Thailand hikes excise tax on imported EVs to 35%
Thailand's cabinet approved raising the excise tax on fully imported battery electric vehicles to 35% from 10%, and on imported range-extended EVs to 35% from 15%, starting January. The move aims to encourage local production and investment as domestic manufacturers struggle against cheaper Chinese imports.
What this means for you
- Foreign residents and expats planning to buy a fully imported EV in Thailand will face a higher excise tax, increasing the vehicle's cost.
- The new rates take effect starting January 2027.
- Consider buying before the end of the year if you are in the market for an imported EV.
Sources
5 reports