Thailand's EV push faces a crossroads as Japanese automakers call for policy reforms

Thailand's automotive sector is at a crossroads as Japanese automakers like Toyota and Honda criticize policies favoring electric vehicles (EVs) due to perceived unfair taxes and tariffs, risking relocation of supply chains to competitors like Indonesia and Vietnam. The government's heavy incentives for EVs have accelerated the decline of Japanese-brand internal combustion engine vehicles, pressuring policy reforms to balance support and maintain Japanese investment.

This Wire brief sits within Fusion42's coverage of Micromobility.