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Thailand to reduce excise tax on electric vehicle batteries

﷽ Thailand to reduce excise tax on electric vehicle batteries

A national committee on electronic vehicle (EV) policy of Thailand, also known as the EV board, on February 2 agreed in principle on a proposal to lower the excise tax on EV batteries from the current 8% to just 1% while offering a 24 billion THB (730 million USD) subsidy to the EV battery-producing industry.
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