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Thailand EV Board Adjusts EV3, EV3.5 Terms to Promote Exports as Investment in EV Supply Chain Tops USD 4.2 billion
Thailand’s National Electric Vehicle Policy Committee (EV Board) approved adjustments to the EV3 and EV3.5 incentive schemes to strengthen Thailand as an EV export hub. Under the new rules, each vehicle produced for export counts as 1.5 units toward compensatory production requirements, easing automakers’ commitments and boosting projected EV exports to 12,500 units in 2025 and 52,000 units in 2026. The registration deadline for domestic EVs was extended by one month, and subsidy criteria tightened for more efficient disbursement. As of June 2025, the EV supply chain has attracted THB 137.7 billion (USD 4.2 billion) in investments, while 175,064 BEV cars and 34,559 electric motorcycles have received subsidies under EV3 and EV3.5.
Thailand’s EV market is expanding rapidly, with 57,289 new BEVs registered in the first half of 2025, a 52% increase year-on-year, representing 15% of new car registrations. The country now has 203,000 BEVs on the road and a growing charging network with 3,720 stations and 11,622 chargers, nearly half of them DC fast chargers. Investments in batteries, components, and charging infrastructure continue to rise, with 27 companies in EV3 and 10 in EV3.5. These updates reinforce Thailand’s position as a leading EV manufacturing and export base in the region.
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