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Thailand to Raise Tax on Imported EVs to 35% From 10%
Thailand will raise its excise tax on imported electric vehicles to 35% from 10%, aiming to boost local production.
Key points
- The increase responds to an influx of finished cars from China.
- The higher levy aims to spur local electric vehicle output.
- The change is likely to help Japanese manufacturers, according to the article.
Why it matters. The higher levy may push buyers and carmakers toward locally produced vehicles, and is likely to help Japanese manufacturers, the article says.
Thailand will raise its excise tax on imported electric vehicles to 35% from the current 10%, as it seeks to promote local production. The move responds to an influx of finished cars from China. The article says the higher levy is likely to help Japanese manufacturers.
Latest updates
Thailand to Raise Tax on Imported EVs to 35% From 10%
Thailand will raise its excise tax on imported electric vehicles to 35% from the current 10%, Nikkei Asia reported on November 3, 2026. The government aims to promote local production. The change responds to an influx of finished electric cars from China. Nikkei Asia said the higher levy is likely to help Japanese manufacturers in the Thai market. The move could affect pricing for imported EVs and the competitive position of Chinese brands in Thailand.