Thailand's Chamber of Commerce supports the EV Board's tax restructuring for electric vehicles, proposing lower excise tax rates for locally-produced vehicles with high domestic content and higher rates for imported CBUs. The chamber urges the government to clarify local content standards, Thai content requirements, and import caps—linked to investment levels, job creation, and domestic value—to incentivize real manufacturing rather than making Thailand merely an EV consumer market. The approach aims to shift the industry toward production and export capacity while protecting existing automotive suppliers and Thai SMEs in the supply chain.
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