EV Board Approves 3-Tier Tax Structure for EV Production

Post Today•Economy•10d ago

Reader Briefing

The National Electric Vehicle Policy Committee approved a three-tier excise tax structure to encourage domestic EV production and reduce imports.

•The National Electric Vehicle Policy Committee (EV Board) approved a three-tier excise tax structure to support the EV industry.
•The tax structure is divided into three levels based on investment and local content to incentivize domestic production.
•The EV Board established two sub-committees to promote EV production and develop charging station networks.
•Details are expected to be finalized by September 2026 before submission to the Cabinet.

•The National Electric Vehicle Policy Committee (EV Board), chaired by Deputy Prime Minister and Minister of Finance Ekniti Nitithanprapas, approved excise tax guidelines for the EV industry.
•Pornchai Theeravech stated the measures aim to attract investment to reduce imports, promote Thailand as a right-hand drive export hub, and increase local content.
•The proposed tax structure consists of three levels: the lowest rate for high local content producers, a medium rate for those testing markets or starting investment, and the highest rate for importers without production plans.
•Pornchai Theeravech noted that three private associations agree in principle with the EV Board's proposal but requested a grace period for production and marketing planning.
•Narit Theordsathirasak reported that BEV registrations increased by nearly 30% over the past 5 years, while hybrid vehicles increased by approximately 23%.
•Japanese automakers Mitsubishi, Isuzu, Honda, and Mazda announced total investment plans in Thailand exceeding 50 billion baht covering through 2029-2030.
•The EV Board appointed Varawut Silpa-archa as chair of the sub-committee for promoting EV production and Akanat Prompan as chair of the sub-committee for charging station network development.
•Lavaron Sangsnit was assigned by the EV Board to expedite the consideration of promotion measures for commercial EVs such as buses and trucks.

Full article content is available on the original source.

Lavaron Sangsnit(ลวรณ แสงสนิท)

Permanent Secretary of the Ministry of Finance.

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

Deputy Prime Minister and Minister of Finance who chaired the EV Board meeting.

Pornchai Theeravech(พรชัย ฐีระเวช)

Director General of the Excise Department.

Narit Theordsathirasak(นฤตม์ เทอดสถีรศักดิ์)

Secretary General of the Board of Investment (BOI).

Varawut Silpa-archa(วราวุธ ศิลปอาชา)ℹ️

Minister of Industry and chair of the sub-committee for promoting EV production.

Akanat Prompan(เอกนัฏ พร้อมพันธุ์)

Minister of Energy and chair of the sub-committee for charging station network development.

National Electric Vehicle Policy Committee(คณะกรรมการนโยบายยานยนต์ไฟฟ้าแห่งชาติ)

Also known as the EV Board, it determines tax guidelines and promotion measures for the electric vehicle industry.

Excise Department(กรมสรรพสามิต)ℹ️

The government agency responsible for implementing excise tax measures for the EV industry.

Cabinet(คณะรัฐมนตรี)

The body to which the EV tax measures will be submitted for consideration.

Board of Investment(คณะกรรมการส่งเสริมการลงทุน)

Also known as BOI, it monitors the progress of EV industry development.

Mitsubishi(มิตซูบิชิ)ℹ️

A Japanese automaker that announced investment plans in Thailand.

Isuzu(อีซูซุ)ℹ️

A Japanese automaker that announced investment plans in Thailand.

Honda(ฮอนด้า)ℹ️

A Japanese automaker that announced investment plans in Thailand.

Mazda(มาสด้า)ℹ️

A Japanese automaker that announced investment plans in Thailand.

Thailand(ไทย)ℹ️

The country promoting itself as an EV production and export hub.

ASEAN(อาเซียน)ℹ️

The region in which Thailand serves as a significant production base for automobiles and EVs.