- Sep 16, 2011
Thailand to offer $3,317 credit for purchase of vehicles with up to 1.5-liter engines
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.