Thailand's EV Board has approved a three-tier excise tax structure designed to incentivize domestic EV production and discourage imports. Domestically produced EVs face 2-8% tax (depending on local content and investment promotion), while imported EVs face 10%. The policy aims to boost domestic investment, develop local supply chains, and position Thailand as a regional automotive export hub. Implementation could help domestic production return to growth in 2027, though risks include rising vehicle prices and questions about actual value-add requirements.