Tel :
Tel :
Thailand's National Electric Vehicle Policy Committee (EV Board) recently updated its EV3 and EV3.5 incentive programs, aiming to encourage pure electric vehicle manufacturers to use Thailand as an export base. Under the revised program, the Federation of Thai Industries (FTI) proposes that each exported vehicle produced be counted as 1.5 units, making production commitments more achievable. KR R/F51 steel This move is expected to increase electric vehicle exports to approximately 12,500 units in 2025 and 52,000 in 2026.
The program requires manufacturers to localize production to offset the number of vehicles imported after the subsidy policy begins in 2022, but before domestic production begins. Thai government data shows that as of the end of June, the local electric vehicle supply chain had received 137.7 billion baht (approximately US$4.2 billion) in investment. KR R/F51 steel The EV3 and EV3.5 programs have currently provided subsidies for 175,064 pure electric passenger cars and 34,559 electric motorcycles, totaling over 12 billion baht.
According to Mysteel, a total of 27 companies are currently participating in the EV3 program, including 16 electric passenger car/pickup truck manufacturers and 11 electric motorcycle manufacturers. Ten passenger car manufacturers have registered for the EV3.5 program, all of which have already participated in the previous EV3 program.
The EV Board has also extended the registration period for domestic vehicles by one month and optimized the subsidy distribution process to enhance the program's effectiveness. The EV3 program originally required vehicle registration by December 31, 2025, but this has now been adjusted to allow registration until January 31, 2026, provided sales are completed before that deadline. KR R/F51 steel The registration deadline for the EV3.5 program has been extended to January 31, 2028.
Other adjustments include revised subsidy disbursement regulations. For example, the tax department will withhold subsidies until companies have achieved at least 50% of their compensatory production and meet their expected production plans. Data from the Thailand Board of Investment (BOI) shows that pure electric vehicle registrations reached 57,289 in the first half of 2025, a year-on-year increase of 52.4%, accounting for 15% of the market share.
