Thailand is set to extend a tax cut for electric vehicle (EV) buyers, a move aimed at boosting the country's transition to cleaner transportation. The government has proposed a one-year extension of the current tax incentive, which has been in place since 2020. The tax break, which currently reduces the purchase price of EVs by up to 100,000 THB ($2,900 USD), has been credited with a significant increase in EV sales in Thailand. By extending the tax cut, officials hope to maintain momentum and encourage more consumers to switch to eco-friendly vehicles, helping the country meet its ambitious goal of having 30% of new car sales be electric by 2030.
Thailand plans one-year extension of EV tax cut Nation Thailand
