From Nikkei Asia · · 40s
Thailand raises EV tax to 35% to boost local production
Thailand hikes imported EV tax to 35% as Chinese brands surge.
In brief
Thailand hikes imported EV tax to 35% as Chinese brands surge. Thailand increases excise tax on imported electric vehicles to 35% to encourage domestic manufacturing amid rising Chinese competition. Originally reported by Nikkei Asia.
Thailand raises EV tax
Thailand will increase excise tax on imported electric vehicles to 35% from 10% to spur local output.
Chinese brands gain ground
Chinese electric vehicle brands are increasing their presence in Thailand's market.
Local production target
Thailand aims to boost domestic electric vehicle manufacturing to counter Chinese competition.
The bottom line
Thailand increases excise tax on imported electric vehicles to 35% to encourage domestic manufacturing amid rising Chinese competition.
