First-time car buyer scheme too popular | Bangkok Post: business

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First-time car buyer scheme too popular

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The number of vehicles participating in the government's first-time car buyer scheme will likely exceed 600,000 units, far beyond the target of 500,000, and the cost is expected to exceed the 30-billion-baht budget. 

From Sept 16, 2011, when the scheme was started, until yesterday, 581,344 vehicles have submitted requests for the excise tax rebate, at a tax cost of 42.9 billion baht.

Somchai Pulsawas, director-general of the Excise Department, said the department expects that by Dec 31, when the scheme is expected to expire, the number of requests will surpass 600,000 units.

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