According to Reuters, on December 4, the Thai Investment Commission (BOI) said that Thailand will extend the production timetable of pure electric vehicles and provide incentive measures for hybrid electric vehicles to support the Thai automobile industry and make Thailand a Southeast Asia a Southeast Asia Production center of electrical vehicles in the area.
Boi Secretary -General Narit Thermsterasukdi said at a press conference that so far, Thailand has imported 84,000 pure electric vehicles through the EV 3.0 plan.
BOI also said that the unsatisfactory output commitment in the first electric vehicle incentive plan will be partially transferred to the next incentive plan. Narit THERDSTEERASUKDI said after the Thai government’s National Electric Vehicle Policy Committee meeting that the purpose of this is to “avoid more serious potential price war caused by excess supply.”
According to the Thai EV 3.5 incentive plan that takes effect this year, in 2026, every car imported from Thailand will produce two cars in Thailand; by 2027, each car imported in Thailand will produce three in Thailand. car.
It is reported that due to the sharp shrinking of Thai electric vehicles, Thai electric vehicle manufacturers are planning to re -negotiate the Thai electric vehicle incentive clauses. BOI said that the Thai government conference on December 4 also approved the reduction in the consumption tax rate of some hybrid electric vehicles and mild hybrid electric vehicles produced in Thailand.
The above measures are the latest measures to support the Thai automotive industry that are in trouble. As Thailand is currently facing the dilemma of weak economic growth and tightening credit, and the growth of the domestic auto market in Thailand has fallen into stagnation, the future of the Thai automobile industry is facing severe challenges.
According to the Thai government’s EV 3.0 plan, electric vehicles that obtain electric vehicle tax cuts and other supported companies this year in Thailand must be the same as the number of electric vehicles imported from 2022 to 2023. If you miss this final period, their tasks will be more arduous next year, because they will need to produce 1.5 electric vehicles for each electric car next year to offset.
Thailand is the second largest economy in Southeast Asia, and it is also a car assembly and export center in Southeast Asia. In recent years, BYD and Great Wall Motors and other companies have conducted a wave of electric vehicle investment worth more than 1.44 billion US dollars in Thailand.
However, it is worth noting that in October this year, Thailand’s domestic automobile production fell 25%year -on -year, and it has fallen for the 15th consecutive month, and sales have also dropped by 36%year -on -year.