Tuesday, February 27, 2024

EV registrations in Thailand increased in March

The government of Thailand has announced a significant increase in the number of electric vehicles (EVs) registered in the country in March, attributing this to various support measures and incentives. This is part of Thailand’s efforts, as reported in Thailand Business News, to become a regional hub for EV production and adoption.

According to government spokesperson Anucha Burapachaisri, there were 8,522 EV registrations in March, almost double the figure of 4,543 from January. Cars with less than seven seats accounted for most of the registrations in March (6,205 units), followed by motorbikes (2,263 units).

The promotion of EVs by the government will help develop a sustainable economy that preserves the environment, Burapachaisri noted. He added that this is an essential step for Thailand towards a low-carbon society. Buyers of four-wheel EVs are eligible for discounts of 70,000 to 150,000 baht (2,050 -4,400 USD), depending on battery size. There is also a subsidy of 18,000 baht available for purchases of e-motorcycles. Manufacturers of battery electric vehicles (BEVs) will receive a 40% cut in import duties on units priced under 2 million baht and a 20% cut for those priced…

EV registrations in Thailand increased in March

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