TAXBackground
Thailand plans higher taxes on imported EVs, cuts for local ones
Thailand's Finance Minister Ekniti has ordered an accelerated overhaul of vehicle taxes to favor locally manufactured EVs over imports. Higher taxes on imported EVs and reductions for domestically produced ones aim to protect Thai factories as Chinese EV brands capture 32% of new registrations and only 45% of vehicles sold are made in Thailand. The review is to be completed by September 2026.
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