New Incentives to Transform Thailand into an EV Export Hub
The government's revised EV scheme offers a 1.5x production credit for exported vehicles, aiming to boost annual exports to 52,000 units by 2026
- Thailand's government has introduced a new incentive where each EV produced for export counts as 1.5 units towards local production quotas, amending the previous 1-to-1 rule.
- The policy is designed to encourage manufacturers to use the country as a global export base, with projections showing exports could soar from 12,500 units in 2025 to 52,000 by 2026.
- Major EV manufacturers like BYD are already taking advantage of the scheme, with the company exporting its first batch of 959 Thai-made vehicles to Europe.
Thailand is moving to cement its position as a major electric vehicle (EV) manufacturing hub, with the government introducing new incentives to boost exports.
The revised policy, which allows each EV produced for export to count as 1.5 units toward local production quotas, is expected to drive a massive increase in shipments.
According to the Board of Investment (BOI), the new rule could see EV exports from Thailand soar from 12,500 units in 2025 to 52,000 units by 2026.
The move comes as BYD, the Chinese EV giant, became the first company to benefit from the government's EV 3.0 scheme by exporting a batch of 959 left-hand-drive Dolphin models to Europe.
The Federation of Thai Industries (FTI) reported that EV production in Thailand has seen a significant increase, with 3,610 battery-electric vehicles (BEVs) produced in July 2025—a jump of over 550% year-on-year.
For the period of January to July, BEV production totalled 27,408 units, an increase of nearly 400%.
The new export incentive, approved by the EV Board, is a key part of the government's strategy to encourage manufacturers to use Thailand as a global export base.
It amends the EV 3.0 and EV 3.5 schemes, which previously required companies to produce one vehicle locally for every one imported to receive tax breaks and subsidies.
The new 1.5-to-1 ratio for exports, effective from 2025, is a direct response to proposals from the FTI and the Electric Vehicle Association of Thailand.
Other foreign manufacturers, including MG, GWM, GAC Aion, and Changan, have also invested heavily in local production.
The FTI reported that the sector has created over 9,600 jobs, with 85-95% of the workforce being Thai. BYD alone employs over 5,900 people, with plans to increase its Thai workforce to 95% of its total staff by 2026.
