Thailand Eyes 30% Excise Tax on Imported Electric Vehicles – Report
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The government is preparing to announce an increase in the excise tax rate for 100% electric vehicles (EVs) that are imported as complete units (CBU) to approximately 30% (from the current rate of around 10%).
Thailand eyes 30% excise tax on imported electric vehicles – report
Thailand remains Southeast Asia’s largest vehicle production hub, supported over many years by Japanese investment and a broad supplier base. Credit: artem evdokimov / Shutterstock.com Thailand is likely to introduce an excise tax of about 30% on fully imported electric vehicles (EVs) as it seeks to encourage carmakers to manufacture locally. Speaking to Bloomberg Television, [...]
The Deputy Prime Minister and Minister of Finance revealed to foreign media that Thailand may impose an excise tax of around 30% on fully imported electric vehicles (EVs). Deputy Prime Minister and Minister of Finance, Ekniti Nitithanprapas, disclosed that Thailand may set an excise tax rate for… (Read original news: ‘Ekniti’ reveals to foreign media that Thailand may impose an excise tax of around 30% on fully imported EVs)
Ekaniti revealed that the Ministry of Finance is considering imposing an excise tax of approximately 30% on imported electric vehicles (EVs), hoping to incentivize foreign car manufacturers to establish production bases in Thailand. Discussions with the industry are underway to determine the appropriate rate, with a clear conclusion expected by September 2026. The post “Ekaniti” hints at 30% EV import tax, urgently discussing with private sector…
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