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July 24,2026

Thailand Plans $714 Million EV Transition Scheme to Replace 80,000 Vehicles

Thailand is reviewing a 24 billion baht ($714 million) EV transition plan to replace up to 80,000 ageing vehicles with electric alternatives. The initiative initially targets taxis, motorcycle taxis, tuk-tuks, buses, and trucks, but may expand to all vehicle categories through subsidies, low-interest loans, and tax incentives.

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