Thailand’s National Electric Vehicle Committee has approved significant revisions to the EV3 and EV3.5 incentive schemes to ensure alignment with global market conditions, enhance operational flexibility and reduce oversupply risks in the domestic electric-vehicle market. The meeting, chaired by the Deputy Prime Minister and Finance Minister, concluded with a set of updated measures aimed at reinforcing Thailand’s long-term competitiveness as a regional EV manufacturing centre.
The revised measures introduce extended registration periods for domestically produced electric vehicles, allowing submissions until January of the following year to accommodate end-of-year sales cycles. Subsidy disbursements will be adjusted through new terms enabling delayed payments if production targets remain unmet. Compensation requirements under EV3 will now permit factories operating under the EV3.5 framework to contribute to production quotas, increasing flexibility for manufacturers with multiple facility types. The deadline for counting foreign battery cell materials has been extended until June 2026, with a maximum allowance set at 10% of the factory price. Additional guidelines for hybrid electric vehicle manufacturers have also been established, including standards on carbon emissions, local-content usage and safety testing at the ATTRIC testing centre.
Measures aimed at preventing oversupply include enhanced export incentives. Each exported vehicle will count as 1.5 units toward production fulfilment, enabling manufacturers to adjust domestic inventory levels while maintaining scheme obligations. Export declarations may be submitted until June of the following year. Manufacturers wishing to exit the scheme may do so by returning excise-tax reductions with penalties if subsidy benefits have not been received, reducing accumulated compensation burdens.
Electric-vehicle registrations continue to expand, with a 59% increase recorded during the first nine months of 2025, amounting to 87,112 battery electric vehicles. Registrations under EV3 and EV3.5 reached 238,183 units from a combined 43 participating companies. Total EV-industry investment reached 140 billion baht as of October 2025 across battery-electric-vehicle production, battery manufacturing, key automotive components and charging-station development. Investment highlights include 21 BEV projects valued at 40.44 billion baht, 54 battery-production projects worth 79.47 billion baht, 45 key-component projects totalling 10 billion baht and 32 charging-infrastructure projects valued at 6.06 billion baht.
The revised EV incentive framework is expected to stabilise domestic demand, expand industrial opportunities and reinforce Thailand’s role within the global electric-vehicle supply chain.
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