The EV board approved in principle a restructuring of the EV excise tax, linking tax rates to investment, local production and local parts use. Importers without a Thai factory will face higher rates, while makers with local plants get lower rates on high local-content models. Imports for market trials will be capped in volume. Details and rates are not yet set; the board also assigned the Finance Ministry to study incentives for commercial EVs and electric motorcycles. If you sell, service or supply parts for EVs, watch for the final rate schedule and plan pricing and sourcing around it.
← Back to all articles