Tesla’s expansion has reportedly never stopped. The company is trying to build partnerships with several countries to provide consumers with a pleasant driving experience around the world. Tesla is rumoured to be in talks with the Thai government for more information on the country’s investment promotion policies and industry profile.
Tongchai Chawalitpichaet, director of Thailand’s Office of Industrial Economics, said government officials were preparing to hold a conference call with the California-based electric car maker after Tesla contacted them for more information on the country’s investment promotion policies and industry profile. Tesla’s growing popularity in Southeast Asian countries has helped both sides.
The Thai Investment Commission (BOI) is expected to make recommendations for the renewal of the second round of electric vehicle investment plans by early November 2020. The plan would provide an eight-year corporate tax break for the promotion of electric vehicles.
With the worldwide popularity of new energy vehicles, BOI has approved 24 car manufacturer projects to produce all types of electric vehicles in the country.
As the global, regional and domestic markets continue to transition to electric vehicles, Thailand looks to gain a foothold in the automotive and parts sectors and to use its strategic positioning and investment incentives to attract automakers to invest in the production of electric vehicles.