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.
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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 production of E...
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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).
According to th...
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