Thailand's government is discussing a tax rebate of up to 100,000 baht ($3,317 U.S. at the current exchange rate) for buyers of vehicles with engines that displace 1.5-liters or less. The move could cost the government an estimated 30 billion baht ($99.5 million U.S.), with up to 500,000 buyers possibly snatching up qualified vehicles to take advantage of the rebate.

Phongpanu Svetarundra, director general of Thailand's Excise Department, told reporters the tax refund would only apply to vehicles priced below one million baht ($33,168 U.S.). The popular Honda Brio minicar, with a base MSRP of 399,900 baht ($13,239 U.S.) and a Euro 4-compliant 1.2-liter four-cylinder i-VTEC engine, is one of countless vehicles that would quality for Thailand's proposed tax rebate. The Brio's fuel economy rating of approximately 47 miles per gallon (U.S.) and its after-credit price of around $9,917 U.S., would likely make it an attractive option to Thai citizens.

The Thai government is also subsidizing the production of cleaner vehicles within its borders, so it kind of makes sense to promote their sale as well.


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    • 1 Second Ago
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      Arun Murali
      • 3 Years Ago
      Why rebate small petrol/diesel cars? This is just going to encourage a few people who might have bought a bigger car in the bordering price range. To make things worse it will actually encourage a few people to upgrade to bigger cars, with small engines giving overall lower efficiency. These small cars are rarely greener than their larger engine'd counter parts. They could use that $1.6Bn to actually fund a few startups to develop electric cars.