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Bangkok Post

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Department considers EV battery subsidy

Ekniti Nitithanprapas excise department electric vehicle

An EV receives a charge at a PTT petrol station. The government wants EVs to account for 30% of anticipated vehicle production in 2030.

The Excise Department is mulling a subsidy to support the production of electric vehicle (EV) batteries, aiming to reduce the price of EVs, says director-general Ekniti Nitithanprapas.

He said the price of the battery accounts for around 50% of an EV's total price. The subsidy is meant to make EV prices more competitive with fossil fuel-powered vehicles.

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