vehicle market
- Automotive
Thailand automotive sales in 2024
Thailand’s car market is all over the place in 2024. After a tough 2023 with a 9% drop in sales and a slow economy, there’s some hope. Toyota, for example, wants to boost sales by 4%, aiming for 277,000 units to keep its big market share. Electric cars (EVs) are the big thing. Even though the first quarter of 2023…
- Business News
Thai car production drops 11.02% in April amid long holidays
Car production in Thailand experienced a significant decline of 11.02% in April from the previous year, with total units produced amounting to 104,667, according to the Federation of Thai Industries (FTI). This decrease follows a more substantial drop of 23.08% year-on-year in March. The FTI attributed April’s reduced production figures to long holidays during the month. For the January to…
- Automotive
Electric car sales to surge by 2024 despite economic challenges
The International Energy Agency (IEA) predicts a robust growth in the sales of electric cars in 2024, despite economic challenges in certain markets. Key driving factors for this surge include affordability and the development of charging infrastructure. The IEA estimates that electric car sales will reach 17 million this year, a boost from 14 million the previous year. This indicates…
- 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…
