NewzThe Federation of Thai Industries (FTI) has formally requested that the Thai government implement the highest possible excise tax rate on imported electric vehicles. This proposal is supported by businesses throughout the nation's automotive supply chain, which are seeking policy intervention to bolster the domestic market.
The primary objective of this request is to shield local manufacturers from foreign competition while incentivizing international companies to increase capital investment in domestic EV production facilities. By raising the cost of imports, industry leaders aim to foster a more favorable environment for localized manufacturing growth.
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