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Bangkok Post
Bangkok Post
Technology

Toyota signs agreement for EV incentives

Toyota excise department electric vehicles Toyota Motor Thailand Thailand
Toyota bZ4X is on display at the 43rd Bangkok International Motor Show, held from March 23 to April 3, 2022, in Muang Thong Thani, Nonthaburi province. (File photo)

Toyota Motor Thailand on Friday signed an agreement to receive tax incentives and a subsidy for its battery electric vehicles (BEVs) from the Excise Department as part of a government push to make electric vehicles (EVs) more affordable.

The agreement was signed at the department and secures tax incentives and a subsidy for Toyota's bZ4X vehicles.

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