electric vehicles
- 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…
- Business News
Thailand expects major rise in EV imports under new four-year plan
The director-general of the Excise Department projected a significant increase in electric vehicle (EV) imports, with an estimated 175,000 units expected to reach Thailand within two years. This comes as part of a four-year plan, EV3.5 (2024-27), which requires importers to establish a production base in the country from 2024-25 onwards, to replace imports with domestically produced EVs. The plan…
- 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…
- Thailand News
Thailand poised to become regional hub for electric vehicle production
Thailand is stepping into the spotlight as a potential regional centre for Electric Vehicle (EV) manufacturing, bolstered by Prime Minister Srettha Thavisin‘s confidence and support. This sentiment was shared with the public on December 1 by the Government Spokesperson, Chai Watcharong. PM Srettha has reportedly been working closely with various agencies to encourage and aid international private entities, particularly those…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- World 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…
- 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
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…
