The National Economic and Social Development Council (NESDC) has reported a significant surge in electric vehicle (EV) investment in Thailand in 2023, driven by government incentives and policies like EV 3.0 and EV 3.5. The NESDC predicts private sector investment will be a key driver of Thailand's economy in 2024, with a notable increase in investment promotion applications through the Board of Investment (BOI). The top EV brands for new registrations in 2023 were BYD, Neta, MG, Tesla, and GWM. The BOI introduced investment promotion measures, including production ratios for EVs to offset imports. The NESDC assessed private sector investment as a driving force for Thailand's economy in 2024, with the total value of investment promotion applications reaching 850 billion baht, the highest in five years. The investment promotion policy aims to restructuring the Thai economy through promoting investment in 12 targeted industries. (ICE BANGKOK)

Fonte notizia: The Nation