泰国EV及支持政策-42页_3mb

Opportunities and Support Measures for EV Activities under Thai BOI

Overview

This report analyzes the opportunities and support measures for electric vehicle (EV) activities promoted by the Thailand Board of Investment (BOI). It includes BOI's role, incentives for EV investments, government special packages, and Thailand's EV development goals.

BOI's Role in EV Investment Promotion

BOI is a government agency under the Office of the Prime Minister, focusing on promoting private sector investment in line with Thailand's development strategy. It integrates tax incentives, non-tax measures, and policies to facilitate investment in the EV sector, acting as an integrator, connector, facilitator, and promoter to expand opportunities.

Key Incentives for EV Activities

BOI offers various incentives to attract EV investment:

• Tax Exemptions and Deductions: Corporate income tax (CIT) exemptions up to 13 years, including based on investment value (e.g., A1-A4 categories for different EV types like BEV, PHEV). Examples include 8-13 years for BEV and 3 years for HEV/PHEV, with deductions for import tariffs, installation costs, and R&D.
• Import Duty Exemptions: Exemptions on machinery, raw materials, components, and parts imported for EV production.
• Non-Tax Benefits: Land ownership facilitation, work permits, 100% foreign ownership, no local content requirements, and support for R&D.
• Economic Zones: Investments can be based in Economic Enterprises Zones (EEC), Special Economic Zones (SEZ), and other zones, with incentives tied to location.
• Additional Measures: Export promotion, ease of investment coordination, and incentives for high-value sectors like digital industries.

EV-Specific Incentives and Regulations

BOI provides targeted incentives for different EV types:

• Battery Electric Vehicles (BEV): Up to 13 years CIT exemption for manufacturing all EV categories (BEV, PHEV, HEV). Requirements include starting full production within 3 years, with additional local manufacturing mandates for key parts (e.g., traction motor, BMS). Investments must comply with UN standards and target high-capacity batteries.
• Fuel Cell Electric Vehicles (FCEV): Up to 13 years CIT exemption for FCEV and fuel cell components, with R&D enhancements.
• Charging Infrastructure: Up to 10 years CIT exemption for charging stations and battery swapping stations, requiring plans for smart systems and adherence to safety standards.
• EV Parts and Components: Incentives for manufacturers of parts like traction motors, BMS, DCUs, with substitutions possible for foreign components to extend exemptions.

Thailand's EV Development Goals and Current Status

Thailand aims to be a global EV manufacturing hub. Key targets include the "30@30" goal (30% of car production by 2030 is ZEV), with production goals for various EV types and battery standards. Current status shows strong growth: Thailand ranked 10th globally in vehicle production in 2021, with increasing EV sales and a growing network of charging stations. Future rankings project Thailand among top BEV manufacturers by 2025–2030.

Other Support Measures and Government Incentives

• Ministry of Finance Packages: Special tax rates, import duty reductions, subsidies for consumer purchases (e.g., THB-based incentives for EVs), and regulatory measures like local offset requirements for imports.
• Market Stimulus: Government incentives and policies to promote public procurement of EVs, reducing reliance on imports and stimulating demand.
• Existing Projects: BOI has approved numerous EV-related projects, with significant investments in battery manufacturing, EV assembly, and charging infrastructure, contributing to Thailand's automotive sector growth.

Conclusion

The BOI plays a crucial role in driving EV investment through a comprehensive framework of incentives, supported by Thailand's national EV strategy. These measures aim to enhance Thailand's competitiveness in the global EV market while addressing environmental and economic challenges.