The EV Board has agreed in principle to a three-tier excise structure. Locally produced EVs would pay 1% to 6% depending on type, but must use Thai-made batteries or motors by 2027 and 30% local parts or 40% Thai local content by 2028. Fully imported Chinese EVs would pay the highest rate. The structure is expected to take effect in early 2027, and imported Chinese EVs under FTA still enter at 0% import duty. For auto-parts suppliers, the push for higher local content is the key point to plan around. Dealers and car-related businesses should expect price gaps between Chinese imports and locally made models to narrow, though the article says imports remain only slightly more expensive after tax.
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