Thailand is set to revamp its automotive excise tax structure to accelerate the shift towards electric vehicles (EVs), aligning with global trends. Announced by Deputy Finance Minister Paopoom Rojanasakul, the move aims to balance the country's interests in both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).

 

As competition between BEVs and PHEVs intensifies, Paopoom highlights the need for a balanced tax system that allows Thailand to remain competitive, irrespective of which technology dominates globally. "A tax that focuses solely on EVs might not be the solution," he asserts, emphasising adaptability in their approach.

 

While moving away from internal combustion engine (ICE) vehicles aligns with global efforts, the Deputy Minister advises against sudden tax changes that could destabilise Thailand’s economy and job market due to existing ICE production lines and supply chains.

 

 

In a strategic bid to establish Thailand as a Southeast Asian hub for EV and electric motorcycle production, the Cabinet approved a proposal in February 2022 to revise the automotive tax framework. Currently, ICE vehicles are taxed based on carbon emissions, with rates ranging from 20% to 35% depending on emission levels.

 

From 2026 to 2030, the new structure will incentivise low-emission vehicles, with gradual tax increases on HEVs and PHEVs, while BEVs have benefited from a 2% rate since 2022. The revised taxes reflect Thailand's commitment to staying ahead in automotive innovations and mitigating environmental impacts.

 

Overall, this change marks a significant step in Thailand's journey towards fostering a more sustainable automotive industry while maintaining economic stability.

 

File photo for reference only

 

-- 2024-11-11

 

 

1 hour ago, snoop1130 said:

aligning with global trends

No longer in the US. No EV mandates under Trump. I expect a global step back. EV 's sure seem to be going off the boil.

Just now, dinsdale said:

No longer in the US. No EV mandates under Trump. I expect a global step back. EV 's sure seem to be going off the boil.

That will be an unpleasant surprise for Elon Musk! 😉

1 minute ago, Callmeishmael said:

That will be an unpleasant surprise for Elon Musk! 😉

You are joking aren't you? 

My next car will be a normal one

18 hours ago, dinsdale said:

No longer in the US. No EV mandates under Trump. I expect a global step back. EV 's sure seem to be going off the boil.

 

Don't expect any global step back. The US is not a trendsetter anymore when it comes to passenger cars, especially EVs. The USA is a follower.

In the nine months Jan-Sep 2024 these are the new registrations by geographic area (source Rho Motion, EVs include BEVs, PHEVs, HEVs and ERVEs): 

 

1. China: 7.2 million, +35% vs 2023
2. EU & EFTA & UK: 2.2 million -4%
3. USA & Canada: 1.3 million, +10%
4. Rest of World: 0.9 million, +25%

 

The US is already trailing behind in electrification, and things may only get worse under the Trump administration.

Europe is having a bad year because of EVs government incentive cancellations (especially Germany), but it is on a solid recovery path compared to the first months of this year (see chart below).

 

China is the world's largest passenger car market by far, projected to absorb 26.8 million passenger cars in 2024. USA are projected to absorb 15.9 million units (including pick-up trucks). The EU is the world's third largest market with total sales of passenger cars projected to reach 10.7 million cars in 2024 (excluding UK, and EFTA non-EU countries).

Thailand is aligning itself especially to China, where hybrids in all their forms (HEVs, PHEVs and EREVs) are increasingly popular, at the expenses of all other forms of powertrains.

 

Cobalt mining in the Congo Africa, slave labourers earning a pittance every day so western snobs can drive EV's around saying I'm going green via my Earth friendly battery driven car...

Where do you think the minerals for the batteries come from?.

 

1 hour ago, AndreasHG said:

 

Don't expect any global step back. The US is not a trendsetter anymore when it comes to passenger cars, especially EVs. The USA is a follower.

In the nine months Jan-Sep 2024 these are the new registrations by geographic area (source Rho Motion, EVs include BEVs, PHEVs, HEVs and ERVEs): 

 

1. China: 7.2 million, +35% vs 2023
2. EU & EFTA & UK: 2.2 million -4%
3. USA & Canada: 1.3 million, +10%
4. Rest of World: 0.9 million, +25%

 

The US is already trailing behind in electrification, and things may only get worse under the Trump administration.

Europe is having a bad year because of EVs government incentive cancellations (especially Germany), but it is on a solid recovery path compared to the first months of this year (see chart below).

 

China is the world's largest passenger car market by far, projected to absorb 26.8 million passenger cars in 2024. USA are projected to absorb 15.9 million units (including pick-up trucks). The EU is the world's third largest market with total sales of passenger cars projected to reach 10.7 million cars in 2024 (excluding UK, and EFTA non-EU countries).

Thailand is aligning itself especially to China, where hybrids in all their forms (HEVs, PHEVs and EREVs) are increasingly popular, at the expenses of all other forms of powertrains.

 

 

BS.....EV sales are falling off a cliff.....Because people a waking up and realizing they are junk...

Take away the government hand outs and the Chinese dumping of EVs on any country that will accept them and demand will fall off the face of a cliff.  

 

We'll burn coal and natural gas to create electricity to charge our "eco friendly" cars 555.  It would be cool to see EV owners' kids and grandchildren in the cobalt mines with the African kids. Maybe the Africans could wield the whip for a change.  Getting the French out of the "dark continent " might help. 

21 hours ago, dinsdale said:

No EV mandates under Trump

There haven't been any mandates. There have been incentives but they're not mandatory.

42 minutes ago, Srikcir said:

There haven't been any mandates. There have been incentives but they're not mandatory.

Toyota says California-led EV mandates are ‘impossible’ as states fall short of goal

DETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year are “impossible” to meet and, if they’re not changed, will lead to less customer choice in several states.

The EV mandates are part of CARB’s Advanced Clean Cars regulations that require 100% of new vehicle sales in the state of California to be zero-emission models by 2035.

https://www.cnbc.com/2024/11/08/toyota-california-ev-mandates-impossible.html#:~:text=The EV mandates are part,zero-emission models by 2035.&text=J.D. Power said no states,mandate as of this year.

3 hours ago, hotchilli said:

Cobalt mining in the Congo Africa, slave labourers earning a pittance every day so western snobs can drive EV's around saying I'm going green via my Earth friendly battery driven car...

Where do you think the minerals for the batteries come from?.

 

Most EV’s have no Cobalt. Cobalt is used in making petrol.

 

3 hours ago, redwood1 said:

 

BS.....EV sales are falling off a cliff.....Because people a waking up and realizing they are junk...

Did you read the posts above yours? Evidently not, EV sales are up substantially.

 

You can have your own opinions but not your own facts.

2 hours ago, dinsdale said:

California-led electric vehicle mandates

I was referring to no Federal mandates as Trump claimed. Of course states are independent to make such mandates but they are unenforceable - more a goal towards environmental objectives.

1 hour ago, JBChiangRai said:

Most EV’s have no Cobalt. Cobalt is used in making petrol.

 

Did you read the posts above yours? Evidently not, EV sales are up substantially.

 

You can have your own opinions but not your own facts.

 

Just making it up as you go?

On 11/11/2024 at 6:51 PM, dinsdale said:

No longer in the US. No EV mandates under Trump. I expect a global step back. EV 's sure seem to be going off the boil.

Trump just got bankrolled by Musk.

 

Musk wants big tariffs on Chinese EVs to make Teslas more competitive. They were outsold in the last quarter byBYD.

 

I expect more to help his African friend.

 

 

On 11/11/2024 at 5:46 PM, snoop1130 said:

In a strategic bid to establish Thailand as a Southeast Asian hub for EV and electric motorcycle production

 

Aaaaaaaaaaaaaaaaaaaaand there it is.

 

It's not a day ending in "Y" if Thailand doesn't announce yet another hub of hubbiness.

 

Hubbing!

59 minutes ago, MalcolmB said:

Musk wants big tariffs on Chinese EVs to make Teslas more competitive. They were outsold in the last quarter byBYD.

 

Half of all Teslas are made in China.

 

The Shanghai factory consistently builds more EVs than the three other sites—California, Texas, and Germany—combined.

https://insideevs.com/news/715427/tesla-ev-production-shanghai-vs-global/

6 hours ago, hotchilli said:

Cobalt mining in the Congo Africa, slave labourers earning a pittance every day so western snobs can drive EV's around saying I'm going green via my Earth friendly battery driven car...

Where do you think the minerals for the batteries come from?.

 

 

Cobalt goes in US-sourced batteries.

China Tesla uses different batteries.

 

While the cars look identical to those still made in America, there is one key difference: the batteries.

Chinese Model 3s use lithium-iron phosphate (or lithium ferro phosphate/LFP) batteries instead of the previous lithium nickel cobalt aluminium oxide (NCA) batteries.

https://evcentral.com.au/teslas-made-in-china-versus-the-usa-whats-the-difference-the-ultimate-model-3-sr-comparison-test/

1 hour ago, Bobthegimp said:

 

Just making it up as you go?

Most EV’s (60%) don’t have lithium ion batteries.

 

Do more research next time instead of making a fool of yourself.

 

I won’t tell you what they do have, you can do that research yourself.

6 hours ago, redwood1 said:

 

BS.....EV sales are falling off a cliff.....Because people a waking up and realizing they are junk...

Any data supporting your statement or it's just your imagination? 

EVs suit effeminate men. Add Woke And Dei.

3 hours ago, JBChiangRai said:

Most EV’s have no Cobalt. Cobalt is used in making petrol.

 

Did you read the posts above yours? Evidently not, EV sales are up substantially.

 

You can have your own opinions but not your own facts.

I think you will find you are wrong. Cobalt is a primary component of most EV batteries.

• Lithium

  A key component of EV batteries. New technologies are being developed to extract lithium more sustainably. 

   

   

   
• Cobalt

  A primary component of lithium-ion batteries, which are commonly used in EVs. However, cobalt extraction can be damaging to the environment and linked to socio-economic issues. 

   

   

   
• Nickel

  Used in the cathodes, or negatively charged parts, of EV batteries. Nickel is ideal for higher-power batteries. 

   

   

   
• Manganese

  An essential metal for manufacturing EV batteries. 

   

   

   
• Graphite

  An essential ingredient in EV battery anodes, which are terminals inside a rechargeable cell. Battery makers can use natural graphite or synthetic material, which is more expensive but lasts longer. 

   

   

   
• Lithium iron phosphate

  A material that's gaining traction as the EV battery material of choice as the auto industry works to produce more affordable electric vehicles

10 hours ago, Jaggg88 said:

I think you will find you are wrong. Cobalt is a primary component of most EV batteries.

• Lithium

  A key component of EV batteries. New technologies are being developed to extract lithium more sustainably. 

   

   

   
• Cobalt

  A primary component of lithium-ion batteries, which are commonly used in EVs. However, cobalt extraction can be damaging to the environment and linked to socio-economic issues. 

   

   

   
• Nickel

  Used in the cathodes, or negatively charged parts, of EV batteries. Nickel is ideal for higher-power batteries. 

   

   

   
• Manganese

  An essential metal for manufacturing EV batteries. 

   

   

   
• Graphite

  An essential ingredient in EV battery anodes, which are terminals inside a rechargeable cell. Battery makers can use natural graphite or synthetic material, which is more expensive but lasts longer. 

   

   

   
• Lithium iron phosphate

  A material that's gaining traction as the EV battery material of choice as the auto industry works to produce more affordable electric vehicles

Most EV batteries (60%) contain no Cobalt, because they don’t use Lithium Ion batteries.

 

We have 2 EV’s (we had 3 in the last 12 months) none of them contained Cobalt.

 

The best selling EV’s in Thailand are BYD (we have one) they contain no Cobalt.

 

You need to understand battery chemistry. 60% of EV’s use LFP batteries that contain no Cobalt. Only NMC batteries contain Cobalt and they are increasingly in the minority.

18 hours ago, redwood1 said:

 

BS.....EV sales are falling off a cliff.....Because people a waking up and realizing they are junk...

How does someone who hasn’t bought an EV realise that they are junk?

 

 I can tell you from personal experience that a well made EV is far superior to its ICE counterpart. Better performance and cheaper to maintain and operate. And before you say it, range anxiety exists only in the minds of non EV owners.

11 hours ago, MartinBangkok said:

EVs suit effeminate men. Add Woke And Dei.

EVs suit most people. I average 100 km per day in my EV. My other car hardly get driven except when I need to “use” the petrol to stop it going stale.

12 hours ago, MartinBangkok said:

EVs suit effeminate men. Add Woke And Dei.

 

I agree I think men that drive EVs are also fond of dressing in womens clothing,are into fashion,and makeup ......

 

ICE drivers who are men work out at the gym, drink beer, shoot guns, chop wood, watch football etc

15 minutes ago, redwood1 said:

 

I agree I think men that drive EVs are also fond of dressing in womens clothing,are into fashion,and makeup ......

 

ICE drivers who are men work out at the gym, drink beer, shoot guns, chop wood, watch football etc

 

What a fine upstanding example of the human race you are. 

 

Your fanciful facts shine like a beacon in a sea of idiocy.

7 hours ago, redwood1 said:

 

I agree I think men that drive EVs are also fond of dressing in womens clothing,are into fashion,and makeup ......

 

ICE drivers who are men work out at the gym, drink beer, shoot guns, chop wood, watch football etc

men work out at the gym, drink beer, shoot guns, chop wood, watch football etc

 

Sounds like your typical knuckle dragger…

On 11/12/2024 at 8:17 PM, NoDisplayName said:

 

Aaaaaaaaaaaaaaaaaaaaand there it is.

 

It's not a day ending in "Y" if Thailand doesn't announce yet another hub of hubbiness.

 

Hubbing!

 

Pattaya is certainly a hub for speed bumps! The Thais just love them. They drive like bloody turtles to begin with so I've got not idea why they add speed bumps to severely rutted roads. 

On 11/13/2024 at 9:45 AM, redwood1 said:

 

I agree I think men that drive EVs are also fond of dressing in womens clothing,are into fashion,and makeup ......

 

ICE drivers who are men work out at the gym, drink beer, shoot guns, chop wood, watch football etc

 

Best post this week.