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Thailand promotes investment in electric vehicle production

More and more foreign investors are interested in the possibility of investing in the production of electric vehicles (EVs) in Thailand thanks to measures to attract investment, encourage the use of EVs as well as an increase in local demand for the products.
Thailand promotes investment in electric vehicle production ảnh 1More and more foreign investors are interested in the possibility of investing in the production of electric vehicles (EVs) in Thailand. (Photo: nhandan.vn)
Bangkok (VNA) – More and more foreign investorsare interested in the possibility of investing in the production of electricvehicles (EVs) in Thailand thanks to measures to attract investment, encouragethe use of EVs as well as an increase in local demand for the products.

According to the Thai Board of Investment (BOI), the Governmenthas implemented many measures to support EV companies and encourage people touse the vehicles, aiming to turn the country into a regional EV production hub.

Thailand has set a target that by 2023, EVs will account for30% of its total vehicles.

Deputy Government Spokesperson Trisulee Trisoranakul said BOIdata shows that in addition to clear investment promotion policies, factorssuch as growing demand and potential of the market in Thailand also contributeto luring manufacturers of EVs, batteries, and spare parts. These enterprisesintend to choose Thailand as the base for producing EVs to sell in the localmarket and export to the world.

According to the Federation of Thai Industries (FTI), in thefirst ten months of 2022, there were about 12,528 electric vehicles registered, 230%higher than the same period last year./.
VNA
#Thailand#EVs#Thai Board of Investment#batteries#Federation of Thai Industries#Vietnam#VietnamPlus#Vietnam news
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