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Thailand raises tax on fully imported EVs to 35%

Original: Thailand raises tax on fully imported EVs to 35%, finance minister says

Thailand has raised the import tax on fully imported electric vehicles to 35%, according to the country's finance minister. The move affects EVs shipped into Thailand complete from abroad, and is likely aimed at encouraging manufacturers to build cars locally, where lower tariff rates apply. The decision is drawing attention from automakers and industry watchers given Thailand's role as a major regional auto production and export hub.

Why now: The tax change affects global EV makers' pricing and investment strategies in a key Southeast Asian auto market.

ThailandThailand finance ministryelectric vehicle manufacturers

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• Thailand raises tax on fully imported EVs to 35%, finance minister says · Reuters

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