Thai cabinet exempts locally-assembled and produced EVs from customs duties

[snoop1130]

 

The electric vehicle industry in Thailand was given a shot in the arm today (Tuesday) when the cabinet decided to exempt from customs duties battery electric vehicles (BEVs), which are locally assembled or produced in a (tax) Free Zone as defined in the law on industrial estates.

 

The duty exemption is for this year, after the issuance of a regulation on the exemption, until December 31st, 2025. The exemption applies to sedans, passenger cars (which can accommodate up to 10 people) and pickup trucks.

 

BEVs must meet conditions, such as the value of battery cells imported to produce batteries for installation in the BEVs which, when included in the production cost, must not exceed 15% of the ex-factory prices of the BEVs, to be eligible for the exemption.

 

Full Story: https://www.thaipbsworld.com/thai-cabinet-exempts-locally-assembled-and-produced-evs-from-customs-duties/

 

-- © Copyright Thai PBS 2022-07-26

 

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[CLW]

Does this mean soon foreign EV brands such as mercedes are much cheaper here?

Afaik they have an assembly for CKD kits in Thailand, same with BMW

[LukKrueng]

I'll consider ev's when the traveling distance matches my ice's traveling distance (700-850 km depending on how I drive), when the "refilling" time is about the same (10-15 minutes), and the price is about the same.

[CLW]

5 hours ago, LukKrueng said:

I'll consider ev's when the traveling distance matches my ice's traveling distance (700-850 km depending on how I drive), when the "refilling" time is about the same (10-15 minutes), and the price is about the same.

Wow, you must be a superhuman driver. Given the average speed on Thai roads, you'll be about 12 hours driving without any stop to refill, toilet break or stretch your body. Besides that taking no breaks will decrease your attention and increase the danger of an accident. 

Don't forget the difference between running costs of ICE and EVs. But I guess you know this already.....