webfact Posted August 27, 2020 Share Posted August 27, 2020 Huge tax breaks to push switch from old cars to new and EV Bt The Nation Industry Minister Suriya Juangroongruangkit The government will offer tax incentives for individuals and companies to exchange their old cars for new cars or electric vehicles, Industry Minister Suriya Juangroongruangkit told the “New Generation of Automotives” seminar hosted by Krungthep Turakij newspaper on Thursday. The scheme will apply to used cars 15 years old or older and will boost sales of new cars and e-vehicles, he said. The ministry also aims to recycle the used cars. The government will offer income tax deductions of up to Bt100,000 for companies and individuals who join the scheme, which will be proposed for Cabinet approval in the next two or three months. The tax break will be offered for five years, said Suriya, adding that he will finalise details of the tax package with Finance Minister Predee Daochai soon. “The government may lose some tax revenue [due to the scheme], but in return we will cut PM2.5 air pollution and boost car sales that have been badly hit by Covid-19. It will also boost the adoption of electric cars,” he said. The tax break would not immediately boost demand for e-cars, since their price is currently higher than combustion-engine cars, Suriya said. But once prices dropped to the same level, it will help tip the balance in favour of e-cars. Countries in Europe have offered similar incentives for consumers to switch to electric cars. Source: https://www.nationthailand.com/business/30393629 -- © Copyright The Nation Thailand 2020-08-28 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 1 1 Link to comment Share on other sites More sharing options...
Popular Post sammieuk1 Posted August 27, 2020 Popular Post Share Posted August 27, 2020 If you want to reduce PM2.5 stop burning everything in sight and forget your schemes ???? 17 1 Link to comment Share on other sites More sharing options...
Popular Post englishoak Posted August 27, 2020 Popular Post Share Posted August 27, 2020 Wheres the charging infrastructure coming from ? how do you charge a car from a condo, elastic cable ? ridiculous article. 8 4 Link to comment Share on other sites More sharing options...
Popular Post Orac Posted August 27, 2020 Popular Post Share Posted August 27, 2020 Curious to know how many people who are registered and paying income tax are driving around in cars that are over 15 years old. 18 4 Link to comment Share on other sites More sharing options...
tonray Posted August 28, 2020 Share Posted August 28, 2020 3 hours ago, englishoak said: Wheres the charging infrastructure coming from ? how do you charge a car from a condo, elastic cable ? ridiculous article. You would need to build charging station into parking deck and then prorate it as a common fee for those who park their cars there Link to comment Share on other sites More sharing options...
Popular Post tonray Posted August 28, 2020 Popular Post Share Posted August 28, 2020 15 minutes ago, Orac said: Curious to know how many people who are registered and paying income tax are driving around in cars that are over 15 years old. I told my GF help is on the way....she just needs to keep her car on the road for another 7 years and then we can head down for the red Mazda she drools over. 4 5 Link to comment Share on other sites More sharing options...
Popular Post ezzra Posted August 28, 2020 Popular Post Share Posted August 28, 2020 3 hours ago, englishoak said: Wheres the charging infrastructure coming from ? how do you charge a car from a condo, elastic cable ? ridiculous article. The usual half baked, harebrain ideas that are part fantasy and part pipe dreams together up there with buying half dozen submarine... 3 1 1 Link to comment Share on other sites More sharing options...
Popular Post Petrus Posted August 28, 2020 Popular Post Share Posted August 28, 2020 24 minutes ago, Orac said: Curious to know how many people who are registered and paying income tax are driving around in cars that are over 15 years old. Government has just boosted the used car market for 15 year old cars as they are now worth 100K more to some people 4 2 Link to comment Share on other sites More sharing options...
JusticeGB Posted August 28, 2020 Share Posted August 28, 2020 Very few people pay even 20% tax so the subsidy will be 20,000 baht per car. Hardly earth shattering. 2 1 Link to comment Share on other sites More sharing options...
Popular Post mr mr Posted August 28, 2020 Popular Post Share Posted August 28, 2020 4 hours ago, webfact said: we will cut PM2.5 air pollution no you won't. 6 2 Link to comment Share on other sites More sharing options...
hotchilli Posted August 28, 2020 Share Posted August 28, 2020 5 hours ago, webfact said: The government will offer income tax deductions of up to Bt100,000 for companies and individuals who join the scheme, which will be proposed for Cabinet approval in the next two or three months. Lets see some evidence of the national recharging facilities to individuals before asking them to go buy an electric car. 1 1 Link to comment Share on other sites More sharing options...
kiwisteve Posted August 28, 2020 Share Posted August 28, 2020 Mr Minister Suriya Your having a laugh he knows the Thai Bart is that high it’s not funny The generals put him in such a position he couldn’t sell his stockpiled cars even if he wanted to and this is the brainwave that they have come up with millions Of cars stockpiled photos of it just a couple of days ago in the newspaper they can’t sell the Thai Bart is so over the top it’s not funny and now he’s having a laugh saying he’s given you a tax break what do you think the farmer thinks about that out in the middle of nowhere don’t even pay tax or plug electric car in for God sake that mighty leader of yours is making you look absolutely stupid you went to university all these years for that 2 Link to comment Share on other sites More sharing options...
Popular Post madmitch Posted August 28, 2020 Popular Post Share Posted August 28, 2020 6 minutes ago, kiwisteve said: Mr Minister Suriya Your having a laugh he knows the Thai Bart is that high it’s not funny The generals put him in such a position he couldn’t sell his stockpiled cars even if he wanted to and this is the brainwave that they have come up with millions Of cars stockpiled photos of it just a couple of days ago in the newspaper they can’t sell the Thai Bart is so over the top it’s not funny and now he’s having a laugh saying he’s given you a tax break what do you think the farmer thinks about that out in the middle of nowhere don’t even pay tax or plug electric car in for God sake that mighty leader of yours is making you look absolutely stupid you went to university all these years for that Thai Bart 9 Link to comment Share on other sites More sharing options...
Grumpy John Posted August 28, 2020 Share Posted August 28, 2020 So, what about those such as myself who are retired but could buy a new car if we so choose...no tax cut for us! Anyway I wouldn't buy with the Aussie scholar only bringing 22 baht. ???? Link to comment Share on other sites More sharing options...
wwest5829 Posted August 28, 2020 Share Posted August 28, 2020 While my 2002 Honda C-RV continues to run fine and has always been well maintained. I'll be listening to any financial help to own a car within a decade of the present year! Like lottery tickets, I won't hold my breath ... 1 Link to comment Share on other sites More sharing options...
Postmaster Posted August 28, 2020 Share Posted August 28, 2020 Electric Car Charging points in Condo parking lots, many of which are sheltered, is feasible. We are already getting odd requests in our Condo Block for a couple of charging points to be installed in the upper covered parking lot. Link to comment Share on other sites More sharing options...
Dap Posted August 28, 2020 Share Posted August 28, 2020 It doesn't matter that regular folk are hard pressed to keep their heads above water, the car companies (along w/ the rest) will continue to paint the rosiest of pictures, knowing that most will default. The get what you can "outta' them til there is no more" will always persist. Link to comment Share on other sites More sharing options...
Isaan sailor Posted August 28, 2020 Share Posted August 28, 2020 This begs the question: how many Thai driving a 15-year old vehicle, has the ability to buy a new replacement vehicle today? 1 1 Link to comment Share on other sites More sharing options...
DaRoadrunner Posted August 28, 2020 Share Posted August 28, 2020 10 hours ago, englishoak said: Wheres the charging infrastructure coming from ? how do you charge a car from a condo, elastic cable ? ridiculous article. Trusted Thailand, Farang are only allowed to buy condos, yet they expect us to buy an electric car that we cannot even plug in! Link to comment Share on other sites More sharing options...
Susco Posted August 28, 2020 Share Posted August 28, 2020 (edited) 5 hours ago, kiwisteve said: Mr Minister Suriya Your having a laugh he knows the Thai Bart is that high it’s not funny The generals put him in such a position he couldn’t sell his stockpiled cars even if he wanted to and this is the brainwave that they have come up with millions Of cars stockpiled photos of it just a couple of days ago in the newspaper they can’t sell the Thai Bart is so over the top it’s not funny I fail to understand how the value of the Thai Baht has any influence when selling Thai built cars to Thai people. By the way, could please share those pictures of millions of new cars stock piled in Thailand? Edited August 28, 2020 by Susco Link to comment Share on other sites More sharing options...
DrTuner Posted August 28, 2020 Share Posted August 28, 2020 The car taxes in Thailand are ridicilous, cut them to 10% to start with. 1 Link to comment Share on other sites More sharing options...
Redline Posted August 28, 2020 Share Posted August 28, 2020 (edited) 11 hours ago, englishoak said: Wheres the charging infrastructure coming from ? how do you charge a car from a condo, elastic cable ? ridiculous article. 11 hours ago, englishoak said: Wheres the charging infrastructure coming from ? how do you charge a car from a condo, elastic cable ? ridiculous article. There are many more that you think, and PTT announced before that they would be placing them at every location in the future https://www.nationthailand.com/auto/30372650 http://www.evat.or.th/ Edited August 28, 2020 by Redline Link to comment Share on other sites More sharing options...
Redline Posted August 28, 2020 Share Posted August 28, 2020 6 hours ago, hotchilli said: Lets see some evidence of the national recharging facilities to individuals before asking them to go buy an electric car. https://www.nationthailand.com/auto/30372650 Much more to be done http://www.evat.or.th/ Link to comment Share on other sites More sharing options...
connda Posted August 28, 2020 Share Posted August 28, 2020 13 hours ago, webfact said: The government will offer tax incentives for individuals and companies to exchange their old cars for new cars or electric vehicles Targeting the rich again. Link to comment Share on other sites More sharing options...
Artisi Posted August 28, 2020 Share Posted August 28, 2020 Electric cars are a major con anyway, people need to do some research on the sourcing of the raw materials for the battery manufacture, the manufacture of the batteries, and the disposal of them at end of life, as well as the building of and running additional power generation and the reticulation of this power throughout the country. 1 Link to comment Share on other sites More sharing options...
DrTuner Posted August 28, 2020 Share Posted August 28, 2020 3 hours ago, Redline said: There are many more that you think, and PTT announced before that they would be placing them at every location in the future https://www.nationthailand.com/auto/30372650 http://www.evat.or.th/ I just had electric outage from 8 to 5pm. I think I'll hold buying an electric car here for .. all eternity. A Benz 300D from 1972 is the perfect car for Thai infrastructure. 1 Link to comment Share on other sites More sharing options...
wotsdermatter Posted August 28, 2020 Share Posted August 28, 2020 10 hours ago, kiwisteve said: Thai Bart is that high it’s not funny Who is this character and what is he high on? 9 hours ago, Grumpy John said: I wouldn't buy with the Aussie scholar What is the Aussie scholar, a student from Australia living and attending school in Thailand? 'nuf sed. Link to comment Share on other sites More sharing options...
Artisi Posted August 28, 2020 Share Posted August 28, 2020 5 hours ago, Susco said: I fail to understand how the value of the Thai Baht has any influence when selling Thai built cars to Thai people. By the way, could please share those pictures of millions of new cars stock piled in Thailand? Does ever Thai buy a Thai built car, wouldn't think so? Link to comment Share on other sites More sharing options...
Susco Posted August 28, 2020 Share Posted August 28, 2020 (edited) 5 minutes ago, Artisi said: Does ever Thai buy a Thai built car, wouldn't think so? Don't know, but to me a Toyota built by Thais in a factory in Thailand, sound like a Thai built car. And I'm sure that the majority of Thais buys cars that are built in Thailand. But the poster, to which I initially replied, was most likely confused about the importance of the foreigner in this story. Edited August 28, 2020 by Susco Link to comment Share on other sites More sharing options...
Susco Posted August 28, 2020 Share Posted August 28, 2020 3 hours ago, connda said: Targeting the rich again. You are right of course, but I guess it doesn't make much sense to target those that don't pay tax with tax cuts Link to comment Share on other sites More sharing options...
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