Thailand accelerates EV transition with major incentive push. The Thai Ministry of Transport is rolling out an ambitious plan to deploy 300,000 additional electric vehicles through expanded tax benefits and trade-in programs. Deputy Transport Minister Siripong Angkasakulkiat announced two critical measures: an enhanced car trade-in scheme covering private vehicles, taxis, and public transport, plus substantial tax reductions for EVs and hybrid vehicles reaching up to 80% during the transition period. The government aims to reduce fuel costs and combat urban air pollution while easing financial burdens on motorists. Fiscal details are under review with the Finance Ministry ahead of cabinet submission, with potential implementation via royal decree as early as June.
