Thailand has updated its electric vehicle (EV) incentive programs to support increased exports of battery electric vehicles (BEVs) and reinforce its role as a regional EV manufacturing center. The adjustments apply to the national EV program launched in 2022, which offers subsidies and import duty exemptions to automakers in exchange for commitments to local production.
Under the new rules, each BEV exported will count as 1.5 units toward a manufacturer’s local production requirement. The Board of Investment (BOI) stated that this change is intended to make it easier for companies to meet their production targets while promoting export growth.
BOI Secretary General Narit Therdsteerasukdi said the revisions offer manufacturers more flexibility and support Thailand’s aim to become a key base for EV production in Southeast Asia. The country is already a leading automotive producer in the region.
As of June 2025, total investment in Thailand’s EV supply chain reached approximately 4.21 billion USD, according to the BOI. This figure reflects both domestic and foreign investment in EV manufacturing, battery production, and related infrastructure.
The Federation of Thai Industries estimates that Thailand will export around 12,500 BEVs in 2025 and 52,000 in 2026. The revised incentives are expected to contribute to these projections by encouraging companies to increase exports while maintaining commitments to local assembly.
The updated policy is part of Thailand’s broader strategy to transition toward cleaner transportation technologies and to secure long-term competitiveness in the global automotive sector.
(Source: Vietnam+)
