electric vehicles
- Business News
BEV sales set to outstrip targets despite stricter loan criteria
The Federation of Thai Industries (FTI) predicts sales of battery electric vehicles (BEVs) to exceed the set target of 40,000 units, by reaching between 60,000 to 70,000 units this year. This surge is despite the stricter loan criteria by banks, which pose a potential threat to Thailand’s domestic car manufacturing. According to Surapong Paisitpatanapong, vice-chairman of the FTI and spokesperson…
- 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…
- Automotive
Tesla in Thailand: The future of green mobility and autonomous vehicles
Following its debut in Thailand at the end of last year, US-based automobile giant Tesla continues to expand its influence in the Thai market. 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 Tesla cars. Tesla plans to increase the number of supercharging stations…
- Business News
EV Market soars as Thailand and Indonesia take the lead in Asia
In a global trend, electric vehicles (EVs) are steadily gaining traction in the worldwide automobile market, with significant growth realised in Asia-ASEAN countries, specifically Thailand and Indonesia. This comes as per a study undertaken by the BloombergNEF research agency. Ideally placed at the forefront of Asia-Pacific transportation, Senior Analyst of BloombergNEF, Allen Tom Abraham, projected a sharp increase in the…
- 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
Business diversification: Susco Beyond explores EV market amidst fluctuating oil prices
Susco Beyond, an auxiliary affair of Susco Plc, a prominent Thai oil retailer, persists to diversify. While an integral part of their business still revolves around the oil industry, they seek to mitigate the risks associated with fluctuating oil prices through business diversification. To this end, they have turned their attention to non-oil businesses, an example of which includes their…
- Business News
Shocking surge: Chinese EV makers eyeing membership in FTI
Chinese electric vehicle (EV) makers are expressing interest in joining the Federation of Thai Industries (FTI) to support the growth of Thailand’s emerging EV sector. The FTI is currently in discussions with Chinese automobile manufacturers and aims to reach a decision shortly, according to Surapong Paisitpatanapong, vice-chairman of the FTI and spokesman for the FTI’s Automotive Industry Club. He said……
- Thailand News
Roadblock frustration: Chiang Mai woman’s year-long struggle to register and insure EV
A Chiang Mai woman revealed her distress after buying an electric vehicle (EV) only to find herself unable to register it with the transport authorities and get insurance for over a year. The woman claims that numerous others face the same issue. A Facebook user named “Sipim Manassawat,” a young woman living in Chiang Mai province shared her harrowing experience…
- Guides
What you need to know before buying an EV Car in Thailand
Looking to make the transition from a traditionally powered car to a full eclectic vehicle (EV)? The EV market in Thailand is only getting started, and more people are becoming interested in driving EV cars. Given the skyrocketing price of oil, it seems inevitable that EV cars will soon replace fossil fuel vehicles. Plus, EV cars offer a smooth driving…
- Automotive
Thai auto industry shows resilience in 2023 Bangkok International Motor Show
The 2023 Bangkok International Motor Show came to an end on Sunday, and the numbers show that the Thai automotive industry is making a strong comeback. Car and motorcycle bookings increased by more than 35% year-on-year to 45,983 units, a figure attributed to an improving economy and the growing popularity of electric vehicles (EVs). Jaturon Komolmit, Vice-Chairman of Grand Prix…
- 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…
- Environment News
Toyota boss pumps brakes on shifting to EVs
The boss of Toyota, Akio Toyoda, is trying to pump the brakes on the shift to electric vehicles. During a recent visit to Thailand, Toyota warned that many insiders, a “silent majority,” are quietly wondering if it is a smart move for car makers to retool exclusively for electric cars. Toyoda said… “People involved in the auto industry are largely…
- Business News
Tesla to launch in Thailand this month
Elon Musk’s Tesla Motors aims to launch in Thailand this month after a period of recruiting in the kingdom. The company will sell electric vehicles (EVs) in Thailand. Tesla registered as a company in Thailand in May this year with an initial registered capital of 3 million baht. The company is releasing two cars initially, the Model 3 and Model…
- China News
Business exodus from China will ensure Southeast Asia will flourish
One of Thailand’s leading business executives believes Southeast Asia will flourish on the back of Chinese President Xi Jinping securing an unprecedented third term as leader of the Chinese Communist Party (CCP). The reelection of President Xi as CCP leader tightened his grip on the mainland and also ensured an exodus of businesses looking to relocate from China to Southeast…
- Transport News
Google Maps update makes it easy to find EV charging stations in Thailand
As more and more people opt for electric vehicles (EVs) in Thailand, Google Maps has added a feature to make it easy to find a place to charge your car. Google added the feature after searches for EV charging stations in the kingdom grew by 350% over the past year. Simply launch the app and search for EV charging stations…
- Technology News
What role for Thailand in China’s great European EV invasion?
Just over a month ago, China’s top electric vehicle (EV) maker BYD announced its first overseas factory, in Thailand. The company bought 96 hectares at Rayong industrial estate. The factory is expected to start producing in 2024 with an annual production capacity of about 150,000 vehicles. Vehicles made in Thailand will be sold locally as well as exported to neighbouring…
- 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
China’s new battery charges EV revolution in Thailand
Great news for Thailand’s commuters as they get on board with the electric vehicle (EV) revolution. A new battery has been developed to ensure travelers can get to their destination faster and uninterrupted. Chinese car manufacturer Great Wall Motor (GWM) has developed a new 20Ah sulfur-based solid-state prototype battery that could expand the range of electric vehicles to 1,000km per…
- Technology News
China-Taiwan-US spat threatens Thailand’s car industry
Thailand is bracing itself for an economic setback as China threatens to ban the export of raw materials to Taiwan needed for the kingdom’s motor industry. The Federation of Thai Industries (FTI) yesterday said it fears China will deny Taiwan the raw materials needed to make semiconductors that the Thai automobile industry is dependent on. The FTI made it known…
- Phuket News
Electric vehicles are now available to rent in Phuket, Thailand
Phuket has entered a new era of sustainability by welcoming the island’s first ever rentable 100% electric vehicle (EV). Tourists can rent the Nissan Leaf from SIXT Thailand and cruise around Phuket without producing any harmful emissions at all. SIXT Thailand partnered with InterContinental Phuket Resort on the project, who have installed a series of EV charging stations compatible with…
- Thailand News
New tax law could provide spark to Thailand’s global EV hub dream
A new tax law introduced today could provide the spark to realize Thailand’s global electric vehicle hub dream. The Excise Department in Bangkok revealed a law governing the reduction of the EV tax from 8% to 2% will be published tomorrow in the Royal Gazette and come into effect on Friday, after the Council of State finished vetting the law,…
- Thailand News
Japan provides the key to open Thai EV door
PM Prayut Chan-o-cha says Japan holds the key to Thailand becoming world’s largest electric vehicle production hub. The Thai PM yesterday told the 27th International Conference on the Future of Asia, organized by Nikkei Inc, in Tokyo, that with Japan’s support and investment Thailand could realise its EV dream. The 68 year old revealed plans to upgrade the country’s digital…
- Thailand News
Tesla registers as a company in Thailand
Tesla Company (Thailand) Ltd is now a registered company in Thailand, according to information found on the Department of Business Development’s website. The company registered today, on May 25, with an initial registration capital of 3 million baht. The primary purpose of Tesla in Thailand is to sell electric vehicles, or EVs. The company will also install and sell energy…
- Thailand News
EVs take limelight at Bangkok motor show, spurred by subsidy as fuel prices surge
Electric vehicles took centre stage at the Bangkok International Motor Show this week, where thousands gawked at the latest fuel-efficient models that car manufacturers have to offer, as global fuel rices continue to soar due to the war in Ukraine. Attendants were intrigued by the additional perk of a 15 percent government subsidy for select EVs. The show highlights the…
- Thailand News
Thai government pushes use of electric vehicles to reduce carbon emissions
The Thai government has approved a budget of 3 billion baht to subsidise the price of electric vehicles and has installed free-to-use EV charging stations at Benjakitti Park in Bangkok to promote the shift to a low carbon society. The spokesperson for the prime minister, Thanakorn Wangboonkongchan, announced today that PM Prayut Chan-o-cha aims to promote electric vehicles and make…
- 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%…
- Economy News
Ford factories in Thailand to receive a US $900 million upgrade
In an announcement today, Ford Motor Company committed to investing US $900 million – about 30 billion baht – to upgrade their factories in Thailand. The American car manufacturer vowed to modernise its production plants in Thailand that support the building of the Everest SUV and Ranger pickup truck. The 30 billion baht is the biggest single investment that Ford…
- Video
Thai expats return, Rising sea levels, Thai chillies and Adverts | Thaiger Bites | Ep. 59
Jay and Tim go through your video messages, comments and feedback from Youtube, Facebook, Instagram and Thaiger Talk forum on the website.
- 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…
- Business News
Thailand jumps on the electric bandwagon, aims to become EV production hub
The Thai government has ambitious plans to turn the Kingdom into a Southeast Asian hub for the manufacture of electric vehicles. Nikkei Asia reports that big companies in Thailand are preparing to invest substantially in the greener mode of transport, after the National Electric Vehicle Policy Committee suggested a new manufacturing target could mean half of Thailand’s auto-production is made…
- Transport News
Thailand aims for only electric vehicles by 2035
Thailand has announced an ambitious plan to move to only sell zero-emission electric vehicles by 2035 as it aims to be at the forefront of the electric car market. Right now in Thailand, less than 1% of the vehicles on the road are electric but an advisor to the Energy Ministry’s national policy committee said that it’s clear the world…
- Business News
Huge potential for electric car industry in Thailand
Have you considered getting an electric car yet? What’s your impediment? Cost? Selection? Too ‘out there’ for you at this stage? Electric cars (EVs) are yet to go mainstream in Thailand as yet. But there is little doubt the popularity of locally built and imported EVs will rise over the next few years. There will be more choice, the cars…
- 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…
- Thai Life
The Long March towards electric cars
by Syed Mansur Hashim – The Daily Star They’ve sold 770,000 electric vehicles last year, up 50% on the year before. And there’s already 352,000 electric buses on their roads already. When it comes to electric vehicles (EVs), the world has some catching up to do. According to Forbes magazine, Chinese manufacturers produced and sold 770,000 EVs in 2017. This…
