The Thaiger
Thailand sets 35% imported EV tax from January 1, 2027
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Thailand’s Cabinet raised the excise tax on fully imported electric vehicles (EVs) to 35% today, November 3, up from 10% for battery EVs and 15% for range-extended models, at its mobile meeting in Udon Thani.
Key facts
- Thailand’s Cabinet raised the excise tax on fully imported electric vehicles (EVs) to 35% today, November 3, up from 10% for battery EVs and 15% for range-extended models, at its mobile meeting in Udon Thani.
- The new rate applies from January 1, 2027, so buyers and dealers have just under two months before the higher tax applies.
- The government will present the measure to Japanese investors at a Board of Investment roadshow in Japan on November 17.
- Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas said the rate covers EVs that are brought in from abroad, are not produced in Thailand and contain no Thai-made parts.
Summary
The new rate applies from January 1, 2027, so buyers and dealers have just under two months before the higher tax applies.
Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas said the rate covers EVs that are brought in from abroad, are not produced in Thailand and contain no Thai-made parts.