Mexican Media Brands
Thailand to Waive Tax on EVs
Thailand is poised to drop its 2% excise tax on full-electric cars for carmakers that begin building them in the country less than three years from now.
#hybrid
Share
Thailand is poised to drop its 2% excise tax on full-electric cars for carmakers that begin building them in the country less than three years from now.
Because of the low volumes likely, the tax cut is largely symbolic, the Bangkok Post says. But the move is intended to signal the government’s commitment to support an EV industry in the country.
An earlier government incentive cut the tax to 2% from 8% for 15 carmakers that vowed to begin making EVs in Thailand by the end of 2021.
Thailand’s tax scheme offers lesser breaks for hybrids. The department notes that EVs in Thailand currently cost about 2 million bhat ($64,100), half of which is for the propulsion battery. To encourage EV sales, the country must promote local battery production and recycling, the department says.
RELATED CONTENT
-
Hyundai Shops for a Partner to Make Electric Scooters
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.
-
FCA Opens the Door to The Future
FCA introduced a high-tech concept vehicle today, the Chrysler Portal, at the event previously known as the “Consumer Electronics Show,” now simply CES.
-
Bolt EV: Like a Hammer Through a Screen
Some of you may remember the Apple “1984” commercial that ran on January 22, 1984, the ad that announced the Macintosh to the world.