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Excise Department to seek more funding for EV subsidy program

Excise Department to seek more funding for EV subsidy program

14 Sept 09:37 Key points summarised by AI
  • Thailand's Excise Department will propose an additional 3 billion baht to the new government to continue its electric vehicle (EV) subsidy program, aiming to encourage adoption and reduce greenhouse emissions.
  • The current 2.9 billion baht fund is rapidly depleting and is expected to run out by September, leading to uncertainty about future subsidies and prompting car dealers to urge customers to make advance bookings.
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