BMW reaffirmed its position on the implementation of a carbon dioxide (CO2) emission-based excise tax rate for vehicles to enable Thailand's automobile industry to achieve sustainable development and set a precedent for global environmental concerns.
Thailand's current excise tax system for vehicles is calculated based on engine size and horsepower. BMW said engine displacement and horsepower are not indicators of an environmentally friendly vehicle as opposed to the level of CO2 emissions.
Thai governments have discussed BMW's policy for many years, said Ronald Gentsch, managing director for vehicle distribution at BMW AG and honorary investment adviser at the BoI Fair 2011.
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