EV registrations hit 147,571 in the first seven months of the year, but 6-month sales of 106,115 were mostly imports (over 70%). Imported EVs pay 10% excise tax versus 2% for locally assembled ones, and the auto industry association (TAIA) is pressing government for tax balance. EV parts use far fewer components than combustion vehicles, and many are imported, so suppliers should expect pressure as EV volume grows. Watch for any policy change on the excise gap; no change has been announced in this column.