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Global Trade Alert

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Thailand: Government reduced the excise duty on certain hybrid electric vehicles (HEV) manufacturers

Description

On 26 July 2024, Thailand’s National Electric Vehicle Policy Committee (EV Board) reduced the excise duty on certain hybrid electric vehicles (HEV) for manufacturers making new investments in Thailand...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2028

Revocation date

31 Aug 2032

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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