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Bangkok Post
Bangkok Post
Business

HISTORICAL FACTS: Incentives entice two car makers - Caught on Camera

Thailand Finance Ministry
Visitors examine an electric vehicle on display at Motor Expo 2021. (Photo: Varuth Hirunyatheb)

A Japanese and a Chinese car manufacturer plan to invest in producing battery-powered pickups in Thailand later this year, says a Finance Ministry source who requested anonymity.

The source said the government's recent announcement of tax incentives and a subsidy to promote the adoption of electric vehicles (EVs) in Thailand made the foreign car makers eager to use Thailand as a battery electric vehicle (BEV) production base, especially for pickups.

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