The price of battery electric vehicles (BEVs) entitled to the state’s subsidy and tax incentives will be reduced by at least 150,000-200,000 baht per car, said the Excise Department’s director-general Lavaron Sangsnit. The government has cut the excise tax of BEVs to 2% from 8% from now until 2026 and provided a subsidy of 70,000-150,000 baht per car to purchasers. The supportive measures also include the reduction of BEV import duty to not over 40% from 80% in the case of import outside the free trade agreement. The reduction brings down the import duty of Japanese BEVs to 20%, South Korean B…

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