Thai EV Subsidies Wreak Havoc on Domestic Auto Market

It isn't just in Europe and the U.S. where the EV industry is seeing jolting effects of Chinese EVs entering their respective markets. It looks like the industry in Thailand has accidentally also set off chaos in their home market by offering subsidies to Chinese EV makers, a move that Nikkei Asia reports is "wreaking havoc" in Thailand.  The unintended consequences of EV subsidies have also affected supply chains, with at least a dozen parts producers shutting down as subsidized Chinese EV makers avoid buying from most of them. Since the…