Thai EV Board Adjusts Tax Structure to Promote Local Production

MGR Online•Economy•10d ago

Reader Briefing

The National Electric Vehicle Policy Committee has approved a new excise tax structure for electric vehicles to prioritize domestic value creation over imports.

•The National Electric Vehicle Policy Committee (EV Board) approved a tax structure based on economic benefit to Thailand on September 10, 2026.
•The new policy increases taxes on imported electric vehicles without local production bases while offering incentives to those investing in local factories and supply chains.
•Two new subcommittees were established to manage the modern automotive supply chain and charging infrastructure.
•Japanese manufacturers including Mitsubishi, Honda, Mazda, and Isuzu have announced additional investments exceeding 50,000 million baht.

Overview

•The National Electric Vehicle Policy Committee (EV Board) approved the principle of adjusting the electric vehicle excise tax structure on September 10, 2026.
•The National Electric Vehicle Policy Committee (EV Board) aims to shift the industry from a hub of assembly and distribution to a comprehensive production and export base.
•Electric vehicles imported from abroad without a production base in Thailand will face higher tax burdens under the new structure.
•The Board of Investment (BOI) had approved 189 electric vehicle and related business projects with investments totaling over 151,372 million baht as of the end of August 2026.
•Battery electric vehicle (BEV) registrations in the first seven months of 2026 reached 126,950 units, an 88% increase from the previous year.
•xEV vehicles, including BEV, HEV, and PHEV, accounted for 55% of all new car registrations.
•The National Electric Vehicle Policy Committee (EV Board) established a subcommittee for promoting modern automotive and parts production and a subcommittee for developing charging infrastructure.

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Key Entities

Organization

National Electric Vehicle Policy Committee(คณะกรรมการนโยบายยานยนต์ไฟฟ้าแห่งชาติ)

Also known as the EV Board, this body approved the adjustment of the electric vehicle excise tax structure.

BOI(บีโอไอ)

The organization that approved 189 electric vehicle and related business projects as of August 2026.

Mitsubishi(มิตซูบิชิ)ℹ️

A major Japanese car manufacturer with a production base in Thailand announcing additional investment.

Honda(ฮอนด้า)ℹ️

A major Japanese car manufacturer with a production base in Thailand announcing additional investment.

Mazda(มาสด้า)ℹ️

A major Japanese car manufacturer with a production base in Thailand announcing additional investment.

Isuzu(อีซูซุ)ℹ️

A major Japanese car manufacturer with a production base in Thailand announcing additional investment.

Person

Ekniti Nitithandprapas(เอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister and Minister of Finance who chaired the EV Board meeting on September 10, 2026.

Place

Thailand(ประเทศไทย)ℹ️

The country seeking to transition its automotive industry into a global production base.