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Home News Auto News Automakers Keen On Thai EV Tax Incentives Automakers Keen On Thai EV Tax Incentives Auto News Arvind | February 11, 2019 10:46 am Automakers are optimistic about the Thai Government’s deployment of a series of tax incentives (of up to eight years) aimed at luring companies to set up electric vehicle production within the country.Bangkok Post reports that carmakers are keen and that the incentives packages are attractive enough to draw future investments to the country.Last Friday, the Board of Investment (BoI) rolled out packages to tariff exemptions for imported production machinery, and corporate tax cuts from five to eight years for investments in full-EV, HEV, and PHEV production. This is in addition to the Finance Ministry’s excise tax cuts on imported (CBU) for full-EVs, HEVs and PHEVs.The tax promotions include measures for passenger cars, pick-up trucks, and buses, with varying incentives depending on production technology.Piengjai Kaewsuwan, vice-president of Nissan Motor Thailand added, “The BoI packages for BEVs are highly likely to attract new investment, particularly in electric batteries and motor manufacturing locally, as all of these projects are related to EVs and carmakers are now interested in making Thailand their production base.”However, she tells Bangkok Post, that tax incentives for HEVs are less attractive.Separately, an anonymous source from a car maker who spoke to Bangkok Post expressed concerns that the lack of specifics regarding battery type could lead to manufacturers settling for producing cheaper Ni-MH (Nickel-Metal Hydride) batteries, versus the newer Li-Ion (Lithium Ion) batteries, impeding the long-term growth of the technology. On the home front, the Malaysian Automotive Institute (MAI) announced yesterday, that it expects all new models to be only energy efficient vehicles (EEV) by 2025. Could the Thai Government’s well-placed tax promotions mean that Malaysia’s EEV aspirations are under threat? ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags BOI EV exemptions hybrid PHEV Tax thailand ev tax exemptions Print Related News Petrol Prices On The Rise - Do Hybrids Make Sense? Insights Aswan | March 18, 2021 With petrol prices seeming to shoot back up as demand increases, does it make sense to pick a hybrid vehicle? Or perhaps even something fully ... All Volvo Models From 2019 Onwards Will Be Hybrids or EVs Auto News Arvind | January 31, 2019 In a historic announcement, Volvo has announced that every model it launches from 2019 onwards will have an electric motor or some form of powertrain ... The EV Thesaurus - All The Acronyms You Need To Know Insights Aswan | March 24, 2021 With all the acronyms being thrown around these days, we can forgive you if you can't tell your BEV from your PHEV. Gone are the days when a car ... Thailand Aims To Become Global EV Hub, Creates EV R&D Centre Auto News Hans | February 11, 2019 The Thailand Ministry of Science and Technology is putting in place several plans which it hopes will eventually allow Thailand to become a global ... Comments
Automakers Keen On Thai EV Tax Incentives Auto News Arvind | February 11, 2019 10:46 am Automakers are optimistic about the Thai Government’s deployment of a series of tax incentives (of up to eight years) aimed at luring companies to set up electric vehicle production within the country.Bangkok Post reports that carmakers are keen and that the incentives packages are attractive enough to draw future investments to the country.Last Friday, the Board of Investment (BoI) rolled out packages to tariff exemptions for imported production machinery, and corporate tax cuts from five to eight years for investments in full-EV, HEV, and PHEV production. This is in addition to the Finance Ministry’s excise tax cuts on imported (CBU) for full-EVs, HEVs and PHEVs.The tax promotions include measures for passenger cars, pick-up trucks, and buses, with varying incentives depending on production technology.Piengjai Kaewsuwan, vice-president of Nissan Motor Thailand added, “The BoI packages for BEVs are highly likely to attract new investment, particularly in electric batteries and motor manufacturing locally, as all of these projects are related to EVs and carmakers are now interested in making Thailand their production base.”However, she tells Bangkok Post, that tax incentives for HEVs are less attractive.Separately, an anonymous source from a car maker who spoke to Bangkok Post expressed concerns that the lack of specifics regarding battery type could lead to manufacturers settling for producing cheaper Ni-MH (Nickel-Metal Hydride) batteries, versus the newer Li-Ion (Lithium Ion) batteries, impeding the long-term growth of the technology. On the home front, the Malaysian Automotive Institute (MAI) announced yesterday, that it expects all new models to be only energy efficient vehicles (EEV) by 2025. Could the Thai Government’s well-placed tax promotions mean that Malaysia’s EEV aspirations are under threat? ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags BOI EV exemptions hybrid PHEV Tax thailand ev tax exemptions
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Petrol Prices On The Rise - Do Hybrids Make Sense? Insights Aswan | March 18, 2021 With petrol prices seeming to shoot back up as demand increases, does it make sense to pick a hybrid vehicle? Or perhaps even something fully ...
All Volvo Models From 2019 Onwards Will Be Hybrids or EVs Auto News Arvind | January 31, 2019 In a historic announcement, Volvo has announced that every model it launches from 2019 onwards will have an electric motor or some form of powertrain ...
The EV Thesaurus - All The Acronyms You Need To Know Insights Aswan | March 24, 2021 With all the acronyms being thrown around these days, we can forgive you if you can't tell your BEV from your PHEV. Gone are the days when a car ...
Thailand Aims To Become Global EV Hub, Creates EV R&D Centre Auto News Hans | February 11, 2019 The Thailand Ministry of Science and Technology is putting in place several plans which it hopes will eventually allow Thailand to become a global ...