Government extends subsidy for EV buyers until 2027

24 Sept 05:49 Key points summarised by AI

Thailand extends its EV subsidy program (EV3.5) until 2027, offering up to 100,000 baht per car and significant tax cuts to boost local production and adoption.
Import duties on completely-built up (CBU) EVs are cut by up to 40% (2024-2025) and excise tax reduced from 8% to 2%, contingent on importers producing 2-3 local EVs for each imported unit by 2026-2027.
The government prioritizes making Thailand a regional EV production hub, targeting 725,000 EVs and 675,000 electric motorcycles by 2030.
Specific subsidies range from 50,000-100,000 baht for electric cars/pickups (with ≥50kWh battery) and 5,000-10,000 baht for electric motorcycles (with ≥3kWh battery).

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.