Get ready! The Thai government is rolling out comprehensive new policies to promote hybrid electric vehicles (HEVs), solidifying Thailand’s position as a major global hub for electric vehicle (EV) production and export.
With reduced excise tax rates, HEVs emitting less than 100 g/km CO2 will be taxed at only 6%, while those emitting between 101-120 g/km will have a 9% tax rate. These rates will remain in place until 2032, making it more attractive for manufacturers to invest. To qualify, manufacturers must invest at least 3 billion baht in Thailand, use locally-sourced components proportionate to their investment, and equip vehicles with Advanced Driver Assistance Systems (ADAS) to enhance safety. This policy is expected to boost local employment and stimulate the economy.
With robust policies supporting both HEV and EV production, Thailand is on track to becoming a global leader in electric vehicle manufacturing, benefitting the environment and economy alike. Stay tuned for a sustainable and exciting future!
For More Information : Royal Thai Embassy in Tokyo, Japan
Link : https://www.facebook.com/rtejapan
EN
CN
DE
JP
TH
