Thailand considers tax rate for electric vehicles as part of ‘net zero’ dream

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BANGKOK (The Nation / Asia News Network): The Ministry of Finance has asked the Excise and Customs Department to come up with a tax rate for electric vehicles (EVs) soon, as part of Thailand’s dream to achieve zero emissions by 2065.

Deputy Finance Minister Santi Promphat said Prime Minister Prayut Chan-o-cha reminded world leaders at the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26) that ‘there was no “planet B”.

The prime minister also pledged that Thailand will aggressively tackle climate change and strive to achieve carbon neutrality by 2050 and net zero emissions by 2065.

Many world leaders are attending COP26, which kicked off in Glasgow, Scotland on October 31 and ends next Friday.

Santi said the relevant agencies must come up with an attractive tax rate that encourages more people to use electric vehicles and prompts investors to use Thailand as a manufacturing base.

He said that once the tax rate is set, it will be presented to the National Electric Vehicle Policy Committee for approval.

Santi added that the development of electric vehicles is important in the fight against global warming, but said the change should be done gradually because Thailand still does not have a proper network of charging stations. He added that the government should also consider consumers and manufacturers, as the full switch to electric vehicles takes time.

Instead, he said, the government should initially support the use of hybrid vehicles.

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