Thailand is sharply increasing taxes on imported electric vehicles to encourage domestic manufacturing and protect its established automotive industry. But the policy could raise prices and narrow consumer choice, experts said.
As Chinese EVs reshape Thailand's car industry, higher taxes bring new uncertainty
EXECUTIVE SUMMARY
Thailand is sharply increasing taxes on imported electric vehicles to encourage domestic manufacturing and protect its established automotive industry. But the policy could raise prices and narrow consumer choice, experts said.
Key Takeaways
- As Chinese EVs reshape Thailand's car industry, higher taxes bring new uncertainty.
- Thailand is sharply increasing taxes on imported electric vehicles to encourage domestic manufacturing and protect its established automotive industry.
- But the policy could raise prices and narrow consumer choice, experts said.
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Published originally on Channel NewsAsia (CNA) - Feed 6511
