Finance Ministry to Reduce Import Tariffs on Battery Electric Vehicles

[snoop1130]

 

BANGKOK (NNT) - The Ministry of Finance is moving forward with a plan to reduce import tariffs on completely built-up (CBU) battery electric vehicles (BEVs) in an effort to increase EV use in Thailand.

 

According to a publication on the Royal Gazette website, the tariff reduction measures will be in effect from May 4, 2022, to December 31, 2023.

 

Battery electric vehicles with fewer than ten seats and a purchase price of less than two million baht will now be exempt from import tariffs if the original tariff is less than 40%. Tariffs are also capped at 40% if the initial figures exceeded 40%.

 

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Meanwhile, BEVs with a battery capacity greater than 30-kilowatt hours and a price between 2 million and 7 million baht will be exempt from import tariffs if the original numbers are less than 20%, or their tariffs are capped at 20% if the original tariffs are greater than 20%.

 

The tariff reduction for the two types of EVs is one of six measures proposed by the National Electrical Vehicle Policy Board, approved by the Cabinet in April to promote both the use of EVs and EV manufacturing in Thailand.

 

Additional measures include providing subsidies to purchasers of certain EVs, lowering the excise tax on BEV motorcycles, and lowering import tariffs on certain EV components manufactured within the country.

 

-- © Copyright NNT 2022-05-05

 

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[hotchilli]

Why not drop the tariffs altogether?

[ok ok I know]

[mtls2005]

2 minutes ago, hotchilli said:

Why not drop the tariffs altogether?

This.

 

And offer rebates on EVs of up to 20%, paid out over the first two years of ownership.

 

And offer discounts on charging services and home MEA/PEA bills/rates.

 

Free/close in parking spots for EVs.

 

Free M-Flow/EasyPass/EXAT for EVs.

 

Offer company/fleet discounts of up to 50%.

 

 

This has all been done elsewhere. No need to feel like you need to invent something new.