Thailand to offer investment incentives for makers of hybrid vehicles

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Regional auto making hub Thailand will introduce investment incentives for manufacturers of hybrid vehicles, its Board of Investment (BOI) said on Friday, with excise taxes for hybrids to be lowered from 2028 to 2032.

Vehicles will also need to have advanced driver-assistance systems to qualify.

Seven automakers are currently receiving benefits from incentives offered by the BOI, Mr Narit said, four of those from Japan and three from China.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaJapan

Topics: Excise Electric Thailand Auto Incentives Vehicle Investment Hybrid Vehicles Taxes Regional

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 15:42:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 269 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21782882

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