Warawut pointed out that raising the excise tax on electric vehicles creates an equal playing field, with no advantage or disadvantage whether the cars are imported or produced domestically. Thailand welcomes investors from all regions.
On 10 Sep 2026 GMT+7 at the Ministry of Finance, Warawut Silpa-archa, Minister of Industry, spoke before attending the first 2026 meeting of the National Electric Vehicle Policy Committee, chaired by Deputy Prime Minister and Minister of Finance Aekniti Nitithanprapas. He said he recommends that foreign companies investing in EVs focus on building supply chains, a key strength not only of the automotive industry but many sectors in Thailand. The transition from internal combustion engine (ICE) cars to EVs makes supply chain development and capability enhancement equally important. He also wants to promote developing skilled personnel and technology transfer to Thailand, emphasizing that investment value lies not only in money but also in knowledge that can develop local workforce and operations. The technological shift must be accompanied by workforce transformation, including educational institutions. Besides the Ministry of Industry and the Ministry of Higher Education, Science, Research and Innovation, vocational schools and technical colleges under the Ministry of Education also need to update their curricula on vehicle repair to support this transition.
When asked if raising the excise tax on EVs could prevent the relocation of ICE car production bases, Warawut said he believes it serves as one incentive to level the playing field between imported and domestic cars, creating no advantage or disadvantage and encouraging domestic demand. However, some measures like the excise tax hike receive support from some manufacturers and concern from others, so remedies are needed. The fact that companies continue to invest shows they see benefits for their business. Thailand welcomes investors from all areas but expects joint growth, sustainability, and strength. For ICE vehicles, there will be measures as well, since the ICE production base is vital to Thailand's economic structure and has brought the country to its current stage. Facing challenges, the government will not abandon the industry but seek solutions to progress together.