Measures to help farmers such as the 1,000-baht handout and new megaprojects will help the economy next year to grow between 3% and 3.5%." The new excise tax for vehicles, due to take effect in early 2016, will also mark a turning point for the automotive industry, as the new rate will make retail prices of eco-friendly vehicles such as eco-cars and hybrids cheaper and more attractive. The new tax regime will be based on carbon dioxide emissions, E85 compatibility and fuel efficiency instead of engine size like the current tax structure. The excise tax on vehicles with carbon dioxide emissions below 100 milligrammes per kilometre will be cut from 17% to 12-14% for eco-cars. However, the 10% tax rate for hybrid vehicles will remain unchanged.