Toyota Motor Thailand on Friday signed an agreement to receive tax incentives and a subsidy for its battery electric vehicles (BEVs) from the Excise Department as part of a government push to make electric vehicles (EVs) more affordable. The agreement was signed at the department and secures tax incentives and a subsidy for Toyota’s bZ4X vehicles. Lavaron Sangsnit, director-general of the Excise Department, said such agreements had already been established with Great Wall Motor Manufacturing (Thailand) Co and MG Sales (Thailand) Co. The past agreements led to orders for over 5,000 vehicles. Ex…

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