Thailand Triples EV Tax to 35% as Chinese Brands Dominate

Thailand will raise its tax on imported electric vehicles (EVs) from 10% to 35%, a move aimed at curbing the rapid growth of Chinese EV brands in its market. The decision follows a surge in EV imports, mostly from China, which has put pressure on local automakers and Thailand's automotive supply chain. Chinese brands such as BYD and Great Wall Motor have gained significant market share in recent years, offering lower-priced models that appeal to Thai buyers. Thailand is Southeast Asia's largest car producer and a key hub for Japanese automakers including Toyota and Honda. The government has promoted EV production through incentives for companies that build cars locally, but imported vehicles have so far benefited from low tariffs. The higher tax is expected to raise prices on imported EVs and encourage manufacturers to assemble vehicles inside Thailand. Officials say the measure supports the country's goal of becoming a regional EV production center. The new rate has not yet taken effect. Details on timing and which vehicles will be affected have not been announced.