A national committee on electronic vehicle policy, also known as the EV board, on Thursday agreed in principle on a proposal to lower the excise tax on EV batteries from the current 8% to just 1% while offering a 24-billion-baht subsidy to the EV battery-producing industry.
"The subsidy will be on a first-come, first-served basis," said Energy Minister Supattanapong Punmeechaow.
