Incentives for EVs' battery cells

In 2023, the Thai government allocated THB 24 billion to subsidise the production of battery cells for Electric Vehicles (EVs). This subsidiary mechanism is implemented through “the EV Board” as a commitment to meet Thailand's national target of 30% of the total electric car production by 2030. 

The subsidies intend to reduce the cost of production, aiming at cheaper prices for EVs in domestic markets. 

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