Thai Cabinet Raises Excise Tax on Certain EV Imports to 35% From 2027
8 Articles
8 Articles
The government has restructured the excise tax on imported BEVs and REEVs to 35%, hoping to incentivize automakers to invest in Thai production, increase the use of domestically produced parts, and create fair competition.
Thailand to raise excise tax on CBU EVs to 35% from Jan 1, 2027 – move encourages investment, local production
According to a report by Bangkok Post, Thailand’s cabinet today approved an increase in the excise tax on fully-imported (CBU) electric vehicles (EVs) to 35% from 10%. The country’s finance minister, Ekniti Nitithanprapas, said this […] The post Thailand to raise excise tax on CBU EVs to 35% from Jan 1, 2027 – move encourages investment, local production appeared first on Paul Tan's Automotive News.
Ekniti revealed that the Cabinet has increased the excise tax on imported BEVs and REEVs to 35%, effective January 1, 2027, hoping to maintain domestic production base and employment. The Excise Department will also negotiate special rates for new investments. The post Cabinet approves increase in BEV and REEV import tax to 35%, effective January 1, 2027, to maintain Thai production base appeared first on Business Online Stock News.
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