To attract electric vehicle manufacturers into Thailand – the Thailand Board of Investment (BoI), is offering new packages and privileges. Qualified EV companies are now eligible from 5 to 8 years of exemption on corporate tax and import duties on machinery. In addition, manufacturers producing more than one key EV component may have an additional year of tax exemption per key component, capped to a maximum of 10 years.
BoI has already approved 754 investment projects during the first 6 months of 2018, including applications within the EV category which represent a value of investment greater than $600 million.
This includes Energy Mahanakhon Co’s project to build charging stations worth THB 1.09 billion, AutoAlliance Thailand’s (JV with Mazda and Ford) hybrid EV project worth THB 11.5 billion in Rayong as well as DTS Draxlmaier Automotive System Thailand that won a high-voltage battery production project worth THB 542 million in Chon Buri to serve BMW's plug-in hybrid EVs.
In addition, Energy Mahanakhon (a subsidiary of SET-listed Energy Absolute) plans to expand charging stations under the EA Anywhere brand nationwide.
BOI has also granted privileges to Japanese car makers - Toyota, Nissan, Honda and Mazda for hybrid EVs, while Mercedes-Benz, BMW and SAIC Motor-CP have been awarded privileges to build plug-in hybrid EVs.
At CMT’s E-Mobility Asia on 25-26 April, 2019 in Bangkok
, get more details in these two sessions:
‘Development of EV & E-Mobility in Thailand’s Automotive Sectors’ - Mr. Chokedee Kaewsang, Deputy Secretary General, The Board of Investment of Thailand (BOI)
and ‘Building EVs, Lithium-ion Batteries & Charging Network in Thailand’ - Mr. Thanapat Suksuthamwong, CEO, EA Anywhere.
Contact Huiyan at email@example.com
or call +65 6346 9113 for more details.