Published by
The Bangkok Post
The Bangkok Post
Planned fund to make electric cars cheaper Promotion is for the mass market A government fund is expected to subsidise the prices of electric vehicles (EVs) to keep them closer to the cost of cars powered by internal combustion engines, according to Finance Minister Arkhom Termpittayapaisith, as part of a promotion in Thailand. He said in addition to a planned excise tax incentive, the fund would be another tool to keep EV market prices affordable for the mass market. Mr Arkhom said the comprehensive EV promotion plan is awaiting approval from the National Electric Vehicle Policy Committee. As…