GlobalData blog: Thailand bets on local production as its EV subsidy era ends
For nearly four years, Thailand ran one of the most aggressive Electric Vehicle (EV) adoption experiments in Southeast Asia, and it worked almost too well. The EV 3.0 and EV 3.5 incentive packages, launched in 2022, offered excise tax cuts from 8% down to 2%, subsidies as high as THB150,000 ($4,500) per vehicle, and ....
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