Cabinet encourages transition to electric vehicles

Date:

The Cabinet has approved a package of incentives to encourage the transition to electric vehicles (EVs) and increase domestic production.

Government Spokesperson Thanakorn Wangboonkongchana says that the Cabinet has approved a 2022-2025 incentive package. The package exists to encourage drivers to switch to EVs while also increasing vehicle manufacturing in the country.

The incentives will offer tax cuts and subsidies to encourage domestic use of imported and local EV models for the first two years. The support will then shift to providing benefits to domestic EV’s and removing some from imported vehicles during the second phase of the initiative. Hopefully this will encourage manufacturers to increase domestic production in order to meet rising consumer demand.

Spokesperson Wangboonkongchana added that the Ministry of Energy is currently working out the details and will release further information shortly. The incentives package aligns with the government’s zero-emission vehicle policy. That package seeks to make EVs 30 percent of the country’s auto output by 2030.

sawsen
Author: sawsen

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Amid Efforts to Suppress World Inflation, Thailand’s Exports Show Slight Decline

For the first time since February of last year,...

Lopburi’s Annual Monkey Feast Festival

Lopburi city in Lopburi province hosted the annual Monkey...

The finish of the amazing Pattaya International Fireworks Festival Over 2 billion baht are in circulation

On November 28, 2022, Mr. Poramet Ngamphichet, the mayor...

A New CEO Has Been Appointed at Thai Airways Amid Restructuring Plans

Thai Airways International PCL said Friday (Nov. 26) that...
X
X
X