Internationally, the number of electric vehicles (EVs) is projected to rise to 35 percent of all vehicles by 2040. Thailand Announces Grand Plans To Get Electric Cars On Its Roads, https://insideevs.com/news/329636/thailand-announces-grand-plans-to-get-electric-cars-on-its-roads/, Tesla Owner: What An Honest Model Y Vs Model 3 Review Should Look Like, GMC Reveals 350-Mile Hummer Electric Pickup Truck: $79,995 To $112,595, Tesla Model Y Efficiency Proves Better Than Model 3 In Winter Testing, Tesla Model S Performance Loses To Ferrari F8 Tributo In Drag Race, Chevrolet Bolt EV Reportedly Catches Fire While Parked In Driveway. The goal for Thailand is to get 1.2 million electric vehicles on its roads within the next two decades. In Thailand, there are three HEV models that have been locally assembled in since 2009: the Toyota Camry, Nissan X-Trail, and Honda Accord. Given the world’s tightening emission standards, Thailand is keen to expand its automotive manufacturing industry to produce green vehicles. Some of the benefits available to automobile investors in the EEC include corporate income tax exemption up to 15 years; financial incentives for investment in R&D, innovation or human resources development; permit to own land used for BOI promoted projects; and facilitation of foreign workers’ visas and work permits. Besides, the government has also announced excise tax rate changes to encourage EVs. As of Sept 30, Thailand had 52 electric sedans on the road, but the government has launched a plan to boost the number of electric vehicles to 1.2 million in the next two decades. Post was not sent - check your email addresses! For other cards, please check out our Lazada shop and you will be able to pay via 0% installment plans. In this issue of ASEAN Briefing magazine, we discuss both the continuity and change in ASEAN’s tax landscape... Dezan Shira & Associates helps These include batteries, EV smart charging systems, DC/DC converters, traction motors, battery management services, inverters, portable electric vehicle chargers and electrical circuit breakers. It's really an all-encompasing program and so far some six (undisclosed) automakers have signed on to assist in getting Thailand closer to its 1.2-million goal. Over a period of 50 years, the country has developed from an assembler of auto components into a top automotive manufacturing and export hub. Both are in the same price range, but they have very different features. BMW began PHEV assembly in 2016. Save my name, email, and website in this browser for the next time I comment. Auto manufacturers and investors in Thailand can benefit immensely from the country’s free trade agreements (FTAs). Located in the three eastern provinces of Chonburi, Rayong, and Chachoengsao, the EEC framework is designed to support 10 target industries, including automobile, to promote emerging technology, innovation, and creativity within each sector through government policies and investment. Ninebot ES2 Vs ZERO 8: How do they compare. Some people look at the prices of electric scooters and say they are expensive. Toyota increased its Thai market share in 2019 to 33%, a 2.8% increase. 3, 6 and 10 month plans are available for other banks and cards. At present, Thailand has six FTAs with Australia, China, India, New Zealand, and the 10 member states of ASEAN. Powerful, st... We offer 0% interest installment plans for Kasikorn Bank and Bangkok Bank credit cards at our retail shop. The global demand for green vehicles is growing. The outlook for the domestic market is positive, largely due to the expiry of the five year lock-up period for vehicles bought under the first-time car buyer scheme in 2017, new model launches by foreign manufacturers, and increased government spending. The hybrids include electric motors and charging systems which saves fuel and load on the petrol engines. Vera. Please contact us at asia@dezshira.com or visit our website at www.dezshira.com. BMW began PHEV assembly in 2016. Bangkok Post reports that Thailand had only 52 battery electric vehicles registered nationwide as of September 30, 2016. Complete dealer information is available readily. Notify me of follow-up comments by email. Your email address will not be published. Though Thailand is moving towards production of more fuel-efficient vehicles, the popularity of EVs is still low in the country; sales of hybrid petrol-electric cars or plug-in hybrid cars in Thailand accounted for just one percent of total auto sales in 2015. ). Some of the general benefits available to foreign investors include the following. The maximum tax rate for electrified cars is 12.5 percent for vehicles emitting less than 200 g/km, down from 25 percent.
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