EV push to accelerate Thailand's efforts against climate change

13 Sept 11:55 Key points summarised by AI

Thailand is accelerating its push for electric vehicles (EVs) with new government incentives expected, aiming to achieve carbon neutrality by 2065 and significantly reduce greenhouse gas emissions.
The government faces a challenge in balancing tax revenue loss from EV incentives with the need to stimulate consumer demand and bolster local manufacturing, especially given the price advantage of Chinese EVs due to free-trade agreements.
Ambitious national targets aim for zero-emission vehicles (ZEVs) to constitute 30% of total vehicle production by 2030, complemented by plans for a substantial expansion of EV charging infrastructure across the country.
Major Thai corporations are aligning with national climate goals, committing to ambitious carbon-neutral targets by 2050 or earlier, and investing in sustainable energy solutions to reduce their environmental footprint.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.