Reported on July 18, 2025, Thailand’s Ministry of Finance is considering increasing the excise tax on imported electric vehicles (EVs) that use little or no locally made parts. The plan is especially focused on electric pickup trucks. A ministry source, speaking anonymously, said the proposal is part of a broader str

Announced on July 16, 2025, the Thailand Board of Investment (BOI) has released a policy package to help Thai businesses adapt to U.S. tariffs and intensifying global trade pressures. Aimed at boosting competitiveness, strengthening supply chains, and expanding market access, the package responds to investor concerns

Announced on July 8, 2025, the Federation of Thai Industries (FTI) stated that the U.S.’s decision to impose a 36% import tariff on all Thai goods, effective August 1, 2025, as an anti-dumping measure, is higher than expected. This rate exceeds tariffs on regional competitors like Vietnam, Indonesia, and Malaysia, pu

Reported on June 30, 2025, the Federation of Thai Industries (FTI) has called on the Industry Ministry to implement strict controls to address the oversupply of rolled steel in Thailand. 
A freeze on new factory construction and capacity expansion for at least 5 years was recommended. The current oversupply situation

Announced on June 27, 2025, the Thailand Board of Investment (BOI) has approved a new incentive package to encourage greater use of locally sourced content in the production of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and electrical appliances (E&E).
The initiative offers an additio

Reported on June 25, 2025, the Federation of Thai Industries (FTI) has expressed strong support for the government’s proposed trade-in scheme aimed at reviving sluggish pickup truck sales.
The FTI projects the program could boost sales by 50,000–100,000 vehicles and recommends extending it to passenger cars. With aro

Reported on June 16, 2025, Thailand’s Finance Ministry and the Board of Investment (BOI) are reportedly reviewing domestic production requirements under the EV subsidy scheme to address market oversupply, intensifying price wars, and broader challenges facing the EV industry.
Under current rules, EV manufacturers rec

Announced on June 9, 2025, the Board of Investment (BOI) is actively driving investments to maintain Thailand’s position as ASEAN’s top automotive hub amid global shifts. The focus includes all electrified vehicle technologies (HEV, PHEV, REEV, BEV) and collaboration with key agencies.
Global automakers like BYD, MG,

Announced on June 1, 2025, Thailand’s Industry Minister, at the EARTH JUMP 2025: Transition Turbulence event hosted in Bangkok by Kasikornbank on May 29, outlined strategic initiatives to drive the country toward net-zero emissions and position Thailand as a regional leader in electric vehicles (EVs).
Key measures in

Reported on June 1, 2025, Thailand's Board of Investment (BOI) will launch an international roadshow to attract foreign investment in key industries, focusing on digital technology and semiconductors. The campaign will visit Taiwan in June, Japan in August, and the U.S. in September, where BOI will resume discussions

Announced on May 27, 2025, the Thailand Automotive Institute (TAI), the China Automotive Engineering Research Institute (CAERI), and C.C.I.C. (Thailand) Co., Ltd. have recently signed a tripartite Memorandum of Understanding (MoU) in Chongqing, China.
The agreement aims to leverage CAERI’s technical expertise to impl

Announced on May 26, 2025, the Board of Investment (BOI), in partnership with KOTRA and the Korea-Thai Chamber of Commerce, hosted a major seminar in Chonburi on May 23 to boost Korean investment in Thailand’s new industries, including electric vehicles (EVs). Over 130 Korean executives attended, receiving updates on

Reported on May 26, 2025, Thailand’s Office of Industrial Economics (OIE) warned that new US tariffs could cut the country’s industrial exports by around THB 200 billion in 2025, slowing industrial GDP growth by over 1 percentage point. 
To counter this, the OIE is accelerating the restructuring of 9 key sectors, inc

Reported on May 15, 2025, leading automakers from Japan, China, and Europe called on the Thai government to support a gradual transition to electrified vehicles (xEVs) alongside traditional petrol and diesel models, highlighting hybrids as a key step toward full electrification.
At the recent BOI seminar, “Shaping th

Announced on May 19, 2025, the Thailand Board of Investment (BOI) will suspend promotion for certain business types, particularly those at risk of oversupply or with potential environmental impacts.
The suspension, either full or partial, affects sectors such as specific vehicle parts manufacturing, including lead-ac

Announced on May 16, 2025, CHERY Automobile has partnered with SET-listed King Gen PCL (KGEN) to jointly develop a Thai-branded electric vehicle (EV). The collaboration is supported by a technology transfer policy from the Ministry of Higher Education, Science, Research and Innovation (MHESI) and the National Science

On May 7, 2025, the Thai Royal Gazette announced the enforcement of an increase in the excise tax rate on diesel and gasoline, with an additional rise of up to THB 1 per liter. The move comes in response to a shortfall in government revenue, largely attributed to tax incentives for electric vehicles.
The Royal Gazet

Announced on April 28, 2025, the Thai Cabinet has approved (i) a reduction in excise tax for hybrid and mild hybrid vehicles to between 6% and 12%, and (ii) an extension of the production period for compensatory vehicles under the EV3 program to better align with domestic market conditions. 
These measures are design

On April 29, 2025, the Deputy Minister of Finance announced that the Cabinet has approved adjustments to the excise tax rates for PHEVs.
Currently, PHEVs, like HEVs, are taxed based on CO2 emissions. However, starting January 1, 2026, separate tax rates will apply. PHEVs with an electric range of at least 80 km per c

On April 23, 2025, the Thai Minister of Commerce met with the Ambassador of Sweden to Thailand to discuss economic developments, Thailand’s strong export growth, and rising investment in future-oriented sectors such as printed circuit boards (PCBs).
Swedish businesses were encouraged to expand their investment in Tha