Deputy Democratic Party leader Veerayuth calls for a comprehensive overhaul of Thailand's Local Content policy framework beyond tariffs alone. He proposes four key measures: (1) tighten Local Content measurement for EV manufacturers receiving state subsidies (currently 25 billion baht disbursed, 200,000 units pending compliance); (2) broaden Local Content definition to include R&D, battery tech, software, and hydrogen investments—not just parts; (3) significantly increase workforce training budgets for automotive workers; and (4) strengthen support for Tier 2-3 SME suppliers and environmental compliance. The critique points to South Korea and Singapore's success using direct industrial policy tools rather than relying on taxation as primary lever.
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