Tesla is committed to expansion, which is why the company is trying to forge good relationships with various countries and provide an enjoyable car ownership experience for customers all over the world. Tesla reportedly requested more information from the Thai government on the country's investment promotion policy and industry overview.
The Thailand Board of Investment (BOI) is expected to prepare recommendations for renewing the investment package for electric vehicles for the second round in early November 2020. The package should provide a full 8-year corporate tax cut for the promotion of electric vehicles.
Thongchai Chawalitpichaet, director of the Office of Industrial Economics, said government officials are preparing a teleconference with Tesla after the California-based electric vehicle manufacturer reached out to them for more information on investment promotion policies and an industry overview, reports PrachaChat. Tesla continues to gain popularity in the Southeast Asian countries, so both Tesla and Thailand can benefit from a good relationship.
With the growing adoption of green cars around the world, the BOI has already approved 24 carmaker projects to produce all types of electric vehicles in the country.
With the ongoing shift to electric vehicles in the global, regional, and domestic markets, Thailand is counting on its solid footing in the automotive and ancillary sectors, as well as its strategic position and comprehensive investment incentives to attract automaker investment in electric vehicle production.
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