There are greater than 30 firms currently engaged within the local electric motors (EV) enterprise, supplying employment to over 10,000 people, the BOI stated.
Through its Industry Development Program, the BOI is assisting the EV industry within the implementation of its electric powered automobiles roadmap. It formed an e-motors working group (EVWG) that could be a sub-cluster of the car operating institution, and the EVWG has created its very own sub-clusters to handle unique industry troubles which include manufacturing and infrastructure, policies and rules, promotions, and financing and sources.
Under the current Investments Priorities Plan (IPP), the manufacture of electric automobiles and their additives in addition to the status quo and operation of EV charging stations are favored activities for investments that can be entitled to incentives.
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