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Friday, March 29, 2024

New tax to promote EVs on the cards

PM2.5 dust particles blanket the sky as motorists drive along an elevated highway. Arnun Chonmahatrakool

The government and car companies are scheduled to meet next month to discuss a proposal to impose a higher excise tax on oil-powered vehicles as part of efforts to promote electric vehicles (EVs) and reduce air pollution.

The tax hike was suggested because the current excise tax structure for cars is due to end in 2025, and there is interest in considering a more appropriate rate, according to media reports citing a Finance Ministry source.

The source suggested the tax for internal combustion engines be the “highest” among car types to encourage people to shift to EVs.

Atthawit Techawiboonwong, general manager for external and government affairs at Nissan Motor Thailand, said the government called…

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