Thailand May Slash Import Duty for EVs

Thailand’s Finance ministry plans to propose to the cabinet a reduction in the import duty for electric vehicles (EVs) to 40%, 20% and 0%, depending on a vehicle’s engine size, the Bangkok Post reported, citing deputy finance minister Santi Promphat.

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 report said.

Read the full report: Bangkok Post.

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.