Thailand: Tax cut for E85 vehicles

The Thai government has approved plans to reduce the excise tax on vehicles that can operate on E85, a fuel mix of 85% ethanol, 15% gasoline, reports Dow Jones. The current rate of 25%-35% will fall to 22%-32% by 1 January 2011. The government will also cut the tariff on imported Subscribe to Automotive World … Continued

• By Webmaster
• November 29, 2010