In 2012, Thailand began offering eight-year exemptions from corporate income tax (with a cap) for investment in the manufacture of vehicle parts involving advanced technologies, including batteries for HEVs, PHEVs, and BEVs, as well as traction motors “for automobiles such as hybrid or fuel-cell cars”. IEA/IRENA Global Renewable Energy Policies and Measures Database © OECD/IEA and IRENA, [November 2020]