snoop1130 Posted February 3, 2023 Share Posted February 3, 2023 BANGKOK (NNT) - The National Committee on Electronic Vehicle Policy, commonly referred to as the EV board, has agreed to reduce the excise tax on EV batteries from 8% to just 1%, a major development for the industry. According to a report, the EV board has also decided to offer a 24 billion baht subsidy to the EV battery production sector. Energy Minister Supattanapong Punmeechaow stated that the subsidy, which is aimed at reducing the prices of EV batteries and boosting the country’s EV-making industry, will be provided on a first-come, first-served basis. Supattanapong said the size of the battery produced will determine the amount of subsidy offered. Producers of EV batteries with a capacity of less than 8 gigawatt hours (GWh) will receive a subsidy ranging from 400 baht to 600 baht per kilowatt hour (kWh), while those producing EV batteries with more than 8 GWh will receive between 600 baht and 800 baht per kWh. Business experts and EV operators have welcomed the announcement, saying that it is a step in the right direction for the growth and development of the EV industry in Thailand. Source: https://thainews.prd.go.th/en/news/detail/TCATG230203132606868 -- © Copyright NNT 2023-02-03 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information. 2 Link to comment Share on other sites More sharing options...
Kiwirod Posted February 4, 2023 Share Posted February 4, 2023 As per usual Thailand is years behind other countries!!!!! Link to comment Share on other sites More sharing options...
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