Ministerial row delays EV measures

Ministerial row delays EV measures

Focus from the initial phase to the debate

A visitor examines an electric vehicle at the Motor Expo last November in Impact Muang Thong Thani. (Photo: Pattarapong Chatpattarasill)

A difference of opinion between the Ministry of Energy and the Ministry of Industry has led to a delay in putting in place measures to support electric vehicles (EVs), according to a source from the National Electric Vehicle Policy Committee who requested anonymity.

The source said the original timeline required Energy Minister Supattanapong Punmeechaow to propose the measures to cabinet on December 28, 2021 or January. However, the proposal has been postponed as departments work to resolve their differences.

The Ministry of Industry wants to require electric vehicle manufacturers to set up an electric vehicle battery factory in Thailand if they want to benefit from the planned incentives.

However, the Ministry of Energy believes that during the initial period, the focus should be on promoting imports of electric vehicles.

If automakers are urged to invest in EV production and battery factories when local EV sales remain weak, it could lead EV makers to believe the investment isn’t worth it, the agency said. source.

Earlier, Finance Minister Arkhom Termpittayapaisith said the ministry wants Thailand to transition from fossil-fuel vehicles to the electric vehicle industry in 10 years.

Mr Arkhom acknowledged that it will not be easy for Thailand to fully adopt electric vehicles in a short period of time, as there are currently 40 million fossil fuel vehicles, of which 20 million are cars and the rest motorcycles.

He said the ministry previously planned to introduce measures to promote the adoption of electric vehicles, including reducing excise tax and import tariffs for electric vehicles to reduce their prices to an affordable level. for the mass market. Another measure is a subsidy for those who buy complete electric vehicles.

These incentives will last for five years from 2022, Mr. Arkhom said.

About Emilie Brandow

Check Also

Banking in the Metaverse – The Next Frontier for Financial Services

Banks have long known that if they can capture customers’ attention when they’re young, they’re …