Thai incentives for hybrids, PHEVs, EVs include tax holidays – excise tax for imported green cars slashed

 

Late last month, Thailand’s Board of Investment (BoI) approved promotional privileges for manufacturers of green cars including hybrids, plug-in hybrids (PHEVs) and full electric vehicles (EVs). The carrot includes tax holidays of five to eight years, with the intention to make the “Detroit of the East” – big in pick-up truck and small car production – a hub for future green cars.

 

Passenger cars, pick-up trucks and buses are eligible, with different levels of privilege dished out according to the level of technology, Bangkok Post reports.

Makers of hybrids are entitled to a tariff exemption for imported machinery, while PHEV investment is eligible for a corporate income tax exemption for three years and import tariff exemptions on machinery. PHEV investors who manufacture more than one key EV part will be entitled to an additional year of corporate income tax exemption per piece, but the combined tax exemptions cannot exceed six years.

 

Read the full story from Paultan.org here.

 

A carrot, let's wait and see.........

I dont think anyone would want to be Detroit of the East looking at the deserted Vehicle Factories n Houses there.

More smoke and mirrors. When all costs tallied, hybrids and EV's - over the course of their lives, are a net energy loser.