EVs
- Business News
Bangkok Motor Expo shifts into high gear to rev up bookings
Buckle up, folks! The 41st Bangkok International Motor Expo is zooming into town tomorrow, and car distributors are hoping for a much-needed boost in bookings, despite the market feeling like it’s stuck in first gear. Last year saw a whopping 53,248 bookings, and this time around, organisers are revved up to beat that record this year. Kwanchai Paphatphong, the man…
- Business News
Thailand to launch 130 billion baht sustainability-linked bonds for 2025
The Public Debt Management Office (PDMO) is gearing up to introduce a sustainability-linked bond (SLB) valued at 130 billion baht for the fiscal year 2025. This move aligns with the country’s commitment to reducing carbon emissions and promoting the use of electric vehicles (EVs). An initial release of bonds worth 20 to 30 billion baht (US$588 to 882 million) is…
- Business News
EGAT to add 110 EV charging outlets in Thailand this year
The Electricity Generating Authority of Thailand (EGAT) is intensifying its electric vehicle (EV) solution services, notably by expanding charging outlets, to capitalise on the burgeoning EV market and support Thailand’s carbon reduction goals. EGAT’s expansion follows its pilot-scale operations in collaboration with state agencies and building owners. With 50 years of expertise in electricity supply and transmission system development, EGAT…
- Business News
Gearing down: Thai auto parts makers face shock as EVs speed ahead
Thai auto parts manufacturers for internal combustion engine (ICE) vehicles face significant disruption due to the rising popularity of electric vehicles (EVs), according to Tru Automotive, a supplier of auto parts under the TRW brand. Pornsak Ariyapongpairoj, Managing Director of Tru Automotive, stated that sales of parts for ICE cars are expected to decline as EV makers do not use…
- 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…
- Transport News
Chinese EV makers dominate Southeast Asia, ICE cars decline
Chinese electric vehicle (EV) sales are rapidly increasing in Southeast Asia, with China’s BYD (Build Your Dreams) and Vietnam’s VinFast spearheading the charge. Counterpoint Research reported that EV sales in the region more than doubled from January to March compared to the same period last year, while sales of internal combustion engine (ICE) cars decreased by 7%. The previous year…
- 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…
- Thailand News
Thai EV drivers demand more charging stations for smoother travel
Electric vehicle (EV) owners are voicing concerns over a lack of charging stations, as they scramble to charge their vehicles before embarking on the Korat-Bang Pa-in Motorway. The public is calling on the government to seriously support the increasing use of EVs. As people steadily return to Bangkok and central and eastern provinces, those driving EVs must plan their journeys…
- 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
Great Wall Motor targets 50% growth in Thailand this year
China‘s Great Wall will target 50% growth in Thailand this year. Great Wall Motor’s Ora Good Cat is already the top-selling electric vehicle in the kingdom. Great Wall Motor aims to increase sales in Thailand by 50% this year, the privately owned automaker said on Friday, while also planning to launch production of electric vehicles in Thailand in 2024. GWM…
- 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…
- 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
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…
- 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%…
- 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…
- 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
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…
