Thailand Plans Tax Incentives for Plug-in Hybrid Vehicles

2025/03/11
Taxation
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Malaysia
Thailand
Thailand's Ministry of Finance plans to introduce new tax incentives for plug-in hybrid electric vehicles (PHEVs) starting January 1, 2026. The tax rates will be based on the electric range of the vehicles, with lower taxes for those with longer ranges. Additionally, the current fuel tank capacity limit for PHEVs will be removed, allowing for larger tanks to achieve higher total ranges, as seen with the Jaecoo J7 PHEV. Deputy Finance Minister Paopoom Rojanasakul said that supporting PHEVs is crucial for a smooth transition from internal combustion engine vehicles to fully electric vehicles in Thailand's automotive industry.
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