Search Results for: electric vehicle

  • Business News

    Thailand boosts chip investment to power electric vehicle industry

    The Board of Investment (BoI) is set to ramp up investments in computer chips to bolster the burgeoning electric vehicle (EV) industry in Thailand. This initiative aligns with the state’s strategy to establish a national semiconductor board. As domestic EV manufacturing gains traction, driven by increased foreign investment, the development of related industries becomes crucial, stated Narit Therdsteerasukdi, secretary-general of…

  • Automotive

    Can mass-market electric vehicles turn a profit by 2025

    As the electric vehicle (EV) sector evolves, a pivotal question arises: Are mass-market electric cars financially viable? Recent studies illuminate this inquiry, indicating that the automotive manufacturing landscape is poised for a substantial shift. By 2025, decreased production and battery costs are expected to render smaller, more affordable EVs not only feasible but also profitable for European car manufacturers. We’re…

  • Business News

    Bangkok motor show fuels surge in electric vehicle demand

    Demand for electric vehicles (EVs) is anticipated to surge at the Bangkok International Motor Show, with the Federation of Thai Industries (FTI) attributing the boost to the release of new EV models and the launch of promotional sales campaigns. Automakers are enticing potential customers with competitive pricing and low interest rates, particularly aiming at those planning to purchase new vehicles…

  • Automotive

    Old cars fuel pollution crisis, electric vehicles offer cleaner future

    In the intricate ecosystems of urban areas and extensive highway networks, the environmental implications of vehicular traffic demand immediate attention. It is critical to recognize the significant contribution of motor vehicles to air pollution, an issue that has become glaringly evident. The emissions from vehicles, whether for daily commutes or longer travels, considerably increase atmospheric pollution with deleterious substances. In…

  • Business News

    Thailand seeks German investment in electric vehicle industry

    Deputy Prime Minister Parnpree Bahiddha-Nukara announced on a recent official trip to Germany, the Thai government’s intention to attract German automobile manufacturers to invest in Thailand’s burgeoning electric vehicle (EV) industry. This initiative is part of the broader plans for Prime Minister Srettha Thavisin’s official visit to Germany next month. The deputy prime minister, who also serves as the foreign…

  • Thailand News

    Thailand’s future electric vehicles industry workforce

    Thailand’s Ministry of Higher Education, Science, Research and Innovation (MHESI) is gearing up to sculpt a formidable workforce of over 150,000 individuals poised to dominate the electric vehicle (EV) industry within the next five years. This electrifying initiative forms the nucleus of the ministry’s holistic strategy aimed at supercharging Thailand’s EV ecosystem. The ministry’s blueprint, announced with much fanfare, is…

  • Business News

    Electric vehicle market faces risk from non-performing loans

    The rising popularity of electric vehicles (EVs) is facing a new challenge as concerns over non-performing loans (NPLs) seep into the EV market. The rapid surge in EV sales has led to worries about whether buyers, many of whom are considered new-generation people with weaker financial standing, will be able to meet their instalments. This could lead to an increase…

  • Business News

    Thai industries shift from traditional car parts to electric vehicle components

    A deal has been struck between the Federation of Thai Industries (FTI) and global car manufacturers to aid approximately 1,700 local auto parts manufacturers in transitioning from the production of traditional internal combustion engine (ICE) car parts to those for electric vehicles (EVs). Evolving global campaigns for zero-emission vehicles necessitate this shift. The FTI is facilitating collaborations between local manufacturers…

  • Transport News

    Thailand’s transport ministry commits to 100% public electric vehicles

    A bold step towards a greener future was taken by Thailand’s Transport Ministry as it committed to transforming its entire fleet of public transport vehicles into a 100% electric. The initiative, as announced by the Transport Minister, Suriya Jungrungreangkit, begins with the electric conversion of the limousine service of the Airports of Thailand (AoT). This development was shared during Suriya’s…

  • Automotive

    Chinese EV’s controlling Thai electric vehicle market

    Chinese automaker BYD has made significant inroads into the Thai electric vehicle (EV) market, with its popular Atto 3 SUVs which is capturing a 31% market share within 12 months of its launch in October last year. This is a figure that far surpasses the 9,200 new vehicles registered by the Chinese-made Neta V and the Tesla Model Y, which…

  • Thailand News

    Thai taxi drivers seek incentives to shift to electric vehicles

    Taxi drivers across Thailand, represented by the Thai Public Taxi Association, are petitioning the country’s transport minister for a financial incentive package to facilitate their switch to electric vehicles (EVs). Association Chairman, Sadit Jaitiang, plans to bring up this key concern during a vital meeting slated for next Friday with Transport Minister Suriya Jungrungreangkit. The meeting is expected to address…

  • Business News

    German and French firms eye Thailand’s booming electric vehicle sector

    A surge of interest in Thailand’s budding electric vehicle (EV) industry has been noted among businesses from France and Germany. The Thailand Board of Investment (BoI) revealed this interest following an investment promotion roadshow in these European nations. The BoI’s Deputy Secretary-General, Wirat Tatsaringkansakul, suggested a particularly keen receptiveness from French and German investors. These potential investors are reportedly looking…

  • Business News

    Thailand partners with Asean organisations to develop electric vehicle battery technology

    Thailand has joined forces with five technology and electric vehicle (EV) organisations in Asean to conduct a joint study and develop EV battery technology, in efforts to strengthen the booming EV industry in the region. This collaboration aims not only to enhance the EV ecosystem but also to support Asean’s economy under its sustainable development concept, stated Pimpa Limthongkul, the…

  • Business News

    Japanese automakers struggle in China amid rapid shift to electric vehicles

    The sales crisis for Japan’s automakers in China continues, as industry data reveals a rapid shift towards electric vehicles (EVs), resulting in a steep decline in gasoline-powered vehicle purchases. In the first quarter, total sales of Japanese auto brands in China dropped by 32% year-on-year, more than twice the rate of overall market contraction. While automakers such as Volkswagen AG…

  • Economy News

    Electric vehicles to hit the accelerator this year, says FTI

    The Federation of Thai Industries (FTI) predicts a bold future for Thailand’s electric vehicle (EV) industry, unlike the International Monetary Fund which believes the kingdom is heading for a recession. The FTI reckons the EV industry will hit the accelerator this year and sell between 25,000, to 35,000 cars, reports Bangkok Post. But, to achieve that target the EV industry…

  • Hot News

    Electric vehicles may need long-term solar power plan

    As popularity rises with electric vehicles (EVs), future charging options may include solar power. Long-term planning is being pushed by Delta Electronics (Thailand) Plc., as a result of the need to ensure adequate power supplies. One idea is that of using microgrids at charging stations. The electronics manufacturer is suggesting that each charging facility should act as a microgrid that…

  • Transport News

    Thai PM promises to accelerate Thailand’s electric vehicle future

    The Thai PM wants to cement Thailand’s reputation as the biggest SE Asian hub for car manufacturing, and electric cars too. Currently Thailand is the world’s 10th largest manufacturer of vehicles (OICA 2021). Some of the world’s leading automobile manufacturers – Honda, Toyota, Mitsubishi, Nissan, Suzuki, Mazda, Mercedes Benz, Ford, Volvo and BMW – have manufacturing plants in Thailand. Last…

  • Thailand News

    450 charging stations for electric vehicles by the end of 2022

    PTT Oil and Retail Business (OR) plans to increase its electric vehicle (EV) business by adding more charging stations in the nation’s shopping malls by the end of the year. Terminal 21, Fashion Island, and The Promenade are next in line to get the charging stations under the PluZ brand. Five more stations, two in Bangkok, two in Pattaya and…

  • Technology News

    Thailand agrees to fund Zinc-ion batteries for electric vehicles

    A Thai tech executive director says Thailand’s government has agreed to fund 192 billion baht to asset finding for the development and production of zinc-ion batteries for electric vehicles. The executive director of the National Science and Technology Development Agency says the funding will go to the agency for the project. The Thai government has swung their full support around…

  • Thailand News

    Thailand ups electric vehicle incentives, after 30% spike in foreign direct investment

    Thailand Board of Investment has approved revised conditions and incentives for investing in electric vehicles and the infrastructure needed to support them, specifically charging stations. Today’s BOI announcement comes as Thailand increases its incentives for people to buy and invest in electric vehicles, in an effort to maintain its grip on Southeast Asia’s car manufacturing market, which is transitioning to…

  • Technology News

    Global Electric Vehicle sales up 109% last year

    In new research on the global electric vehicle market, Canalys estimates that 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% on 2020. EVs include fully electric and plug-in hybrid passenger cars. The total global car market grew just 4% in 2021 as it continued to struggle with Covid-19 restrictions and chip shortages. EV sales represented 9%…

  • Transport News

    Thailand’s electric vehicle market is underway, with commercial EV’s in focus

    Thailand’s electric vehicle market is underway, with companies focusing on the commercial EV’s as a starting point. As many expect EV’s to be the future of the auto industry, many companies are now making the switch to renewable energy. One company that is trying to get ahead of the game, is that of Bangkok-based Energy Absolute. The biodiesel producer and…

  • Thailand News

    Tax to promote electric vehicles forecasted

    Thailand is hopping on the electric vehicle bandwagon. An anonymous source within the Finance Ministry told the Bangkok Post that the Thai government is mulling over providing tax benefits aimed to encourage electric vehicles. This move is coming in the wake of recent promises by PM Prayut Chan-o-cha to increase Thailand’s focus on tackling climate change. The source told the…

  • Thailand News

    Thailand News Today | Promise to vaccinate expats, Thailand “electric vehicle hub” | May 6

    Thailand’s Food and Drug Administration has denied that the Pfizer Covid-19 vaccine is already in Thailand, The Thai government has ambitious plans to turn the Kingdom into a Southeast Asian hub for the manufacture of electric vehicles., The Thai Hotels Association is urging the government to extend the domestic travel stimulus schemes, set to end on September 30 and Thai…

  • Transport News

    Thailand aims for 30% electric vehicle production by 2030

    By 2030, Thailand aims to have 30% of car production to be electric vehicles in an effort to minimise air pollution as the air quality in a number of provinces in Thailand, especially Bangkok and Chiang Mai, has been at levels classified as unhealthy and even hazardous in reports by IQAir. Electric vehicles would include cars, motorbikes and buses. Industry…

  • Technology News

    Electric vehicle registrations in Thailand rose 380% in 2019

    Electic cars (EVs) are on the rise in Thailand. The Electric Vehicle Association of Thailand (EVAT) reports a sharp increase in the number of electric vehicles registered in 2019. Department of Land Transport statistics show that, as of December 31, there were 2,854 electric vehicle registrations, including 1,572 new cars, up 380% from 2018 when only there were only 325 registered.…

  • Environment News

    Energy Minister pushing for investment in electric vehicle production in Thailand

    PHOTO: Wikipedia Energy Minister, Sontirat Sontijirawong, has announced a package to allow for the production of electric vehicles in Thailand. The package includes incentives on investment, as well as on the production of components and batteries. It’s understood that the package also has measures to promote the wider use of electric vehicles among the public, following environmental and emissions concerns…

  • Environment News

    Electric vehicles on the rise but the take up is slow in Thailand

    “Two trends will develop in Southeast Asia. The first is new operators of EV taxi fleets such as cars and motorcycles, and the second is electric buses for public transport.” Justin Wu, head of Asia-Pacific for Bloomberg New Energy Finance (BNEF) says the electric vehicles (EVs) remain expensive and unaffordable for individual buyers in Thailand and ASEAN. Mr. Wu says…

  • Automotive

    Thailand’s car scene: Electric vs Hybrid vehicles analyzed

    Folks living in Thailand and thinking about switching to greener ways of getting around often find themselves weighing up electric vehicles (EVs) against hybrid cars. Both are friendlier choices for the planet compared to old-school petrol or diesel engines, but they come with their own pros and cons. Getting a good grasp on how they differ is super important for…

  • Thailand News

    Thai Smile Bus to decommission gas vehicles, focuses on electric fleet

    Thai Smile Bus (TSB) company announced its commitment to clean air and environmental sustainability with plans to decommission its entire fleet of 350 natural gas-fuelled vehicles (NGV) buses by the end of the month. Kulpornpath Wongmajarapinya, TSB Chief Executive Officer, revealed that over 95% of the NGV buses have been already phased out, including the latest batch of 58 buses…