FLEETDRIVE
2,000,000( AUD 90,843) and has a minimum battery capacity of 50kWh. EVs above the price point may still be eligible for reduced excise tax but will no longer receive rebates.
For businesses, excise taxes were reduced from 8 % to 2 % for EVs priced below THB 7,000,000( AUD 317,931). Both importers and local EV assemblers were able to take advantage of these reduced rates starting 2024, however, importers were limited to the end of 2025. Local assemblers, on the other hand, may continue to utilise these reduced rates until 2027.
In addition, EVs priced below THB 2,000,000 could be subsidised by THB 25,000( AUD 1,135) to THB 100,000( AUD 4,541) per unit.
Both EV 3.0 and 3.5 were created to not only accelerate EV usage in Thailand, but production as well. Under EV 3.0, manufacturers and importers were required to produce 1 unit per import if their production started in 2022 or 5 units per import if production began in 2025.
Under EV 3.5, the requirements are changed slightly. If EV production begins in 2026, manufacturers are required to produce 2 units per import. If it starts in 2027, the ratio increases to 3 units per 1 import.
The produced models must be passenger cars or pick-up trucks with a suggested retail price( SRP) of THB 2,000,000 and below. These models must not have more than 10 seats and can be applied to any model.
Passenger cars priced between THB 2,000,000 – THB 7,000,000 must also adhere to the maximum seat requirement of 10. Like the previous option, any model of a passenger EV can be produced but must have been imported, registered, and have received benefits under the EV 3.5 policy.
Lastly, starting 1 January 2026, manufacturers following the EV 3.5 policy must use batteries produced within Thailand during production.
Businesses applying for the EV 3.5 policy have until 2027 until applications close. Though subsidies and other incentives have decreased compared to EV 3.0, participating in EV 3.5 may prove beneficial to their production and distribution. Manufacturers must also sign a memorandum of understanding( MOU) with Thailand’ s Excise Department as well as sign a bank guarantee, which will detail both general and specific conditions under the agreement.
VIETNAM
Vietnam’ s EV-related financial incentives began in 2022, when buyers were exempted from paying registration fees for the first three years of ownership and enjoyed a 50 % reduction for the succeeding two years. The policy was approved by the Vietnamese Prime Minister at the time under the country’ s“ Action Program for Green Energy Transition and the Reduction of Carbon and Methane Emissions in the Transport Sector.”
The government initially intended for this incentive to end on 28 February 2025, then extended it to 1 March 2025. Luckily for EV buyers, Vietnam’ s Decree No. 51 / 2025 / ND-CP or Decree 51 further extended fee exemptions to 28 February 2027.
Vietnam ' s national plan has two periods: 2022 – 2030 and 2030 – 2051. The first period encourages the country’ s shift to EVs, supporting“ the manufacturing, assembly, import, and conversion” from petrol to electricity. This includes the support and development of charging infrastructures for both businesses and citizens.
The second period becomes stricter, with the goal to“ ultimately cease” production, assembly, and import of two- and four-wheel petrol vehicles. By 2050, Vietnam’ s goal is for its national fleet to become completely electric or run on green energy.
Similarly, Vietnam’ s special consumption tax on EVs have also been reduced to 1-3 per cent,
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