Electric Vehicle (EV)

The Ministry of Finance is considering an ‘excise tax reduction’ for operators that plan to set up auto production bases in Thailand, using raw materials or parts manufactured domestically. This differs from previous excise tax plans because it would apply to both existing and new manufacturers and cover makers of internal combustion engine (ICE) v...

As Thailand pushes ahead with its roadmap toward a greener and more sustainable future, Deputy Prime Minister and Minister of Finance Ekniti Nitithanprapas has announced plans to transition the country from combustion-engine vehicles to electric vehicles. This move will be considered the first phase of transition towards EV adoption for Thailand, w...