Thailand will see its annual car production increase to more than 2 million units within two years thanks to the global economic recovery, the Federation of Thai Industries (FTI) has predicted.
The government's incentive package for electric vehicles (EVs), which includes the reduction of customs duty for battery electric vehicles by up to 40%, may boost car imports but will not affect domestic manufacturing in the long term, said Surapong Paisitpatanapong, vice-chairman and spokesman for the FTI's automotive club.
