Thailand approves new, scaled down EV subsidy package

Thailand approves new, scaled down EV subsidy package

The logo of an electric car is painted on the road during the opening ceremony of the first Latin American public charging station, at Santiago, April 20, 2011. REUTERS/Ivan Alvarado/File photo

Thailand on Wednesday approved a new subsidy package for electric vehicles, an industry official said, in a move to support EV sales in a top regional auto hub where battery-powered cars are steadily gaining traction.