Deputy PM and Finance Minister Ekniti Nitithanprapas says a new excise tax incentive for EV producers is being prepared, to go to the cabinet by September 2026. It targets makers that set up local production and use domestic parts (local supply chain). Importers selling fully built cars without a Thai factory would keep paying the higher excise rate. This differs from the EV 3.5 subsidy scheme, which pays carmakers directly. Details are still under review. For a Thai SME, the signal is that local parts suppliers may gain demand, while import-dependent car dealers and parts traders face a relatively weaker position. No action is needed yet; watch for the cabinet decision.