Car excise tax overhaul
Where it stands now
Thailand plans to implement a 30% tax on imported electric vehicles to promote local manufacturing, which will increase purchase prices for all buyers. The government is also considering lowering excise taxes on all domestically built cars and raising them on imports, with details expected by year-end.
How it developed
Newest first
Thailand proposes 30% tax on imported EVs
Thailand plans to introduce a 30% excise tax on fully imported electric vehicles to push foreign automakers to build locally and use Thai parts. The policy would replace current subsidies with a three-tier tax structure favoring domestic production. A final decision is expected before end of September 2026.
Thailand to lower excise tax on locally built cars
Thailand plans to cut excise taxes for cars built domestically and raise them for fully imported models. The finance ministry aims to finalize details by September 2026 and implement the new rates before end of 2026. This may lower costs for locally assembled vehicles, including EVs and hybrids.