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Thailand EV Motorcycle Subsidy Package Launch

Bangkok Biz News — 6 February 2022


Mr. Kawin Thangsupanich, secretary to the Minister of Energy, said the ministry has accelerated the implementation of measures to support the use of electric vehicles (EVs) as quickly as possible. The content that has been adjusted further and has been proposed to The Secretariat of the Cabinet (SCL), and it probably won’t take long from now on to add the agenda to the Cabinet.

Previously the measures has not yet been offered by The Cabinet because the working group wants to ensure the best subsidy package proposed, and has since adjusted the details in several ways, as well as amendments to allow the domestic industry to adjust stably.

A source from the Government House said the EV Package would take a week to complete the proposed agenda, and circulated to seek opinions from the Cabinet, which is expected to take 2 weeks, and at the latest by mid-February 2022. The electric motorcycle package (EV motorcycle) is suggested for vehicles with retail price of not more than 150,000 baht. A subsidy of 18,000 baht per car, both CKD and CBU in 2022-2025, with conditions to be a domestic production to offset vehicles in 2024 equivalent to the amount of imported CBU in 2022-2023. If necessary, the production time of offset production can be extended until 2025 by having to produce a ratio of 1 imported vehicle to 1.5 produced vehicles, and must choose to produce a vehicle from a particular car model that have been imported during the years 2022-2023 only.

As for the conditions of Zero Emission Vehicles (“ZEV”) motorcycle, it must be a lithium-ion battery or other type of battery that provides a higher specific power by weight, and has a battery capacity of 3 kWh (KWh) or more, or has a range of 75 kilometers per charge according to WMTC (World Motorcycle Test cycle) standards from Class 1 or higher and must use tires that comply with TIS 2720-2560 (UN Reg.75) or higher (UN Reg.75).

In addition, the vehicle must be able to drive to a maximum speed of at least 45 kilometers per hour while having a gross vehicle weight as specified by the manufacturer, and driven continuously for not less than 30 minutes. It must also pass the safety test of electric motorcycles according to the industrial product standard No. TIS. 2952-2561 (UN Reg.136) or higher than 9, etc.

Swag EV is looking forward to the tremendous support from the Thai government to push for EV adoption. We are excited to work together with the government on the subsidy schemes to transform Thailand into an EV friendly hub! For more information of our models under the EV Motorcycle Package, please contact us at hello@swagev.com.

 

Source: https://www.bangkokbiznews.com/business/986693