Thailand’s National Electric Vehicle Policy Committee (EV Board), today approved adjustments to the so-called EV3 and EV3.5 incentive packages to encourage the manufacturers of battery electric vehicles (BEV) to use the country as an export base.

The two incentive schemes require manufacturers to produce locally to compensate for the vehicles they imported since the start of the EV subsidies program in 2022 before they started local production. Under the new adjustments, 1 vehicle produced for export will be accounted as 1.5 vehicle, making it easier for carmakers to meet their production commitments.

The board also approved a proposal to extend by one month the registration period for vehicles produced for the domestic market and strengthen subsidy payments to enhance the effectiveness of the measures.