The Thaiger
Thai motorists may get cash to scrap ageing vehicles
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Thailand’s Excise Department is seeking 6 billion baht for a pickup trade-in scheme offering 40,000 baht to eligible motorists who scrap older vehicles , aiming to reduce PM2.5 pollution and revive the struggling domestic automotive market .
Key facts
- Thailand’s Excise Department is seeking 6 billion baht for a pickup trade-in scheme offering 40,000 baht to eligible motorists who scrap older vehicles , aiming to reduce PM2.5 pollution and revive the struggling domestic automotive market
- The proposed nationwide programme would support the replacement of 150,000 ageing vehicles with new, locally manufactured pickups or pickup-based passenger vehicles (PPVs).
- For eligible electrified pickups, buyers could apply for financing through the Government Savings Bank’s soft-loan programme, with annual interest capped at 5%.
- The Excise Department estimates that the programme could reduce greenhouse gas emissions by at least 310,000 tonnes of carbon dioxide annually, while cutting PM2.5 and nitrogen oxide emissions from the replaced vehicles by at least 30%.
- According to Thansettakij, which cited a Finance Ministry source today, November 2, the department has requested funding under the government’s 2026 borrowing programme to begin implementing the scheme in 2027.
- The old vehicle must have been registered before 2012 and may be a private passenger car, a passenger vehicle carrying more than seven people or a privately registered goods vehicle.
Summary
The proposed nationwide programme would support the replacement of 150,000 ageing vehicles with new, locally manufactured pickups or pickup-based passenger vehicles (PPVs).
According to Thansettakij, which cited a Finance Ministry source today, November 2, the department has requested funding under the government’s 2026 borrowing programme to begin implementing the scheme in 2027.