Thailand to save US$2.93 billion in switch to ethanol

 

BANGKOK ~ In a major push to encourage more motorists to switch to ethanol-based auto fuel, Thailand’s cabinet has agreed to exempt import tariffs on E85 car parts as well as lowering excise taxes for E85-fuelled cars. E85 is a blend of 85 percent ethanol and 15 per cent gasoline.
 The director-general of the Ministry of [...]