Thailand Sets Out Three-Tier EV Excise Tax Based on Local Investment
The new regime sets higher taxes for imported EVs and lower rates for local production as Thailand seeks to boost domestic manufacturing.
6 Articles
6 Articles
Thailand Moves to Tax Imported EVs More Than Local Models
Thailand is considering higher taxes on imported electric vehicles after a surge of low-priced Chinese models intensified competition and put pressure on the country’s vast domestic auto-manufacturing industry.
The EV board has approved the principle of restructuring the excise tax on electric vehicles, based on the concept of "generating more benefit to the country, paying less tax." Imported EVs without factories in Thailand are set to face higher taxes.
The EV Board has approved the principle of restructuring the excise tax on electric vehicles, emphasizing a policy of determining rates based on the level of investment, production, and use of domestically produced parts. This comes after xEV registrations accounted for 55% of total registrations, with Japanese automakers accelerating investment exceeding 50 billion baht. The post “EV Board” approves principle of electric vehicle tax adjustment,…
The EV board approved the principle of restructuring the excise tax on electric vehicles, emphasizing the concept of "adjusting taxes based on national benefits" to promote domestic production and the use of components. It revealed that electric vehicles account for over 50% of new vehicle registrations, while investment promotion in the electric vehicle industry has exceeded 1 million... (Read original news: EV board approves EV tax restructuri…
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