Nation Thailand
Thai Excise seeks THB6bn for THB40,000 pickup trade-in grants
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◌ Single Source
The Excise Department has proposed a THB6 billion vehicle replacement scheme that would provide subsidies of THB40,000 per vehicle to encourage motorists to exchange ageing cars for new, locally manufactured pickups.
Key facts
- The proposed nationwide programme, targeting 150,000 vehicles, aims to reduce PM2.5 pollution from older engines while supporting Thailand’s struggling domestic pickup market, where tighter lending conditions have constrained sales.
- The proposal separately cites estimated medical costs and economic losses associated with premature deaths in Bangkok of THB3.78 billion, equivalent to approximately 0.065% of the capital’s gross provincial product.
- A Finance Ministry source disclosed that the department had submitted a request to use THB6 billion from the government’s borrowing programme under the 2026 Emergency Decree authorising the Ministry of Finance to borrow funds to address
- Research by Chulalongkorn University estimated the economic damage associated with PM2.5 pollution to Thai households at THB2.17 trillion in 2019
- The Excise Department has prepared a proposed disbursement schedule beginning in January 2027, with initial expenditure projected at THB136 million.
- The proposed allocation for August 2027 reaches THB751 million
Summary
The proposed nationwide programme, targeting 150,000 vehicles, aims to reduce PM2.5 pollution from older engines while supporting Thailand’s struggling domestic pickup market, where tighter lending conditions have constrained sales.
A Finance Ministry source disclosed that the department had submitted a request to use THB6 billion from the government’s borrowing programme under the 2026 Emergency Decree authorising the Ministry of Finance to borrow funds to address the energy crisis and support the country’s energy transition.