Toyota’s Thai unit signs deal with Thailand on EV incentives

04/29/2022

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2022.04.29 05:41

Toyota's Thai unit signs deal with Thailand on EV incentives
FILE PHOTO: The logo of Toyota is pictured at the 38th Bangkok International Motor Show in Bangkok, Thailand March 28, 2017. REUTERS/Athit Perawongmetha

BANGKOK (Reuters) – The Thai unit of Toyota Motor (NYSE:TM) Corp on Friday signed an agreement with Thailand on incentives to promote the use of electric vehicles in Southeast Asia’s major auto production base.

The EV incentives include tax breaks and subsidies to help reduce the price of EVs to make them more affordable, the finance ministry said in a statement.

04/29/2022

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