Thailand BOI pushes for more local content in EVs with fresh incentives
The BOI has introduced incentives for local content use in the automotive and electrical appliance sectors by offering a two-year, 50% corporate income tax reduction
The Thailand Board of Investment (BOI) has approved investment projects totaling 28.6 billion baht (approximately US$870 million) focused on digital infrastructure and travel sectors. The BOI has also enhanced incentives for the use of local content in the manufacturing of electric vehicles and electrical appliances (E&E).
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