For nearly four years, Thailand ran one of the most aggressive Electric Vehicle (EV) adoption experiments in Southeast Asia, and it worked almost too well. The EV 3.0 and EV 3.5 incentive packages, launched in 2022, offered excise tax cuts from 8% down to 2%, subsidies as high as THB150,000 ($4,500) per vehicle, and
Announced on September 21, 2026, Thai and Brazilian industry representatives held talks on September 18 on the automotive and auto parts sectors.
The participants exchanged views on developments in the automotive and auto parts industries in both countries and discussed approaches to expanding trade and investment ti
Announced on September 24, 2026, Thailand’s National Semiconductor and Advanced Electronics Policy Board has approved its first national semiconductor and advanced electronics strategy, targeting approximately USD 80 billion in cumulative investment, USD 150 billion in annual industry revenue, and more than 230,000 n
Announced on September 22, 2026, ASEAN and Hong Kong signed the First Protocol to Amend the ASEAN-Hong Kong, China Investment Agreement (AHKIA) on September 20 in Manila, the Philippines, covering additional investment market access.
Thailand, as coordinator of the agreement, led negotiations on the protocol, which i
Reported on September 11, 2026, uncertainty over Thailand’s potential changes to the BEV tax structure is causing customers to delay decisions and making it difficult for businesses to plan, according to the Managing Director of Hyundai Mobility (Thailand).
The company MD called for the Thai government to finalize an
In July, we published an article titled “Upward Revision for Thailand’s 2026 LV Sales and Scenarios After EV 3.5.” As expected, the Thai government is now restructuring its excise tax framework which involves lowering excise taxes for locally manufactured models that meet specific local content requirements and/or ra
Reported on September 10, 2026, Thailand’s Electric Vehicle Policy Committee (EV Board) agreed in principle to introduce a three-tiered excise tax structure for EVs at its first meeting. A conclusion is expected by the end of September 2026, after which the Finance Ministry is expected to submit the proposal to the C
Announced on September 9, 2026, Thailand’s automotive industry is facing increasing pressure as the shift toward electric vehicles affects its existing internal combustion engine (ICE) and pickup-truck production base, according to the Federation of Thai Industries (FTI).
Domestic vehicle sales rose 15.4% YoY in Janu
Reported on September 4, 2026, Thailand’s Electric Vehicle Policy Committee (EV Board) will meet on September 10, according to the Finance Permanent Secretary. The meeting was originally scheduled for September 7 but was postponed due to the House of Representatives’ budget deliberations scheduled for September 7–9.
Announced on September 7, 2026, Thailand’s BOI said Japan’s investment in Thailand is entering a new phase, with Japanese companies increasingly focusing on technology upgrades, production efficiency, and higher-value-added products. This trend is consistent with a Japan Chamber of Commerce (JCC) survey of 504 compan
Reported on August 30, 2026, Thailand’s Finance Ministry is weighing lowering excise taxes for manufacturers that invest in local production, use Thai-made raw materials or components, and manufacture vehicles for export. The proposed measures could apply to manufacturers of internal combustion engine (ICE), hybrid,
Reported on August 20, 2026, Japan has asked Thailand to review tariffs on automotive products ahead of the scheduled 2027 comprehensive review of the Japan-Thailand Economic Partnership Agreement (JTEPA), with no changes to tariff rates agreed so far.
JTEPA, which took effect in 2007, requires a comprehensive review
Announced on August 20, 2026, via a social media post, the Thai Electric Vehicle Association (EVAT) clarified its position on the restructuring of import duties on completely built-up (CBU) electric vehicles, saying it has been in ongoing discussions with government agencies and is still compiling its proposal in con
Announced on August 14, 2026, the Thailand Board of Investment (BOI) noted that actual investment by promoted projects exceeded THB 255 billion in Q2 2026, an increase of 31% YoY. This brought actual investment in H1 2026 to THB 535.8 billion, up 27% YoY. Projects that recorded actual investment in the first half are
Announced on August 17, 2026, Thailand’s Board of Investment (BOI) is working with four state agencies to address infrastructure and workforce constraints in the Eastern region as it prepares for new high-tech investment, including electrified vehicle (xEV) manufacturing. The agencies are the Office of the National W
Reported on August 17, 2026, Thailand will seek to expand automotive export opportunities in Australia and New Zealand during an official visit beginning August 17, as the government looks to strengthen overseas demand for vehicles produced domestically.
Thailand’s Deputy Prime Minister and Finance Minister Ekniti, w
Reported on August 17, 2026, Thailand’s Deputy Prime Minister and Finance Minister Ekniti has instructed officials to complete a new automotive excise tax structure by September, with implementation targeted before the end of 2026. The proposal would offer lower rates to companies investing in production facilities i
Reported on August 15, 2026, Toyota Motor Thailand and Honda Automobile Thailand have urged the Thai government to revise vehicle tax policies, citing what they described as an imbalance between locally manufactured and imported vehicles.
Toyota said imported Chinese EVs benefit from lower tax burdens and government
Announced on July 31, 2026, GWM (Thailand) claimed it became the first automaker to complete domestic electric vehicle (EV) production required to compensate for imports under Thailand's Phase 2 EV incentive program (EV 3.5) before the program ends.
The company said it had also been the first to fulfill the EV 3.0 pr
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