Bangkok, Dec. 10 -- The Thai Cabinet has approved adjustments to the country's electric vehicle promotion schemes, specifically the EV3 and EV3.5 measures.
The move aims to enhance flexibility for manufacturers while safeguarding the domestic market against oversupply and potential price wars.
Lalida Praditwiwatana, Deputy Government Spokesperson, reaffirmed Thailand's strategic goal of becoming a major global production hub for electric vehicles and parts. The Thai government continues to drive towards the Zero Emission Vehicle (ZEV) target by 2030 through systematic economic measures balanced with domestic market stability.
One of the primary adjustments involves extending the timeframe for vehicle registration. Under the updated EV3 m...