electric vehicles
- 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…
- Thailand News
BYD electric bus charges Thong Lo roads in Bangkok
In a move towards eco-friendly commuting, BYD, the leading electric vehicle (EV) manufacturer from China, has unleashed its electric bus onto the bustling streets of Bangkok. Offering complimentary rides to commuters in the vibrant Thong Lo area until April 30, this trial run marks a pivotal moment in Thailand’s transportation landscape. Under the auspices of Rever Commercial Vehicles Ltd, the…
- Thailand News
Nex Point Plc and Toyota Group unveil hydrgen-powered trucks
In a move towards greener transportation solutions, commercial electric vehicle (EV) giant Nex Point Plc has joined forces with Toyota Tsusho and Denso from Japan to pioneer hydrogen fuel cell vehicle (FCEV) trucks in Thailand. This groundbreaking memorandum of understanding aims to revolutionise the country’s transport sector and reduce greenhouse gas emissions. CEO Khanist Srivajiraprabha highlighted the significance of applying…
- Business News
Chinese automaker Hozon aims to double its EV sales in Thailand
Hozon New Energy Automobile Co, a Chinese manufacturer operating as Neta Auto, has set a target to double its electric vehicle (EV) sales in Thailand to 30,000 units this year. The announcement was made during last month’s Bangkok International Motor Show. The company’s swift rise in popularity in Thailand, a market previously dominated by legacy automakers, is a testament to…
- 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…
- Business News
Shocking surge: Thailand market sparks rise in EV loans
The Thai market is seeing a rise in loans for electric vehicles (EVs), as they are projected to lead the expansion in auto lending this year. Krungsri Auto, a prominent auto loan provider and a Bank of Ayudhya (Krungsri) unit, has projected new EV sales to climb to 100,000 units this year, a significant increase from 76,000 units the previous…
- Automotive
Thailand’s journey from traffic jams to green mobility solutions
In Thailand, the automobile transcends its conventional role as a mere vehicle for transportation; it is a critical component influencing lifestyles and mobility dynamics. Amidst the vibrant streets and evolving urban landscapes, an exploration of Thai cities unveils a sophisticated interplay among automobiles, cultural practices, and infrastructural developments. This article aims to elucidate how automobiles significantly impact daily existence –…
- Business News
Thailand’s car industry hits the brakes: Production plunges 20%
With a significant decrease in production, Thailand’s car output experienced a 19.28% year-on-year slump in February, with the total units produced amounting to only 133,690, as reported by the Federation of Thai Industries (FTI). The numbers, attributed predominantly to the reduced production of pickup trucks and increased imports of electric vehicles (EVs), starkly contrast the 12.46% dip recorded in January.…
- Automotive
Are hybrid vehicles the smart choice for Thailand’s future mobility
In Thailand, the discussion surrounding hybrid vehicles is intensifying with each passing day. There’s widespread acknowledgement of their potential benefits: enhanced environmental friendliness, reduced fuel expenditure, and a representation of the future in automotive technology. However, the question remains whether hybrid vehicles genuinely represent the optimal choice for Thai motorists. It is imperative to scrutinize both the facts and misconceptions…
- Thailand News
Thailand to host prestigious Formula E electric-car championship
The Government of Thailand is set to welcome the prestigious Formula E electric-car racing championship in the coming year. This revelation was made by Prime Minister Srettha Thavisin on his X account yesterday, following an engaging conversation with a senior executive of Formula E. Formula E, also known as the ABB FIA Formula E World Championship, has earned global recognition…
- Automotive
EV expectations vs reality: The truth behind electric cars
When you’re in the market for an electric vehicle (EV), the allure of cutting-edge technology and the promise of a greener future are hard to resist. Manufacturers tout impressive ranges and revolutionary designs, painting a picture of the seamless transition from traditional petrol cars to electric marvels. Yet, once you dive into the world of EVs, you might find a…
- Automotive
Tesla in Thailand: The future of green mobility and autonomous vehicles
Following its debut in Thailand at the end of 2022, US-based automobile giant Tesla continues to expand its influence in the Thai market and it is also exciting to purchase a new car in Thailand. With a test centre open in Ramkhamhaeng, customers can try driving various Tesla models as they wish, buy Tesla products, and pick up their ordered…
- Health
Thailand battles rising health risks from PM2.5 air pollution levels
Ever wondered why the air in Thailand often feels thicker and harder to breathe? The culprit behind this is PM2.5, microscopic particles that can wreak havoc on your health. Thailand faces a significant challenge with high levels of PM2.5, particularly during certain times of the year. Understanding the causes behind these elevated levels is crucial for both residents and visitors…
- Automotive
How cars fuel PM2.5 pollution & what we can do about it
When you think about air pollution, vehicles might not be the first thing that comes to mind. Yet, they play a significant role in the amount of PM2.5, those tiny particulate matters that can wreak havoc on your health. Research reveals that both diesel and gasoline-powered cars contribute to PM2.5 levels, but the impact varies depending on the vehicle’s age…
- 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
EV and SUV sales set for boost in Thailand amid automotive industry changes
This year, the automotive industry anticipates uneven sales growth, shaped by motorists’ evolving preferences and lenders’ decision-making. Electric vehicle (EV) makers and banks will be crucial in shaping domestic sales, especially within the pure pickup category. As per the Federation of Thai Industries (FTI), EVs, pickup passenger vehicles (PPVs), and sport utility vehicles (SUVs) are predicted to be this year’s…
- Business News
Nex point projects commercial EV sales to hit 5,556 by 2024
Nex Point, a SET-listed local assembler of commercial electric vehicles (EVs), is forecasting sales to hit 5,556 units by the end of 2024. This projection stems from an increased demand from businesses operating in the transport and logistics industries. A rise in such interest is tied to these sectors’ growing commitment to lower carbon emissions. Between January and September of…
- Thailand News
Germany backs Thailand’s pursuit of becoming regional EV hub
Germany pledged to increase its stake in the electric vehicle (EV) sector in Thailand, paving the way for the nation to emerge as a regional EV hub, according to Prime Minister Srettha Thavisin. This announcement was made during a press briefing on Thursday, following a discussion with Frank-Walter Steinmeier, President of Germany, who is on a three-day official visit to…
- Business News
Elon Musk warns Chinese automakers set to drive global rivals off the road
Tesla CEO Elon Musk issued a stark warning, predicting that Chinese automakers will demolish global competition if trade barriers are not enforced. This statement highlights the intense pressure the leading American electric vehicle (EV) company faces from Chinese rivals such as Build Your Dreams (BYD), which are rapidly expanding their global presence. Musk’s warning follows recent developments where BYD, supported…
- Business News
Changan Automobile targets selling 20,000 EVs in Thailand this year
With positive optimism about the electric vehicle (EV) market in Thailand, Changan Automobile, a renowned manufacturer based in Chongqing, China, has set an ambitious plan. The company aims to sell 20,000 EVs in Thailand within this year and has designated the nation as its strategic export hub. Shen Xinghua, who chairs Changan Auto Sales (Thailand), revealed that the Thai government’s…
- Thailand News
Thai lithium deposits outmatch global counterparts boosting EV production
A Thai geochemistry specialist recently confirmed that two primary lithium deposits located in Phang Nga hold an elevated concentration of lithium, surpassing many other significant deposits worldwide. This discovery reinforces the Thai government’s ambitious strategy to establish Thailand as a key producer of electric vehicles (EVs) and their components. The lithium sites in this southern province have been identified by…
- 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…
- 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…
- Business News
Thai firm energy absolute predicts 20% revenue growth by 2024 driven by EV demand
Energy Absolute (EA), a developer and operator of renewable energy and electric vehicles (EVs) listed on the Stock Exchange of Thailand, anticipates a minimum of 20% revenue growth by 2024. This increase, it suggests, will be primarily driven by the escalating demand for EVs in Thailand. The tourism sector’s recuperation and corporate demand for employee shuttle services are likely to…
- Transport News
Thai EV solutions provider teams up with Chinese manufacturer for electric taxis
In an innovative move to capitalise on the upswing in electric vehicles (EVs) in Thailand, EVme Plus Co, a leading EV solutions provider, is partnering with a Chinese EV manufacturer. This collaboration is aimed at promoting the usage of battery-powered cars among taxi drivers. EVme Plus Co is a part of the oil and gas colossus PTT Plc. The company…
- 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…
- Pattaya News
Global EV trend surges with Thailand joining the race
A surge in the global trend of electric vehicles (EVs) usage has been highlighted by Poonphong Naiyanaphakorn, the director of the Trade Policy and Strategy Office. This information was shared with the public on a day not too long ago. The International Energy Agency (IEA) has predicted that the total EV sales are set to rise from 10 million units…
- Business News
Thailand’s first locally made portable EV charger launched by Anitech
Smart ID Group, renowned for manufacturing electronic devices under the Anitech brand, has unveiled Thailand’s first locally produced portable electric vehicle (EV) charger. The product, dubbed Anitech EV-One, is a high-quality offering that has achieved Thai Industrial Standards certification. The launch capitalises on the firm’s 18 years of track record in the consumer electronics sector, according to Thomas Hongpakdee, the…
- Phuket News
Phuket earmarks 156 million baht for 24 EV buses and charging stations
The Phuket Provincial Administrative Organisation (PPAO) confirmed the allocation of 156 million baht (US$4.7 million) from this year’s budget for the purchase of 24 electric vehicle (EV) buses. These air-conditioned buses, each with a capacity of 21 seats, are set to serve three public routes across the province. The announcement was made during a Phuket Provincial Land Traffic Subcommittee meeting,…
- Business News
EV sales in Thailand to hit 50,000 despite auto loan regulations
The Thailand Automotive Institute (TAI) anticipates a surge in electric vehicle (EV) sales to 50,000 units this year. This comes despite challenges such as diminishing purchasing power, rampant household debt, and the implementation of stricter auto loan regulations by banks. Last year, local EV sales in Thailand saw approximately 20,000 units sold. The popularity of EVs in the country can…
