Firms call for greater EV incentives

New tax cut covers commercial vehicles

- YUTHANA PRAIWAN

The state tax exemption for companies buying commercial electric vehicles should promote EV usage, but more measures are needed to speed up the transition to eco-friendly vehicles, say companies in the sector.

Approved by the cabinet in late March, the exemption on corporate income tax applies to entrepreneurs investing in electric trucks and buses, both imported and assembled locally.

The measure runs until Dec 31 this year.

“This measure is for large vehicles used for commercial purposes,” said Peerapatr Sirichantaropart, chief executive of Sharge Management Co, a provider of charging systems for battery-powered vehicles.