Thailand updates BEV incentive regulations

The Thai government has approved changes to its battery electric vehicle (BEV) incentive programme to encourage greater exports, with the industry fearing a domestic supply glut following the significant investments in production capacity in the last few years – mainly by Chinese brands, according to local reports citing a statement by the Board of Investment (BOI). The BOI said it has approved adjustments to its current EV3.0 and EV3.5 incentive programmes, allowing for every BEV produced for export to c ...