Thailand EV Board Approves Tax Incentives and Cash Grants to Improve Electric Truck and Bus Adoption

Thailand’s National Electric Vehicle Policy Committee (EV Board), chaired by Prime Minister Srettha Thavisin has approved incentives to encourage companies to transition their commercial fleets of large trucks and buses to battery electric vehicles (BEV), and cash grants for EV battery cells manufacturers. The two policies will further expand the country’s supports to the whole EV ecosystem and help to reinforce its status as an EV manufacturing hub.

Thailand Committed to Electrifying Trucks and Buses

“The measures approved today will complete the so-called EV3 and EV3.5 se...