Sweeping excise tax cuts for hybrid electric and electric powered cars

The Finance Ministry has announced sweeping excise tax cuts for hybrid electric vehicles and electric powered vehicles effective as of the announcement is published in the Royal Gazette until December 31, 2025.

The excise tax cuts are designed to promote the development and production of hybrid electric and electric powered cars in Thailand which will hopefully boost the economy.

Full story: thaipbs.or.th

Thai PBS