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Thailand: Government provided a THB 24 billion production subsidy and an excise tax cut to local battery cells manufacturers

Description

On 2 February 2023, the government of Thailand provided a THB 24 billion (USD 716.05 million) subsidy to local battery cell manufacturers that will be used for electric vehicles (EVs). According to th...

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Intervention Details

Intervention Type

Production subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Feb 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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