Thailands largest energy firm PTT Pcl has signed a contract for making electric cars with 6 automakers including:

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Thailand’s largest energy firm PTT Pcl has signed a contract for making electric cars with 6 automakers including:

A	BMW
B	Mercedes Benz
C	Nissan
D	All of the above

Explanation:

Detailed explanation-1: -The Thai government started its subsidy program for EVs from September 2022 to promote the use of EVs. The applicable EVs receive a subsidy of THB 70, 000-150, 000 per unit. The government also grants tax incentives for Evs including excise, road, and import tax reduction.

Detailed explanation-2: -Domestic manufacturing and sales In 2021, 5, 781 battery-powered electric vehicles were registered in Thailand. These included 1, 955 cars, 3, 763 motorcycles, 32 tuk-tuks, 119 buses, and 2 trucks.

Detailed explanation-3: -The latest incentive package announced includes: A 40 percent reduction in import duty for completely built-up (CBU) of battery EVs priced up to 2 million baht ($61, 805) and a 20 percent reduction for those priced between 2 million ($61, 805) and 7 million baht (US$211, 278) from 2022 to 2023; and.

Detailed explanation-4: -Sajjan Jindal, Chairman at the JSW Group, said, “Since our honourable Prime Minister announced at Glasgow COP26 meeting that India strives to reach net-zero carbon emissions by 2070, JSW Group’s new EV Policy is a unique initiative leading to increased adoption of EVs in India and enabling access to green mobility.

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