Thailand to raise excise tax on imported EVs to 35 percent

Thailand automotive industry electric vehicle tax BEV REEV excise tax restructuring

The Thai government has approved a restructuring of excise taxes on imported battery-electric vehicles (BEVs) and range-extended electric vehicles (REEVs). Effective January 1, 2027, the tax rate for both vehicle types will increase to 35 percent.

Currently, imported BEVs are taxed at 10 percent and REEVs at 15 percent. Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas stated that the measure aims to protect the domestic automotive industry from intense competition, particularly from imports that do not participate in government incentive schemes.

The policy seeks to transform Thailand into a regional and global hub for green vehicle production and export. By increasing taxes on completely built-up (CBU) imports, the government intends to incentivize manufacturers to invest in local production facilities, strengthen the domestic supply chain, and increase the use of high-value-added local components.

The Federation of Thai Industries supports the move, predicting it could help the automotive industry grow by at least 7 percent, with production potentially reaching 1.55 million units. The measure is also designed to create jobs and upgrade the skills of the Thai workforce.

Entities

Ekniti Nitithanprapas · Excise Department · Federation of Thai Industries · Japan · Ministry of Finance · Ministry of Industry · Taiwan · Thailand · Varawut Silpa-archa

Claims

What the coverage asserts, and how many sources carry each claim.

[● 7 SOURCES] The new tax rate will take effect on January 1, 2027. www.naewna.com · namibiadailynews.info · www.car250.com · www.infoquest.co.th · brandinside.asia · +2 more
[● 5 SOURCES] The current excise tax for imported BEVs is 10 percent. www.naewna.com · namibiadailynews.info · www.car250.com · brandinside.asia · cafef.vn
[○ 1 SOURCE] The automotive industry employs over 800,000 people in Thailand. www.infoquest.co.th
[● 7 SOURCES] The Thai government will raise the excise tax on imported BEVs and REEVs to 35 percent. www.naewna.com · namibiadailynews.info · www.car250.com · www.infoquest.co.th · brandinside.asia · +2 more
[● 2 SOURCES] Between January and September, EV passenger vehicle sales in Thailand reached 161,532 units. cafef.vn · soha.vn
[○ 1 SOURCE] The Federation of Thai Industries expects the automotive industry to grow by at least 7 percent following the new tax structure. www.infoquest.co.th
[○ 1 SOURCE] The automotive industry accounts for 10 percent of Thailand's GDP. www.infoquest.co.th
[● 4 SOURCES] The current excise tax for imported REEVs is 15 percent. www.naewna.com · namibiadailynews.info · www.car250.com · brandinside.asia