BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved a package of incentives including tax cuts and subsidies to promote a shift to electric vehicles in Southeast Asia’s major auto production base, a government official told Reuters.
The package will help reduce the price of electric cars by 70,000 baht ($2,165) to 150,000 baht ($4,638) each, according to local media reports. The government will hold a briefing later on Tuesday.
($1 = 32.34 baht)
(Reporting by Panarat Thepgumpanat; Writing by Orathai Sriring; Editing by Martin Petty)
