Thursday, February 22, 2024 7.28 am
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Narit Theodsatheerasak Secretary General of the Board of Investment (BOI) as a committee member and secretary The National Electric Vehicle Policy Committee (EV Board) revealed that the meeting of the EV Board Chaired by Mr Setthaweesin, the Prime Minister, approved measures to support the use of commercial electric vehicles on a large scale. Electric buses (E-Bus) and electric trucks (E-Truck) The said measure will allow companies or juristic partnerships to deduct expenses when calculating corporate income tax for the purchase of electric buses and electric trucks for use without specifying a price ceiling high In the case of purchasing a vehicle produced/assembled within the country Expenses can be deducted 2 times and in the case of importing ready-made cars from abroad, expenses can be deducted 1.5 times This measure will be effective until the end of 2025 and the meeting will be dedicated to the Ministry of Finance by the Revenue Department. Consider setting guidelines and proceeding with next steps. It is expected that this measure will help speed up the conversion of at least 10,000 large commercial vehicles to electric vehicles.
In addition, the EV board has approved measures to promote investment in cell-level batteries for electric vehicles and energy storage systems (ESS) to attract cell-level battery manufacturers. namely Upstream production that uses advanced technology to invest in Thailand Investors will be able to request benefits and financial support from the fund to increase the country’s competitiveness under the BOI. The basic conditions for investors are as follows: 1. It must be a leading battery manufacturer used by electric vehicle manufacturers. 2. There must be a plan for the production of battery cells for electric vehicles. It can also produce battery cells for energy storage systems (ESS) 3. Battery cells must be produced with a specific energy value of not less than 150 Wh/Kg and 4. There must be a number of charging cycles (Life Cycle) of not less than 1,000 cycles, with the deadline for submitting proposals for investment projects within 2027. The National Policy Committee on Improving Competitiveness will consider determining the details of the criteria and guidelines further.
In addition, the EV board has also agreed to improve measures to support the use of electric vehicles in Stage 2 or EV 3.5, such as expanding the scope of eligible electric vehicles to cover passenger cars with seats of no more than 10 people and increase the specifications of electric motorcycles In cases where the battery size is less than 3 kWh but has a running distance of more than 75 kilometers per charge cycle, including
There are safety standards. Can join EV3.5 measures to meet the needs of more entrepreneurs in the past. Government measures to promote the electric vehicle industry can stimulate the domestic electric vehicle market to grow exponentially. This can be seen from the number of registered electric vehicle vehicles which will reach more than 76,000 vehicles in 2023, an increase of 6.5 times since the previous year. Lead to investment in the integrated electric vehicle industry
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