electric vehicle

  • Automotive

    Flying cars: A leap from entertainment to necessity

    Welcome to the future, where sci-fi fantasies meet reality. Flying cars, once a figment of imagination, are now a tangible concept. But, are they a necessity or simply a form of high-tech entertainment? In the 70s, daring engineers risked their lives in a bid to make this dream a reality, with catastrophic results. Yet, fast forward to Ridley Scott’s 1982…

  • Pattaya News

    Pattaya’s electric scooter debate sparks charged safety talks

    Electric scooters have become a hot topic in Pattaya, sparking discussions among various agencies and officials about their legality and safety. The legal status of these scooters is not straightforward in Thailand, with regulations varying by region. In cities like Bangkok and Chiang Mai, the rules can differ significantly. The primary concern lies in the absence of firm national rules…

  • Thailand News

    Thailand’s MRTA tests smart parking system for free

    Bangkok motorists have the opportunity to utilise the Mass Rapid Transit Authority of Thailand’s (MRTA) innovative smart parking system free of charge during its testing phase. Starting yesterday, May 1, the Orange Line’s 10-storey Park’n’Ride facility on Ramkhamhaeng Road and a parking ground at the MRTA station on Rama IX Road are open for the public to test out. The…

  • Automotive

    Electric car sales to surge by 2024 despite economic challenges

    The International Energy Agency (IEA) predicts a robust growth in the sales of electric cars in 2024, despite economic challenges in certain markets. Key driving factors for this surge include affordability and the development of charging infrastructure. The IEA estimates that electric car sales will reach 17 million this year, a boost from 14 million the previous year. This indicates…

  • Automotive

    Carzuno car subscription service: Why buy when you can subscribe?

    Owning a car in Thailand without the long-term commitments, maintenance, and tedious paperwork… is it even possible? The answer is yes! The car subscription service by Carzuno offers a convenient way to get wheels in Thailand. Gone are the days when your only options were purchasing a vehicle (complete with hefty down payments and the responsibility for upkeep), dealing with…

  • Business News

    Thai EV market shifts into gear with Chinese investment

    Major automobile companies are forecasting a rapid escalation in the Thai electric vehicle (EV) market, propelled by increased investment from Chinese EV manufacturers. This is anticipated to ignite a price war as manufacturers strive to lure consumers with competitive pricing. This viewpoint was shared by Narong Sritalayon, the managing director of Chinese automaker Great Wall Motor (GWM), in a statement…

  • Business News

    Charged up: Thai finance chief sparks debate on EV development

    Thailand’s finance permanent secretary stressed the need for the country to continue developing its electric vehicle (EV) sector, despite concerns about the arrival of the Chinese EV supply chain in the local automobile industry. Lavaron Sangsnit warned that without active policies to encourage EVs, Thailand may be overlooked as a locale for factory establishment due to the lack of essential…

  • Business News

    Krungsri Auto predicts minimal growth in new auto loans despite EV boom

    Krungsri Auto, Thailand’s leading auto loan provider, predicts a mere 0.4% increase in its new auto loans for 2024, despite the anticipated boom in electric vehicle (EV) sales at the upcoming 45th Bangkok International Motor Show. This forecast was shared by Congsin Congcar, the head of Krungsri Auto Group, after the company issued over 223 billion baht in new auto…

  • Thailand News

    Phang Nga’s lithium deposits eyed for Thailand’s EV ambitions

    Phang Nga’s rich lithium deposits were the focal point of a House Committee on Industry visit yesterday, as the government looks to establish the area as a global lithium source. The move aligns with the government’s strategy to make Thailand an electronic vehicle (EV) manufacturing hub. Akkaradech Wongpitakroj, chairman of the House Committee and United Thai Nations MP for Ratchaburi,…

  • Business News

    Thai EV sales surge by 603% amid government incentives

    Battery electric vehicles (BEVs) sales in Thailand surged by 603% year-on-year to 73,568 units last year, with the upward trend expected to continue throughout this year, as per the Federation of Thai Industries (FTI). This growth is expected to outstrip that of internal combustion engine (ICE) vehicles, which witnessed a 13.7% year-on-year sales decline to 238,570 units in 2023, capturing…

  • Business News

    Thai PM invites Aussie firms to invest in clean energy

    During the 2024 ASEAN-Australia Special Summit, Srettha Thavisin, the Prime Minister of Thailand, extended an invitation to prominent Australian companies to invest in Thailand’s electric vehicle (EV) battery, clean energy, and transport logistics sectors. The summit, which marks five decades of Australia’s partnership with ASEAN, is being held in Melbourne, Australia. PM Srettha used this opportunity to meet with his…

  • Business News

    Kia considers setting up electric vehicle factory in Thailand

    Premium Korean car manufacturer, Kia, is exploring the possibility of setting up an electric vehicle (EV) factory in Thailand, as per an announcement made by Kia Sales (Thailand). The move comes in response to the rapidly expanding EV market in the country. If approved by Kia Corporation, the parent company which falls under the Hyundai Motor Group, Thailand would become…

  • Business News

    BMW to establish first SE Asian EV battery factory in Thailand

    BMW Group Thailand revealed plans to establish an electric vehicle (EV) battery factory in the country this year. This move is in response to China’s escalating EV investment and supply chains in Thailand. The factory, to be positioned in Rayong, will bolster the firm’s sales of battery EVs and plug-in hybrid EVs. The company’s president and CEO, Alexander Baraka, revealed…

  • Business News

    Thailand promotes electric trucks and buses with new incentives

    The National Electric Vehicle Policy Committee in Thailand has given the green light for incentives aimed at encouraging companies to switch their commercial fleets of large trucks and buses to battery electric vehicles (BEVs). The committee has also approved cash grants for manufacturers of EV battery cells. The secretary-general of the Board of Investment and secretary of the Electric Vehicle…

  • Business News

    Thai banking industry faces hurdles amid high auto loan rejections

    Last year’s robust profits from the Thai banking industry stirred debates, as critics pointed to excessively high interest rates. The sector witnessed a 17.8% surge in net interest income (NII) to 727 billion baht (US$20.2 billion) in 2023, up from 617 billion in 2022. The five biggest banks by assets contributed significantly to this rise with an increased net interest…

  • Business News

    Tesla’s South Korea sales slump amidst safety concerns, subsidy cuts

    Tesla Inc’s sales in South Korea took a hit in January, with the company selling only one electric vehicle (EV) in the entire month. The Austin-based automaker faced a range of challenges, including safety concerns, pricing issues, and inadequate charging infrastructure. Data from the Korean trade ministry and Seoul-based researcher Carisyou revealed that the single sale of a Model Y…

  • Business News

    Thailand expects major rise in EV imports under new four-year plan

    The director-general of the Excise Department projected a significant increase in electric vehicle (EV) imports, with an estimated 175,000 units expected to reach Thailand within two years. This comes as part of a four-year plan, EV3.5 (2024-27), which requires importers to establish a production base in the country from 2024-25 onwards, to replace imports with domestically produced EVs. The plan…

  • Business News

    Global car firms urge fair Thai EV promotion amidst competition fears

    European, American, and South Korean automobile manufacturers are urging the Thai government to ensure its electric vehicle (EV) promotion policy benefits all EV makers evenly. This plea arises amidst growing concerns that Chinese and Japanese rivals might be enjoying an unfair advantage. Industry Minister Pimphattra Wichaikul revealed these countries are seeking enhanced support for their EV sales and automotive supply…

  • Business News

    Thai Automotive Institute boosts EV industry with new test track

    The Thailand Automotive Institute (TAI) is set to boost Thailand’s electric vehicle (EV) industry, constructing a test track to provide manufacturers with a range of testing services, subsequently becoming a new revenue stream for the country. This track, under construction in Chachoengsao, is designed to facilitate a broad spectrum of tests including braking and parking brake performance, speed, distance and…

  • Automotive

    The 5 best EV cars to buy in Thailand right now

    More and more people in the world are ditching their fossil-fuelled cars and choosing to drive electric cars, also known as electric vehicles (EV), instead. And Thailand is no exception, with a growing market for EV cars in the country. The shift towards EV cars is an essential component of Thailand’s efforts to promote sustainable transportation and reduce greenhouse gas…

  • Thailand News

    Thai man’s test drive goes viral as EV’s AI says ‘I quit’

    An amusing incident involving a young man test-driving an electric vehicle (EV) has gone viral on social media today. While attempting to command the vehicle’s artificial intelligence (AI) to lower the windows, the AI responded with the unexpected phrase, “I quit,” causing a wave of laughter across the online community. The story was shared by a user on Facebook’s EV…

  • 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…

  • Business News

    Thailand shifts gears: Revving up both ICE and BEV vehicle production

    The government of Thailand is pushing for a dual-track approach to vehicle manufacturing, fostering the production of both internal combustion engine (ICE) vehicles and battery electric vehicles (BEVs). Prime Minister Srettha Thavisin stated his desire for Thailand to be a significant centre of ICE production, even as the nation aims to become a hub for BEV manufacturing. He is due to…

  • Thailand News

    Thailand’s EV initiative: Driving towards a greener future

    The Thai government has embarked on an ambitious plan to replace ageing government vehicles with electric vehicles (EVs), in line with their carbon neutrality goal set for 2050. The Thai EV initiative move was prompted by a notification issued by Prime Minister Srettha Thavisin, encouraging the use of EVs within the government sector. PM Srettha’s order, issued via the Secretariat…

  • Business News

    Charged up and rolling: GAC Aion sparks production of maiden battery EVs by June 2024

    GAC Aion New Energy Automobile, the electric vehicle (EV) wing of Guangzhou Automobile Corporation (GAC), China’s second-largest EV purveyor, outlined plans to initiate the assembly of its maiden battery EVs by June 2024. The production is slated to occur at the brand’s nascent factory within the Eastern Economic Corridor (EEC). Gu Huinan, GAC Aion’s managing director, anticipates the assembly of…

  • 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…

  • Thailand News

    Electric car fire: Week-old million baht vehicle ignites in Udon Thani mall

    A week-old electric car costing over a million baht, suddenly caught fire while being charged in front of a shopping mall in Udon Thani, northeast Thailand. The owner, a 41 year old man named Vin (pseudonym), was taken aback when 50% charged, the vehicle began to emit smoke from under the hood. Chinese engineers are currently investigating the electric car…

  • Business News

    Arun Plus aims for profitability with Thailand’s growing EV demand

    National oil and gas conglomerate, PTT Plc, is forecasting that its subsidiary company, Arun Plus Co, is likely to attain profitability in the next three to five years, fostered by higher demand from Thai drivers for electric vehicles (EVs). Arun Plus was founded three years prior when PTT ventured into the EV sector as part of its futuristic energy plan.…

  • World News

    Electrifying growth: Sprouting EV projects spark green revolution in Southeast Asia

    In a robust move towards a greener future, new Electric Vehicle (EV) projects are sprouting across Southeast Asia, signalling a collaborative endeavour between multiple corporations and academic institutions. The initiatives are set to deliver significant enhancements to EV infrastructure, comprehensive research, and expanded workforces. At the forefront is Evolt Technology, a firm specialising in EV charging services. The company has…

  • Transport News

    SRT modernisation: State railway plans 1.5 billion baht investment in electric trains

    In an attempt to modernise and become more efficient, Thailand’s State Railway (SRT) has shifted its attention towards procuring electric trains as opposed to previously planned diesel locomotives. In the words of SRT’s head, Nirut Maneephan, the altered proposal has gained the green light from the National Economic and Social Development Council (NESDC), and the SRT modernisation plan with an…