More tax incentives for electric vehicles

More tax incentives for electric vehicles

Visitors get a close look at an electric vehicle at an automobile exposition in Nonthaburi province. (Photo: Varuth Hirunyatheb)
Visitors get a close look at an electric vehicle at an automobile exposition in Nonthaburi province. (Photo: Varuth Hirunyatheb)

The cabinet on Tuesday approved two more tax incentives to promote use of electric vehicles and help make Thailand a major EV production base, Prime Minister Prayut Chan-o-cha said.

Speaking after the cabinet meeting, he said the annual road tax for private vehicles powered completely by electricity was cut by 80% for one year.

The tax cut would apply to EVs registered between Oct 1 this year and Sept 30, 2025.

The government expected that during the period at least 128,000 EVs would be on the roads, Gen Prayut said.

The government would also waive the tariff on the local production of battery-driven passenger cars, buses carrying up to 10 people each and pickup trucks until May 31, 2025.

The tax exemption applies to the vehicles locally produced in tax-free areas and free trade areas in industrial estates. 

"Both measures are part of the government's initiatives to make Thailand one of the world’s major production bases for electric vehicles," Gen Prayut said.

The initiatives would improve air quality and stimulate the economy through EV production, he said.

Earlier the excise tax on EVs was cut to lower their prices and make them more affordable.


Do you like the content of this article?
COMMENT (31)
TRENDING

Thai test for Urawa as Kobe draw Jeonbuk in Asian Champions League

TOKYO: Two-time Asian Champions League winners Urawa Red Diamonds will take on Thailand's BG Pathum United in Monday's quarterfinals at Saitama Stadium with South Korea's Jeonbuk Motors facing J1 League strugglers Vissel Kobe.

11:00

PM defends ad spending by govt

Prime Minister Prayut Chan-o-cha and government officials on Friday defended spending by the Office of the Prime Minister on advertising, after it was ranked 13th out of 20 businesses and organisations for the highest ad spending in the country according to a recent poll by the US-based research firm Nielsen.

10:50

Japan probing mistreatment of pregnant foreign trainees

The Japanese government is conducting a survey to determine whether foreign technical trainees have been forced by employers or intermediary groups to leave the country because they fell pregnant or gave birth.

08:38