electric vehicles
- Business News
Thailand’s EV market hits a speed bump in incentive race (video)
Thailand’s electric vehicle (EV) market is experiencing a jolt as major manufacturers weigh the pros and cons of staying plugged into the nation’s incentive scheme amidst a slowdown. With the EV sector currently stuck in neutral, the Electric Vehicle Association of Thailand (EVAT) hints that automakers might be on the verge of bypassing subsidies and revisiting their production game plans.…
- Thailand News
Thailand cuts car taxes to boost electric vehicle production
Thailand’s National Electric Vehicle Policy Committee has approved a revamped car tax structure to bolster the production of hybrid vehicles and transition from internal combustion engines to electric power. Chaired by Prime Minister Paetongtarn Shinawatra, the committee aims to position Thailand as a leading hub for electric vehicle (EV) and electric motorcycle production in Southeast Asia. Narit Therdsteerasukdi, the Secretary-General…
- Thailand News
Dealerships pivots to showroom leasing amid EV market surge
A major car dealership and previously an official Mitsubishi car dealer located in Rangsit, has decided to pivot its business strategy, opting to lease its showroom space due to the rising trend of electric vehicles (EVs) in Thailand. This decision comes as the company faces rapid changes in the automotive market and a decline in car sales, coupled with increasing…
- Business News
Michelin shifts gears: Revs up investment amid Thailand’s EV push
Iconic French tyre manufacturer Michelin is turbocharging its investment in Thailand, eager to ride the wave of the government’s electric vehicle (EV) push, even as local car sales take a dip. With the pedal to the metal, Michelin plans to rev up sales by rolling out cutting-edge products and eco-friendly technologies in line with the global shift towards sustainable business…
- Thailand News
Thailand gears up for excise tax as it charges into electric future
Thailand is set to adjust its automotive excise tax structure to reflect the global shift towards electric vehicles (EVs), according to Deputy Finance Minister Paopoom Rojanasakul. This move aims to harmonise local policies with international trends in the automotive industry, particularly as the competition between battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) intensifies. Paopoom highlighted the uncertainty…
- 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…
- Bangkok News
Thai Smile Bus launches electric bus services across Bangkok
Thai Smile Bus (TSB) launched 24-hour air-conditioned bus services across 13 routes in Bangkok, featuring electric-powered buses operating every hour. This initiative aims to assist night-shift workers who struggle with transportation. The service began today, August 20. Kulapornphas Wongmacharapinya, CEO of Thai Smile Group, announced that the licenced public transport provider has expanded its services to meet the demand for…
- 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…
- Automotive
The top auto industry leaders gathered in Pattaya for the SMM automotive conference
The ASEAN Automotive Supply Chain Conference, organised by Shanghai Metal Market, was held at the Hilton Pattaya, Thailand, from June 18 to 19, 2024. The forum, themed Dual Circulation for Global Development, spotlighted the significant transition within China’s automobile industry, focusing on the shift from internal combustion engines to new energy vehicles and the global expansion of its industry chain…
- 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
Automotive giants shift gears towards BEVs and HICEVs
The fight against climate change has urged automotive industry leaders to focus on battery electric vehicles (BEVs) and hydrogen internal combustion engine vehicles (HICEVs). This is a critical step in reducing the greenhouse gas emissions caused by traditional internal combustion engines and contributing to a more sustainable transport future. Original Equipment Manufacturers (OEMs) worldwide have made the bold commitment to…
- 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…
- 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
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…
- 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
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
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…
- 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…