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The Thai government plans to raise the excise tax on imported electric vehicles from the current 10% to 30-40%, Bloomberg reports. The measure, which will come into effect on January 1, is intended to protect the local auto industry and encourage local production. The decision was condemned because imports of electric passenger cars into the country more than doubled in September compared to last year, with almost all shipments coming from China.

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The Thai government plans to raise the excise tax on imported electric vehicles from the current 10% to 30-40%, Bloomberg reports. The measure, which will come into effect on January 1, is intended to protect the local auto industry and encourage local production. The decision was condemned because imports of electric passenger cars into the country more than doubled in September compared to last year, with almost all shipments coming from China.

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