Reform of EV duties urged
Lower taxes meant to promote adoption
The Finance Ministry plans to propose to the cabinet a reduction of the import duty for electric vehicles (EVs) to 40%, 20% and zero percent, each depending on the engine size, says Deputy Finance Minister Santi Promphat.
He said smaller EVs should be subject to lower import tax rates than larger ones as part of the ministry’s plan to promote their adoption.
The ministry also considered an appropriate subsidy to support consumers’ EV purchases, said Mr Santi.
EV producers can qualify for all government support measures if they set up manufacturing bases in Thailand, he said.
If producers…
