Thailand's National EV Policy Board has approved a 3-tier excise tax restructure for electric vehicles, designed to protect domestic manufacturers against cheap Chinese EV imports while incentivizing local production. Domestic xEVs (FCEV 1%, BEV 2%, PHEV 5%, HEV 6%) must meet local content and battery/motor requirements (30% local parts + e-Pasts or 40% Thai content by 2571); imports face 3x-tier rates. This policy is expected to accelerate manufacturing facility investments and support Thailand's automotive sector, a key economic pillar.