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Bangkok Post
Bangkok Post
Business

EXPLAINED: Bid to shift evs into overdrive | Vintage Vibes

An electric vehicle charges at Motor Expo 2021 in Nonthaburi in November. (Photo: Pattarapong Chatpattarasill)

The government's multi-billion-baht package to help electric vehicles (EVs) gain ground in the automotive market is being scrutinised as to whether it will become a powerful new economic driver, with benefits shared across society.

Since the cabinet approved price subsidies and a tax cut for EVs to stimulate demand and supply, car manufacturers have a better idea of how to benefit from the incentives, but according to business leaders this is just a start as Thailand faces new challenges.

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