The cabinet on Tuesday approved spending worth 2.92 billion baht to subsidise electric vehicle (EV) purchases, aiming to drive Thailand to become the region's EV production base and increase the competitiveness of its EV manufacturing industry.
According to government spokesman Anucha Burapachaisri, the subsidies offered for the purchase of passenger cars, pickup trucks and motorcycles range from 18,000 to 150,000 baht per unit.
Under the scheme, a subsidy of 70,000 per unit of a battery electric vehicle (BEV) will be offered for passenger cars priced less than 2 million baht with a battery of 10-30 kilowatt-hours (kWh), and 150,000 baht per car for a battery of more than 30 kWh for completely knocked down (CKD) and completely built-up (CBU) units.
