This package includes discounts for purchases of electric vehicles, the establishing of EV manufacturing plants and the offering of incentives for EV battery production facilities, the report wrote. The EV board will await clear instructions on whether the board’s structure will be changed, said EV board secretary and permanent secretary to the industry ministry of Thailand Nattapol Rangsitpol.
The measures as laid out in the EV 3.5 package will be proposed by the board to the new cabinet for approval should the current structure remain. These new measures aim to expand and enhance the existing EV 3.0 package that focuses on offering discounts for imported EVs, as well as setting manufacturing targets specifically for EVs, according toThe current EV 3.
As such, the benefits and privileges in the EV 3.5 package will be slightly less generous than those in the EV 3.
The aim of the EV 3.5 package is to motivate automakers in Thailand which have yet to participate in the outgoing EV 3.0 package, which are European brands in particular, the report noted. These European brands are expected to receive attention as Thailand’s EV market continues to grow significantly with ‘hundreds of percent’ in monthly growth, according to the report.Open roads and closed circuits hold great allure for Mick Chan.