Thailand is preparing to abandon the subsidy-led policy that made it Southeast Asia's fastest-growing electric vehicle market, replacing it with a tax structure built to penalize carmakers that import rather than build. Finance Minister Ekniti Nitithanprapas said the excise tax on fully imported EVs could rise to around 30%, from 10% today — the first time the government has attached a number to the levy.
Indonesia's industry minister said the country has the resources to build a complete domestic electric vehicle chain, speaking in Subang, West Java, on September 3, as BYD inaugurated an IDR16 trillion assembly plant, joining the Chinese carmaker's operating plants in Thailand, Uzbekistan, and Brazil.
