The Thai government says components used to make vehicles capable of running on E85 will be exempt from import tariffs for three years and also plans to cut the excise duty on E85-compatible cars as it hurries to introduce the new fuel by the year’s third quarter. The excise tax for E85 vehicles will be lowered to 25% for engines smaller than 2.0L, 30% for 2.0L-2.5L and 35% for 2.5L-3.0L. Pannee Sathavarodom, director general at the Ministry of Finance’s fiscal policy office, tells ...
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