Forecast suggests EV tax changes will be gradualPeople inspect an electric vehicle at the Bangkok International Motor Show 2021 held in March and April this year. The source added that the tax restructure might be gradually implemented to give existing domestic vehicle manufacturers time to adjust to changes in relation to the country's promotion of EVs. Chinese EV manufacturers are expected to reap the full benefit of the measure, thanks to 0% duty on the import of EVs from China. The government's target is for 30% of all cars used in Thailand to be EVs by 2025. The country's current vehicle excise tax structure is based on engine power and carbon dioxide emission rates.

Source: Bangkok Post November 08, 2021 03:20 UTC