Thai Finance Ministry Clarifies EV Tax Status and Energy Transition Plan
Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas confirmed that EV tax revisions are still under review, while a 100-billion-baht energy transition project is set for Cabinet consideration.
According to Prachachat Business, Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas has clarified the current status of automotive tax policies. Addressing recent speculation, Ekniti stated that the review of import taxes for electric vehicles (EVs) is not yet complete. Consequently, this matter will not be presented to the Cabinet during the upcoming meeting scheduled for October 26, 2026.
Instead, the Ministry of Finance will focus on a separate proposal: an energy transition project valued at no more than 100 billion baht. This initiative is intended to support the country's shift toward sustainable energy sources.
For residents and potential vehicle buyers in Thailand, this announcement serves as a reminder that current EV tax structures remain in place for the time being. While the government is actively working on energy transition strategies, specific changes to vehicle import duties are still undergoing internal deliberation. It remains to be confirmed when the Ministry will finalize its review of the EV tax framework and when such proposals might be formally submitted for Cabinet approval. Stakeholders are advised to monitor official government announcements for updates on how these fiscal policies may eventually impact the automotive market and consumer pricing.
