Thai EV sales set to be boosted by trade-in incentive

The Thai automotive industry is expected to benefit from the government’s proposed car trade-in policy, which Omoda & Jaecoo (Thailand) says will stimulate sales, strengthen supply chains, and accelerate the country’s push towards carbon neutrality. The company, a subsidiary of Chinese automaker Chery Automobile, believes the measure will encourage consumers to replace internal combustion engine (ICE) vehicles with low- or zero-emission models, such as battery electric vehicles (BEVs) and hybrid EVs. New cars under the scheme would have to be made in Thailand in order to stimulate employment and support auto parts suppliers, according to media reports. Cedric Cui, president…