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Thais show interest in electric vehicles at the 43rd Bangkok International Motor Show

The event, held at IMPACT Muang Thong Thani, sold around 1,500 electric vehicles, mostly from Great Wall Motor (GWM).

Car enthusiasts showed great interest in electric vehicles (EVs) at the 43rd Bangkok International Motor Show which ended last Sunday.

The event, held at IMPACT Muang Thong Thani, sold around 1,500 electric vehicles, mostly from Great Wall Motor (GWM). GWM is a new Chinese automaker that made its way to Thailand just a year ago, riding the wave of electric vehicle hype.

The auto show sparked public interest in electric vehicles and brands showcased their latest product lines for sedans, SUVs and motorcycles.

Electric vehicles are becoming increasingly popular in the Kingdom, with the Cabinet earlier this year approving a package of incentives to promote the adoption of electric vehicles in Thailand, with the aim of making the country a manufacturing hub of electric vehicles in Asia.

From 2022 to 2025, the strategy contains both tax and non-tax incentives. During the first two years, the package encourages widespread use of electric vehicles in Thailand by providing exemptions or reductions in excise duties and taxes, as well as subsidies to stimulate demand for electric vehicles and attract investment in the electric vehicle industry. These incentives will apply to the import of fully assembled automobiles and motorcycles, as well as the local manufacture of fully disassembled vehicles in Thailand.

Over the next two years, the strategy supports the use of domestically produced electric vehicles by removing or reducing import taxes on fully assembled vehicles while preserving additional incentives. The aim is to raise the cost of fully assembled vehicles above the cost of locally produced vehicles to incentivize operators to develop electric vehicles in the country to meet growing demand. (NNT)

GWM is a new Chinese automaker that made its way to Thailand just a year ago, riding the wave of electric vehicle hype.
The auto show sparked public interest in electric vehicles and brands showcased their latest product lines for sedans, SUVs and motorcycles.


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