Electric vehicle sales in Thailand have seen significant growth this year. Thai government approved a drawn down subsidy package last Wednesday. Starting from next year and ending in 2027. At the same time, they continue to encourage the EV industry, aiming for Thailand to become a regional hub for EV production. Recently, Prime Minister and Finance Minister Srettha Thavisin visited the SAIC Motor-CP factory to inspect and test ride on upcoming electric sports car.
SAIC Motor-CP debuts its first Thailand-made NEW MG4 ELECTRIC Thailand Edition. (Photo: MG Automotives)
According to Reuters, Thai government approved a drawn down subsidy package last Wednesday. Starting from next year and ending in 2027, the government will offer a subsidy of up to 100,000 baht per EV, down from 150,000 baht currently to balance budgetary support while continuing its strong EV sales momentum.
