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Thailand

Thailand’s EV board lessens EV battery excise tax to 1%; sets aside THB 24 billion for subsidies

On February 2, 2023, Thailand’s national committee on EV policy (the EV board) agreed in principle on a proposal to bring down the excise tax on EV batteries from the current 8% to 1% while providing a THB 24 billion subsidy to the EV battery-producing industry.
According to the Energy Minister, with this subsidy, ....

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