Thailand's EV Board has approved a three-tier excise tax framework to incentivize domestic EV production and local component manufacturing. Imported EVs will face the highest tax (over 10%), while domestic-produced vehicles with high local content will get the lowest rates. The measure aims to attract foreign investment, boost supply chain development, and increase local content value without requiring government budget allocations. Final tax rates and grace period details expected by September; two subcommittees established to tackle battery management, vehicle recycling, and charging infrastructure.