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Regulation
December 06, 2024
Thailand cuts taxes to encourage hybrid EV production
To expand the development of electric vehicles (EVs), the Thai government has passed a new tax system aimed at hybrid electric vehicles (HEVs) and mild hybrid electric vehicles (MHEVs), offering conditional excise tax reductions for manufacturers.
December 04, 2024
Updated: Thailand's finance ministry to propose carbon tax for cabinet approval
The Thai Ministry of Finance is set to propose a carbon tax measure on Dec. 11 for cabinet approval, aiming to enhance the country’s efforts in reducing greenhouse gas emissions.
September 26, 2024
Thailand prepares $93 bln for energy plans to curb carbon emissions
To achieve its carbon reduction targets, Thailand is formulating five major energy plans with a total investment of 2.9 trillion baht (about 93 billion USD). Over 50% of this budget will be allocated to renewable and alternative energy.
August 06, 2024
Thailand targets 585 million kWh savings with new public sector energy-saving plan
To reduce the country’s overall energy consumption, the Thai government is launching an energy-saving program targeting public sector agencies.
July 30, 2024
Thailand unveils new incentives to lure hybrid vehicle investment
Thailand announced that manufacturers producing hybrid vehicles will benefit from a reduction in excise tax. This move will attract at least 50 billion baht (about USD 1.4 billion) in new investments over the next four years.
July 19, 2024
Thailand considers electricity price increase of up to 44%
The Thai government is considering raising electricity prices, causing concerns in the industry about potential impacts on multinational corporate investment. Kriengkrai Thiennukul, Chairman of the Federation of Thai Industries (FIT), stated that Thailand
July 16, 2024
Thailand to open DPPA to attract data center investment
To attract foreign investment, particularly from data centers, the Thai government intends to open up Direct Power Purchase Agreements (DPPA), allowing businesses to directly purchase green electricity from power generators.
June 20, 2024
Thailand's new power plan aims for 51% renewable energy by 2037
Thailand's latest power development plan (PDP) raises the renewable energy generation target from the previous 36% to 51%. However, some renewable energy industry stakeholders believe that the country should set even more ambitious goals.
June 06, 2024
Thailand to introduce carbon tax in 2025, starting with oil sector
Following Singapore, Thailand will become the second ASEAN country to implement a carbon tax ahead of CBAM. Thailand plans to levy carbon taxes in 2025, aligned with the enactment of the “Global Warming Act”.
April 30, 2024
Pattaya partners with Toyota on EV public transport to reduce pollution
Pattaya City took a significant step forward on Apr. 25 by introducing electric pickup trucks, Hilux Revo-e, for trial service known as the Song Taew, in a bid to revolutionize public transportation and address pollution.