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  3. Thailand plans to swap EV subsidies for import taxes to defend its production base

DIGITIMES

Thailand plans to swap EV subsidies for import taxes to defend its production base

Thailand is preparing to abandon the subsidy-led policy that made it Southeast Asia's fastest-growing electric vehicle market, replacing it with a tax structure built to penalize carmakers that import rather than build. Finance Minister Ekniti Nitithanprapas said the excise tax on fully imported EVs could rise to around 30%, from 10% today — the first time the government has attached a number to the levy.

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By DIGITIMES

19 September 2026|1 min read
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Semiconductors & Microelectronics
Thailand plans to swap EV subsidies for import taxes to defend its production base
Thailand plans to swap EV subsidies for import taxes to defend its production base
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Industry Events

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