Announcement
02 Feb 2023
In February 2023, the government of Thailand provided a THB 24 billion (USD 716.05 million) subsidy and an excise tax cut to local battery cell manufacturers to boost domestic production of electric vehicles (EVs) batteries for EV manufacturers.
Source
Sign in to access
Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
02 Feb 2023
Revocation date:
No revocation date
Updated: 02 Feb 2023
Tax or social insurance relief
In force
On 2 February 2023, the government of Thailand reduced the excise tax for domestic EV battery-makers from 8% to 1%.
According to the press release, the objective was to boost domestic prod...
Sign in to see more
Updated: 02 Feb 2023
Production subsidy
In force
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).
Acco...
Sign in to see more
Threads
See all
This state act is not part of any Thread yet.