Mexican Media Brands
Thailand Ponders Tax Cut for EV Battery Plants
Thailand is studying a plan to lower its 8% excise tax on batteries for electric cars in a bid to encourage local production.
#hybrid
Share
Thailand is studying a plan to lower its 8% excise tax on batteries for electric cars in a bid to encourage local production, the Bangkok Post reports.
The cut would follow a decision last week to finalize an earlier plan to eliminate the country’s 2% excise tax on entire EVs between the beginning of next year and the end of 2022. That tax had previously been reduced from 8% for carmakers that pledged to begin building EVs in Thailand by the end of 2021.
A source tells the newspaper that the government is deciding whether to lower taxes on imported batteries, locally produced devices or both.
RELATED CONTENT
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
