electric vehicles
- Business News
Used car market in a jam as electric vehicles spark trouble
The used car market is in dire straits, with a shocking downturn blamed on the economic slump, soaring non-performing loans (NPLs), and the growing allure of electric vehicles (EVs), warns Tris Rating. In a jaw-dropping revelation, used car hire-purchase firms have reported a staggering 93% plunge in profits year-on-year for the first half of 2024. Motorcycle hire-purchase companies haven’t fared…
- Automotive
Best MPV car models for families
Are you looking for the perfect MPV for your family? These MPV cars offer comfort, safety, and plenty of space for everyone. Designed for daily drives and family trips, they provide ample room for passengers and luggage. With features like advanced safety systems and entertainment options, MPVs enhance your travel experience. Whether you need extra space for kids or gear,…
- Thailand News
Thailand car makers must shift into gear for EV production by 2026
In a bold move that’s set to shift gears in the automotive world, the Excise Department declared that car manufacturers cashing in on the government’s electric vehicle (EV) incentives must start cranking out key components right here in Thailand by 2026. That’s the word from Excise Department Director-General Ekniti Nitithanprapas. Ekniti has laid down the law, insisting that the electric…
- Business News
EV battery boom: Can AI help Thailand drive to the top?
Thailand is revving up for a major geopolitical boost by focusing on electric vehicle (EV) batteries and auto components, including integrated circuit packaging and testing. According to Taiwan’s Profet AI, the key to speeding up product delivery, slashing costs, and raising standards lies in adopting cutting-edge artificial intelligence (AI) amid ongoing economic headwinds. Jerry Huang, co-founder and CEO of Profet…
- Pattaya News
Pattaya amps up city services with an ‘electrifying’ EV overhaul
Pattaya City is sparking a revolution in government services with a groundbreaking new project to integrate electric vehicles (EVs) into its operations. In an exciting collaboration with seven prototype municipalities and Pathum Thani University, the city officially signed a memorandum of understanding (MoU) to kick off this forward-thinking initiative. The signing took place yesterday, August 13, in the Thappraya Room…
- Transport News
Hyundai’s 1-billion-baht ‘charge’ lights up Thailand’s electric future
Hyundai Mobility Manufacturing (Thailand) is set to produce battery electric vehicles (BEVs) and batteries in Thailand by 2026, following the approval of its 1-billion-baht project by the Board of Investment (BoI). The announcement came after the project received approval under the second-phase electric vehicle (EV) incentive package, known as EV3.5, which was confirmed yesterday, August 8. The Thai government offers…
- Business News
Thai gear shift: BOI revs up JV incentives for global auto partners
Thailand announced incentives to encourage joint ventures (JV) between Thai and foreign companies to produce automotive parts for various propulsion systems, the Board of Investment (BOI) revealed yesterday. Recognised as Southeast Asia’s leading automotive production hub, Thailand also serves as a significant export base for prominent global car manufacturers. The government is keenly promoting investments in electric vehicles (EVs), offering…
- Business News
Shocking slump: Thailand’s premium EV sales plunge 35%
Thailand has experienced a significant decline in the sales of premium electric vehicles (EVs), dropping 35% year-on-year in the first half of the year. Despite this downturn, BMW remains optimistic about its EV sales, banking on the appeal of its newly launched models in the Mini family in Bangkok. Sales of premium EVs fell to 3,844 units between January and…
- Thailand News
Tokio Marine updates electric vehicle insurance policy in Thailand
Tokio Marine Insurance (Thailand) Public Company Limited recently announced changes in its electric vehicle (EV) insurance policy, which came into effect yesterday, July 1. The news sparked significant discussion among EV users. Tokio Marine Insurance clarified that it would continue to provide insurance for EVs. The company explained its decision to revise the premium calculation method, influenced by the fluctuating…
- Thailand News
DLT proposes four new electric bus routes for Rangsit station
The Department of Land Transport (DLT) proposes four new electric bus routes to improve connectivity to the State Railway of Thailand’s (SRT) Red Line Rangsit Station in Pathum Thani province. The plan aims to address the inadequacies in the current feeder system, which were highlighted by a recent Transport Ministry survey. Transport Ministry spokesperson Krichanont Iyapunya stated that the DLT’s…
- Business News
US imposes major tariffs on Chinese EVs and semiconductors
The United States recently imposed substantial tariffs on Chinese products, focusing particularly on electric vehicles (EVs) and semiconductors. This move is expected to push China to expand its EV manufacturing within Asia, with Thailand emerging as a significant export hub, according to the Federation of Thai Industries (FTI). President Joe Biden’s administration cited Beijing’s unfair trade practices as the reason for…
- Business News
Euro EV sales dip but Thai operators charge ahead with optimism
Despite a recent 11% drop in electric vehicle (EV) sales in Europe, Thai business operators remain optimistic about local EV market growth. They believe that the circumstances in Thailand significantly differ from those in Europe, making direct comparisons of the two markets inappropriate. The European EV market downturn, says Bloomberg, is attributed to factors such as high insurance and repair…
- Thailand News
Toyota’s electric pickup fleet revs up Thai beaches
Toyota’s groundbreaking project in Pattaya showcases nine fully electric Hilux Revo pickup trucks revamped for public transport, marking a pivotal moment in Thailand’s automotive landscape. Reflecting Japan’s determination to reclaim the electric vehicle (EV) market throne from Chinese rivals, this initiative aims to redefine urban transit in the Land of Smiles. Surapoom Udomwong, Executive Vice President of Toyota Motor Thailand…
- 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
Vinfast challenges Chinese targeting Southeast Asia’s EV market
Vinfast, a Vietnamese electric vehicle (EV) producer, is contending with Chinese automobile manufacturers to market its EVs within Southeast Asia, leveraging the ASEAN Free Trade Agreement (AFTA). The firm eyes Thailand as the initial export venue, based on the country’s fast-growing EV market which promises lucrative business opportunities, according to Vu Dang Yen Hang, chief executive of Vinfast Auto (Thailand).…
- 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 –…
- Automotive
The complete history of Apple’s visionary car project
In 2014, Apple launched Project Titan, a bold initiative aimed at redefining transportation through the creation of an electric vehicle. This project intended to transform the automotive sector by integrating Apple’s signature innovation with sophisticated automotive engineering. Assembled with a team of over 1,000 specialists and engineers, this endeavour attracted considerable global interest and expectation. However, by February 2024, Apple’s…
- 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
How to handle a drained EV battery and avoid future incidents
Finding yourself with a drained EV battery can be a stressful moment, especially if you’re far from home. But don’t worry, there are several steps you can take to get back on the road. Whether you’re a seasoned electric vehicle owner or new to the EV scene, knowing what to do in this scenario is crucial. Preparation is key to…
- 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…
- Transport News
Automakers’ ties to forced labour in China under scrutiny, says HRW report
Five prominent automakers, including Toyota, General Motors, Volkswagen, Tesla, and China’s BYD, have questionable ties to forced labour in China’s Xinjiang region, as identified by a report by Human Rights Watch (HRW). Xinjiang, an important aluminium producer contributing to approximately 9% of the global supply, has been linked to state-sponsored labour transfer programs accused of coercing Muslim minorities into forced…
- 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…
