Thai Cabinet Approves Tax Incentive to Support Investment in Large Commercial Electric Vehicles

The Thai Cabinet has approved a royal decree for the introduction of corporate income tax deductions to support investment in large commercial electric vehicles, including electric busses and trucks. This includes an additional 100% deduction (200% total) for electric vehicles manufactured and assembled in Thailand and an additional 50% deduction (150% total) for imported electric vehicles until 31 December 2025. Further details on the implementation of the incentive will be published once av…