The Industry Ministry of Thailand is pushing ahead with its ambitious plan to bring prices of electric vehicles (EVs) closer to those of traditional fuel-powered cars by reducing the import duty on auto parts used to assemble EVs in the country.
A four-seater compact EV developed by FOMM (Photo: Bangkokpost.com)
Bangkok (VNA) – The Industry Ministry of Thailand is pushing aheadwith its ambitious plan to bring prices of electric vehicles (EVs) closer tothose of traditional fuel-powered cars by reducing the import duty on autoparts used to assemble EVs in the country.
The Office of Industrial Economics has been assigned to conduct afeasibility study of tax reduction options and forward its findings to theNational Electric Vehicle Policy Committee, known as the EV board, forconsideration this month.
Industry Minister Suriya Jungrungreangkit expects the taxation measure to helpincrease demand in Thailand for EVs, which are still costly, and at the sametime support state measures to curb hazardous PM2.5 dust emitted by old carengines.
Tax reductions will make EVs cheaper, he said, adding the current tax ratestands at 80 percent of auto part prices.
The research team will consider tax reductions for auto parts and completelybuilt EVs.
Other factors taken into consideration include the state plan to increase thenumber of EVs in the country and affordable EV prices for buyers, which mayrange from 700,000 to 800,000 THB (22,300-25,500 USD), Suriya said.
Under the country’s EV master plan, officials plan to develop the domestic EVindustry, making Thailand a major production base in the region. The number ofEVs will reach 750,000, or 30 percent of total vehicle production of 2.5million units in 2030./.
Thailand's economic recovery is expected to take longer than previously anticipated, mainly due to the drastic decline in foreign tourist numbers, says the Bank of Thailand (BoT).
The Electricity Generating Authority of Thailand (EGAT) has launched prototype electric motorbike taxis and boats to support electric vehicle use in public transportation, aiming to reduce air pollution and particulate matter of 2.5 microns or less (PM2.5).
The Tourism Council of Thailand (TCT) said about 10 percent of businesses in the country’s tourism industry have closed with almost 540,000 workers laid-off due to the economic impact of the COVID-19 pandemic.
Thailand’s premium rice products are having better chances for export to the EU after the bloc allowed zero-tariff rice imports of 24,883 tonnes for October.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
A four-seater compact EV developed by FOMM (Photo: Bangkokpost.com) 
