Bangkok, The government has extended the 14 percent Eco Car tax cut for another two years, until the end of 2025, to support the transition to electric cars.
Reporters reported that The Cabinet meeting (Cabinet) approved the proposal of the National Electric Vehicle Policy Committee (EV Board) by extending the time to reduce excise taxes. International standard energy-saving cars (Eco Car) at the rate of 14 percent from the original 17 percent for another 2 years, originally due December 31, 2023, extended to December 31, 2025.
At the Cabinet meeting, there was an opinion to extend the time to reduce the excise tax on eco-cars. for the last time Supports the transition of technology to EV cars according to government policy. The Cabinet is also tasked with pushing for progress in the automotive technology transition. to the Ministry of Industry and related agencies Set guidelines and measures for developing eco-cars. and develop pickup trucks into the production of electric cars According to the policy of the National Electric Vehicle Policy Committee
It is acknowledged that due to the COVID-19 problem and the semiconductor shortage (Semiconductor) Impact on business operations and the shift in eco-car production to electric cars. Eco-cars are Thailand's product champions, with outstanding features including "clean, economical, safe" in line with the direction and standards of world automotive development.
Source: Thai News Agency