Thailand’s government has approved a 35% excise tax on imported electric vehicles, marking a significant shift in its automotive policy. The move aims to bolster domestic manufacturing and reduce reliance on foreign-made EVs, aligning with broader economic strategies. Industry analysts suggest the tax could impact consumer prices and market dynamics for electric vehicles in the country. The decision follows Thailand’s push to strengthen its position as a regional hub for automotive production.
Thailand approves 35% excise tax on imported EVs Just Auto
