Thailand Raises Import Taxes on EVs to 35 Percent
Thailand approved an excise tax increase on fully imported battery electric vehicles to 35 percent from 10 percent starting in January. The policy aims to encourage local manufacturing and protect domestic jobs against cheaper foreign imports.
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Thailand approved an excise tax increase on fully imported electric vehicles to 35% from 10% starting January. The policy shift aims to protect local manufacturing against an influx of low-cost imports from China. The higher tariff structure arrives as alternative energy models capture majority market share in Southeast Asia's primary automotive hub.
