Thailand approves steep tax hikes on imported EVs

Bangkok Post · Reuters · 2026-11-03 06:44 UTC

Thailand's cabinet on Tuesday approved an excise tax increase on fully imported battery electric ‌vehicles to 35% from 10% starting January, Finance Minister Ekniti Nitithanprapas said, a move aimed at encouraging investment and local production.

Thailand's cabinet on Tuesday approved an excise tax increase on fully imported battery electric vehicles to 35% from 10% starting January, Finance Minister Ekniti Nitithanprapas said, a move aimed at encouraging investment and local production.

Excise tax on imported range-extended electric vehicles would also be increased to 35% from 15%, Mr Ekniti told a briefing.

In May, Thai auto industry groups warned the industry faced a crisis without changes to EV policy, as local manufacturers struggled to compete with cheaper imports from China.

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