A visitor browses an electric vehicle on display at Motor Expo 2021 in Nonthaburi province in November. (Photo: Pattarapong Chatpattarasill)
The cabinet on Tuesday approved new excise tax rates for motor vehicles – lower for electric vehicles and higher for oil-fueled – to promote EV production and use, a government spokesman said.
Thanakorn Wangboonkongchana said the cabinet had also approved a notification from the Finance Ministry to reduce the import duty on completely built electric vehicles by 40% for EVs priced up to 2 million baht and 20% for EV imports priced 2-7 million baht.
The spokesman said new excise tax rates would apply to 27 kinds of vehicles, but six of them would be implemented immediately they are published in the Royal Gazette.
Pickup passenger vehicles (PPVs) that are plug-in…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.