Industry groups are asking the government to set the highest excise rate on fully imported EVs, after Finance Minister Ekniti said a 30% rate is under consideration. The final rate needs cabinet approval. The EV Board has approved a three-tier structure: lower rates for locally made or locally sourced EVs, a higher rate for vehicles assembled in Thailand from imported parts, and the highest for fully imported EVs. The Excise Department will set the Tier 3 rate first and give importers a transition period. The EV3.5 incentive expires next year. If you supply auto parts, sell or service EVs, or import them, check which tier applies and watch for the cabinet decision.
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