electric vehicles
- Business News
Volt-face: Volvo shifts gears with new EV offerings in Thailand
Volvo Car Thailand is gearing up for modest growth in car sales, capped at 5% this year, by revving up its appeal with fresh electric vehicle models and an innovative battery repair service. This bold strategy aims to keep long-term maintenance costs low for drivers and attract more eco-conscious consumers. Chris Wailes, managing director of Volvo Car Thailand and Malaysia,…
- Business News
Fuelling growth: Thailand’s energy use rises as tourism powers up
The Department of Energy Business revealed fuel consumption in Thailand saw a 2.1% rise last year, reaching a daily average of 155.4 million litres, in tandem with an estimated GDP growth of 2.6-2.7%, largely fuelled by bustling tourism-related industries. In 2023, total fuel consumption was slightly less, at 152.3 million litres per day. Jet fuel, driven by the surge in…
- Thailand News
EV ferries set to recharge routes between Surat Thani-Koh Samui
Ferry services shuttling electric vehicles (EVs) between mainland Surat Thani and the idyllic shores of Koh Samui are set to resume on Tuesday, following a three-month hiatus prompted by safety concerns. Phutthapong Wimolphan, the Deputy Managing Director of Raja Ferry Port Plc, broke the news today, February 7, revealing that the company will offer this service twice a week, every…
- Business News
Red light: Thailand’s car industry caught in hybrid dilemma
Thailand’s car production industry, a powerhouse of the national economy, stands at a pivotal red light crossroads. The decision now looms large: should the focus be on propelling battery electric vehicles (BEVs) into the spotlight, or should there be a concerted effort to guide the internal combustion engine (ICE) sector through a transitional phase towards electric vehicles (EVs)? With the…
- 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…
- Transport News
EV excitement with a shock: Thailand’s green dream hits a snag
Thailand’s electric vehicle (EV) industry may be sparking excitement but beneath the surface, a storm of challenges is threatening to short-circuit the nation’s EV ambitions. Despite a surge in EV usage, the sector is grappling with poor domestic car sales, sluggish economic growth, crippling household debt, and cutthroat pricing wars that could derail its progress. Chinese EV manufacturers, with their…
- 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…
