Thailand positioned to be a global electric vehicle hub

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Thailand implements broad policies to support electric vehicle industry

Posted: October 13, 2021 at 9:00 a.m. CDT|Update: 1 hour ago

BANGKOK, October 13, 2021 / PRNewswire / – Today, Thailand Board of Investment (BOI) new York The office announced the government’s plans to support the country’s growing electric transportation industry and the adoption of electric vehicles.

With broad initiatives, the Thai government unveiled a three-phase development roadmap designed to increase electric vehicle production to 30% of its total car manufacturing capacity, or 750,000 by 2030. This is of an ambitious plan, designed to accelerate the construction of a skilled workforce, manufacturing capacity and infrastructure.

Supported by government policies and incentives, Thailand The EV roadmap encompasses all aspects of the electric vehicle supply chain, with a focus on batteries, local production of critical parts, and the inclusion of commercial vehicles of all sizes, as well as ships.

Over 2,000 companies currently operate in Thailand automotive supply chain and 30 global automakers use the country as the main production base in ASEAN, establishing Thailand as the 11th largest automobile production base in the world.

To support the adoption of electric vehicles, the Thai government and private sector partners plan to establish 10,000 charging stations across the country by 2025, and the number is expected to increase to 80,000 by 2035.

Thailand is rapidly moving towards a future without fossil fuels ”, said Vorawan Norasucha, director of the Thailand Board of Investment New York Office, “Our government offers generous tax incentives and support to companies operating in the field of electric vehicles and batteries. Beyond incentives, we offer comprehensive workforce development support. There is no better time to invest in Thailand. “

For detailed information on electric vehicle incentives and assistance offered by the Thai government, please visit LINK TO INCENTIVES INFORMATION or contact the Thailand Investment advice new York office at [email protected]

IN REGARDS TO THAILAND INVESTMENT ADVICE NEW YORK OFFICE
The Thailand Board of Investment New York (BOI new York) is one of the 16 BOI offices abroad. BOI new York The team works with US and Canadian companies, to facilitate foreign direct investment and to provide support services to companies investing in Thailand. BOI’s services are free and personalized to help foreign companies succeed Thailand.

For more information, please visit www.boi.go.th and www.thinkasiainvestthailand.com

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Sandy Pratt
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THE SOURCE Thailand Board of Investment – New York Office

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