The Board of Investment (BoI) approved enhanced incentives and conditions on Thursday for investments in charging stations for electric vehicles (EV), a move to accelerate the growth of the domestic EV market and quickly expand related infrastructure.
Speaking after a BoI meeting chaired by the prime minister, Duangjai Asawachintachit, BoI secretary-general, said the board agreed to allow smaller charging stations eligibility for three years of tax benefits, an extra incentive on top of the existing five-year corporate income tax exemption now awarded to investment in charging stations with at least 40 chargers, 25% of which are the DC (direct current) type.
