Thailand’s EV policies and tech partnerships attract foreign investors

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The Federation of Thai Industries (FTI) has projected that Thailand will become increasingly appealing to foreign investors, backed by distinct government policies encouraging investment. Prime Minister Srettha Thavisin recently endorsed a policy designed to stimulate Electric Vehicle (EV) production and consumption between 2024 and 2027.

 

This incentive package, known as EV 3.5, is expected to be a significant determinant in global EV manufacturers’ choice to invest in Thailand.

 

Last month, during the Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting in San Francisco, Prime Minister Srettha connected with executives from top corporations, including Tesla, Amazon Web Services, Google, Microsoft and Citigroup, and encouraged them to invest in Thailand.

 

Following this, separate partnerships were formed with Google and Microsoft to enhance Thailand’s artificial intelligence (AI) and cloud technologies, aiming to bolster the country’s digital competitiveness, said Kriengkrai Thiennukul, chairman of the FTI.

 

by Alex Morgan

Picture courtesy of Bangkok Post

 

Full story: The Thaiger 2023-12-06

 

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