The EV policy board approved in principle a restructuring of the car excise tax to reward real investment and local production, and to link large automakers to SME parts suppliers. The Excise Department will draft details before going to cabinet, so nothing is in force yet. Auto-parts SMEs should watch for the draft and consider whether they can supply local content. The FTI says the sector has over 2,500 firms and supports more than 800,000 jobs. The EV registration share is 55% of new cars in the first seven months of 2026, so the mix is shifting.