Thailand plans to raise excise tax on fully imported EVs to at least 30% Thailand’s Finance Ministry plans to seek Cabinet approval within two weeks to raise excise tax on fully imported electric vehicles with no Thai-made components from 10% to at least 30%, according to news reports. The change is expected to take effect on January 1, 2027. The proposal aims to protect automakers that have invested in Thai factories and encourage companies relying on imports to manufacture locally. The reports estimates the increase could add at least 200,000 baht to the price of a 1-million-baht vehicle. The proposed structure would have three tiers: the lowest rate for manufacturers meeting full local-content requirements, a middle rate for local factories heavily dependent on imported parts, and the highest rate for fully imported vehicles from companies without Thai factories. Revised local-content rules would emphasize high-tech components. The ministry also plans to base future vehicle excise rates on carbon dioxide emissions rather than powertrain technology. Lower-emission vehicles would receive lower rates as Thailand seeks to strengthen domestic production and retain its position as a regional automotive hub. #Thailand #EV #EVs