{
  "id": 17919457,
  "title": "Thailand raises tax on fully imported EVs to 35%, finance minister says",
  "url": "https://urgent.news/2026/11/03/thailand-raises-tax-on-fully-imported-evs-to-35-finance-minister-says",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-03T05:34:00.000Z",
  "source": {
    "name": "Bangkok Post Business",
    "slug": "bangkok-post-business",
    "url": "https://www.bangkokpost.com/business/motoring/3347886/thailand-raises-tax-on-fully-imported-evs-to-35-finance-minister-says"
  },
  "original_language": "en",
  "account": "Thailand's cabinet recently approved a significant hike in the excise tax on fully imported electric vehicles, increasing it from 10% to 35%, according to Finance Minister Ekniti Nitithanprapas. This new tiered tax structure is part of a strategic plan to spur investment and local production of EVs in the country. The tax hike, set to take effect from January 1, 2027, aims to safeguard investors who have already committed to manufacturing plants and supply chains in Thailand, while also encouraging automakers that still depend on imports to expedite discussions with the government to set up local production facilities. Thailand has become a significant regional hub for car manufacturers such as BYD and Toyota Motor, which have been driving the growth of the country's electric vehicle market. In September 2026, Thailand registered a record 22,587 new EVs and electric motorcycles, a staggering 89.7% increase compared to the same month in the previous year. Passenger EVs alone saw an astonishing 98.6% year-on-year jump, reaching 19,425 units. The first nine months of 2026 witnessed a total of 191,273 EV registrations, marking an 83% increase compared to the same period in 2025, with electric passenger cars accounting for 167,789 of the total. The Federation of Thai Industries expects full-year 2026 EV registrations to hit between 200,000 and 220,000, up from roughly 120,000 vehicles in 2025. As of the end of September, Thailand had 5,021 charging locations with 15,290 connectors nationwide, underscoring the growing infrastructure supporting the country's EV market.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/17919457.png",
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}