EVs
- Automotive
The future of electric vehicles in Thailand
As of 2024, Thailand has approximately 150,000 electric vehicles (EVs) on the road. This figure reflects a significant increase from previous years, driven by government incentives and a growing consumer preference for sustainable transportation. The Thai government aims for 30% of all vehicles produced in the country to be electric by 2030, further encouraging the adoption of EVs. The rise…
- Business News
Second-hand tsunami: Used car flood drives Thai sellers to despair
A torrent of high-quality used cars flooding the market might sound like a bargain hunter’s dream but it’s turning into a nightmare for sellers. While buyers drive off with the deals, automakers in Thailand are hitting potholes trying to move new stock, and used car dealers are struggling to keep sales engines running. The second-hand car market skidded to a…
- Business News
Bridge Alliance and Deutsche Telekom spark a new IoT connection
Bridge Alliance, the heavyweight coalition of telecom giants, has just struck a blockbuster deal with Deutsche Telekom AG, Europe’s telecom titan. This game-changing partnership aims to turbocharge growth in the booming Internet of Things (IoT) sector. With Deutsche Telekom on board, Bridge Alliance’s roster balloons to 35 operators, now covering over 100 markets and reaching more than a billion customers…
- 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
Shock to the system: Chinese EV makers’ global charge struggle
Chinese electric vehicle (EV) makers face a challenge in maintaining their global image as price competition abroad raises concerns about the quality and reliability of their cars, according to consultancy Bain & Co. Bain & Co advises Chinese EV manufacturers, who already have a cost advantage over international competitors, to shift their focus to premium and expensive models rather than…
- Business News
Chinese EV investments in Thailand linked to zero dollar tours
Chinese Electric Vehicle (EV) makers’ investments in Thailand have sparked comparison with a notorious scam, the zero dollar tours, among some industry insiders. The scam, which came into the limelight in 2016, involved Chinese tourists being enticed with inexpensive tour packages in Thailand, only to be compelled to purchase overpriced souvenirs and services. The parallel is being drawn because Chinese…
- Automotive
Electric dreams: 2024’s game-changing EV innovations
As you delve into the world of electric vehicles (EVs) in 2024, you’re stepping into a rapidly evolving landscape. The shift towards electric mobility is gaining momentum, with used EV sales playing a pivotal role in making green transportation more accessible. This surge in interest is not just about new models hitting the market; it’s about how the availability of…
- Automotive
Watts up with EVs? Decoding consumer attitudes
Electric vehicles (EVs) are rapidly carving out a niche in Thailand’s automotive landscape, spurred by a growing awareness of environmental concerns and the urgent need to slash greenhouse gas emissions. As traditional combustion engines increasingly fall out of favour, EVs are stepping up as the green alternative, promising a cleaner, more sustainable future on the roads. Consumer attitudes towards EVs…
- Business News
Electric dreams charge ahead: Aiming for a ‘shocking’ 359,000 EVs in the next year
Aiming for a substantial boost in their electric vehicle (EV) production, Thai authorities have set a target of 359,000 units for the coming year. This ambitious plan is supported by a 39.5 billion baht investment, as confirmed by industry insiders. The Office of Industrial Economics (OIE) is optimistic that the state’s EV policy, coupled with incentives for investment, will lead…
- Business News
Ford Thailand revs up for turbocharged pickup comeback as year-end season approaches
Ford Thailand, the driving force behind Ford Motor’s presence in the country, is gearing up for a turbocharged comeback in pickup sales as we cruise into the final quarter of the year – a season traditionally revved up for car enthusiasts. This resurgence is expected to shift into high gear thanks to the bumper crop of income flowing in from…
- Business News
Krungsri Auto targets 1/3 EV lending market share amid 203% growth forecast
Krungsri Auto, a leading automotive finance company under the Bank of Ayudhya, is targeting a one-third market share in electric vehicle (EV) lending this year. The firm anticipates a 6% decline in new motorcycle sales, amounting to 1.7 million units, mainly due to a high base effect. Out of these, 30,000 units are expected to be electric motorcycles, an increase…
- Business News
31% of Thais eye battery electric vehicles as next car choice
A recent survey by Deloitte Thailand revealed that 31% of Thai consumers are likely to opt for a battery electric vehicle (BEV) as their next car, the highest percentage in Southeast Asia. Despite this, internal combustion engine vehicles continue to be the preferred choice in the region. The survey, conducted between September and October last year, focused on consumer behaviour…
- 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…
- Technology News
For Tesla Thailand, all bumpy roads lead to China
For newly-minted Tesla Thailand, there’s a bumpy road ahead, and it leads back to China. Tesla began sales in Thailand, just over a week ago, offering its popular Model 3 and Model Y at prices that compete with rivals like BYD. The company staged a glitzy showcase of its plans at Bangkok’s Siam Paragon mall with vehicles to be delivered…
- 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…
- 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…
- 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
Boost in car sales, enthusiasm for EVs – Bangkok’s annual motor show – VIDEO
Petrol-powered cars are still in vogue, but electric vehicles, or EVs, are on the rise. That’s the takeaway from this year’s Bangkok International Motor Show, which recorded sales of some 34,000 vehicles, nearly a 14% increase compared to last year. The 43rd edition of the popular motor show took place over a span of two weeks at Impact Muang Thong…
- 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…
- Transport News
The latest on EV production in Thailand
Thailand car makers are ramping up the production of electric vehicles after the Thailand Board of Investment approved new electric vehicle projects. The 24 projects allow car makers to produce electric vehicles of all types, including hybrid electric vehicles, plug-in hybrid electric vehicles and battery electric vehicles. BOI data shows that these types of EVs will have a combined capacity…
- Transport News
Thailand’s electric vehicle market is underway, with commercial EV’s in focus
Thailand’s electric vehicle market is underway, with companies focusing on the commercial EV’s as a starting point. As many expect EV’s to be the future of the auto industry, many companies are now making the switch to renewable energy. One company that is trying to get ahead of the game, is that of Bangkok-based Energy Absolute. The biodiesel producer and…
- Thailand News
Deputy PM says relying on tourism is “unacceptable”
Thailand’s deputy PM says that relying too much on tourism is “unacceptable.” In Supattanapong Punmeechaow’s speech, he said that the tourism industry will never be allowed to recover to its previous levels. For years, Amazing Thailand was the nation’s slogan, which brought in $56.2 billion in 2019 alone, but after Covid struck, it is clear that there has been a…
- Transport News
Thailand charges towards an electric car future, with a few speed bumps
Thailand has the biggest automotive industry in Southeast Asia and the 12th largest in the world. Most of those coming out of Thai factories, well just about all really, are standard internal combustion engines with a few ‘hybrid’ models sprinkled in there as well. The hybrids include electric motors and charging systems which saves fuel and load on the petrol engines. But there…
- Technology News
The Tesla of Thailand takes on the big car-makers
There are less than 1,500 battery-powered vehicles in Thailand. Thai billionaire Somphote Ahunai wants to change that with his Energy Absolute. He envisions a total closed universe where he makes the cars, builds the charging stations, then provides the electricity to power the charging stations. The popularity of motorcycles and the busy streets of South East Asia cities are just…
- Environment News
Electric vehicles on the rise but the take up is slow in Thailand
“Two trends will develop in Southeast Asia. The first is new operators of EV taxi fleets such as cars and motorcycles, and the second is electric buses for public transport.” Justin Wu, head of Asia-Pacific for Bloomberg New Energy Finance (BNEF) says the electric vehicles (EVs) remain expensive and unaffordable for individual buyers in Thailand and ASEAN. Mr. Wu says…
- 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…
