Thailand Subsidizes Electric Vehicles: Here's How Much

Transportation & Logistics

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Adi Ahdiat 30/11/2022 18:30 WIB

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Thailand offers subsidies for electric vehicle buyers ranging from approximately 8 million to 66 million Indonesian Rupiah per unit.

Electric Vehicle Subsidies in Thailand (February 2022)

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Thailand Subsidizes Electric Vehicles: Here's How Much

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Electric Vehicle Subsidies in Thailand (February 2022)

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Coordinating Minister for Maritime and Investment Luhut Pandjaitan stated that the Indonesian government is preparing subsidies for electric vehicles.

"If you want to replace your motorcycle with an electric motorcycle next year, you will receive a subsidy," said Coordinating Minister Luhut, as reported by Reuters on Tuesday (29/11/2022).

This subsidy scheme is still under development. However, Coordinating Minister Luhut estimates a subsidy of around Rp6.5 million for electric motorcycle buyers, while the amount for electric cars has not yet been mentioned.

Policies subsidizing electric vehicles have been implemented in other countries since at least 2019. Even Indonesia's close neighbor, Thailand, has implemented similar subsidies since February 2022.

According to a report by the ASEAN Secretariat, Thailand provides a subsidy of 150,000 baht (approximately Rp66 million) for buyers of battery electric vehicles (BEVs) with a capacity of 30 kWh or more.

Buyers of BEV electric cars with a capacity of 10-30 kWh receive a subsidy of 70,000 baht (approximately Rp31 million), and buyers of electric motorcycles receive a subsidy of 18,000 baht (approximately Rp8 million).

"Thailand's subsidy program is funded by a central government budget of 3 billion baht (Rp1.33 trillion) in 2022, and a long-term investment of 40 billion baht (Rp17.79 trillion) for the period 2023-2025," said the ASEAN Secretariat in a report on its official website (10/3/2022).

Thailand also plans to build an electric vehicle industry, although they face many challenges in terms of resources, infrastructure, and finance.

"Thailand does not have nickel resources as large as other ASEAN countries, such as Indonesia and the Philippines. This means that Thailand is potentially facing a shortage of materials for the production of electric vehicle batteries," said the ASEAN Secretariat.

"Thailand also still lacks electric vehicle charging stations, with only about 1,000 units. In addition, many consumers are still concerned about the performance of electric vehicles, such as battery life, range, engine power, and charging time," it continued.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."