From Nikkei Asia · · 40s
Thailand raises EV tax to 35% as Chinese brands gain ground
Thailand hikes EV import tax to 35% to boost local production amid Chinese competition.
In brief
Thailand hikes EV import tax to 35% to boost local production amid Chinese competition. Thailand increases import tax on electric vehicles to 35% to encourage domestic manufacturing as Chinese brands expand market share. Originally reported by Nikkei Asia.
Thailand raises EV import tax
Thailand will increase excise tax on imported electric vehicles to 35% from current 10% to promote local manufacturing.
Chinese brands gain market ground
Chinese electric vehicle brands are expanding their presence in Thailand, prompting the tax hike to encourage domestic production.
Tax aims to boost local output
The higher tax rate is expected to help Japanese manufacturers by increasing local electric vehicle production.
The key point
Thailand increases import tax on electric vehicles to 35% to encourage domestic manufacturing as Chinese brands expand market share.
