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Government Okays 7.12 Billion Baht for Electric Vehicle Grants


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Posted

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The government has given the green light for the allocation of 7.12 billion baht to fund an electric vehicle (EV) incentive scheme, with the aim to stimulate the country's shift to environmentally-friendly transport. This funding will offer grants to buyers of EVs and electric motorcycles who have made purchases, but not yet applied for the government's EV incentive.

 

So far, 6.87 billion baht in grants has been disbursed to assist 55,000 EVs, with over 5 billion baht set aside for disbursement. In the first stage of the EV 3.0 scheme, EVs priced below 2 million baht were granted up to 150,000 baht, and electric motorcycles priced below 150,000 baht received up to 18,000 baht. The grants are sent directly to the manufacturers, and customers can claim the grant once their vehicles are registered.

 


 

 

 

The second stage, known as EV 3.5, which is set to run from 2024 to 2027, will offer grants from 20,000 to 100,000 baht based on the battery size of the vehicle. This is a move to help Thailand reach its goal of having EVs represent 30% of all vehicle production by 2030, leading to a 40% drop in greenhouse gas emissions.

 

To qualify for the scheme, manufacturers need to meet domestic production standards by 2024 or face increased standards in 2025. This condition has already driven significant investments in the country, with over 80 billion baht allocated to the creation of EV production bases in Thailand. The government hopes that these steps will speed up the growth of the EV industry and aid in achieving its sustainable development goals.

 

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-- 2024-09-25


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  • Haha 2
Posted (edited)
14 hours ago, snoop1130 said:

The second stage, known as EV 3.5, which is set to run from 2024 to 2027, will offer grants from 20,000 to 100,000 baht based on the battery size of the vehicle. This is a move to help Thailand reach its goal of having EVs represent 30% of all vehicle production by 2030, leading to a 40% drop in greenhouse gas emissions.

Bit of a dream...

30% production by 2030 but will the sales match?

Even if they did I don't see enough recharging stations around to cater for those numbers of vehicles.

Edited by hotchilli
  • Confused 1
Posted
3 hours ago, RichardColeman said:

Any news on EV chargers in the flood risk areas ? 

 
Evolt Official Line group sent a message out saying some their chargers will be preemptively shut off, and listed provinces where this might happen, and apologized for inconvenience.

That is the only one of the 8 (yes EIGHT!) different apps/companies I have on my phone that are available in Thailand that said anything at all to its users, at least that I saw.  Luckily I almost never use public chargers.

Posted
8 hours ago, RichardColeman said:

Any news on EV chargers in the flood risk areas ? 

not yet, but i heard that dozens of petrol stations are underwater and no longer usable... :cheesy:

Posted
10 hours ago, mdr224 said:

Until the infrastructure is there, this business seems like a gimmick

 

nothing against EVs but the practicalities make them not worth my while. my apartment is modern and well managed  but has no plans for charging points. and i don't live in one of the massive blocks, how will everyone charge their vehicles? possibly the govt should be making capital investment in infrastructure and not frittering away money for short term populist gain.

  • Agree 1

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