The local electric vehicle market will continue to grow rapidly, driven by more investment from Chinese EV makers in Thailand, causing manufacturers to cut prices to attract consumers, according
READ MOREWe have revised our electric vehicle (EV) sales forecast for Thailand substantially higher in light of a much better than expected first-half performance, with EV
READ MOREThailand will remain the largest electric vehicle market in the South East Asia region going forward, as prospects of consumer-focused incentives will supplement
READ MOREAt the Bangkok Motor Show, BYD, China''s leading electric vehicle maker, launched its new low-priced electric hatchback at 799,999 baht ($23,457), half the global average price for an electric vehicle.
READ MOREBANGKOK -- Automakers from China, Japan and Europe are racing into Thailand''s electric vehicle market, lured by government subsidies and forecasts of rapid growth in the sector as more people
READ MOREInside Thailand''s EV Revolution. PUBLISHED : 6 Jun 2022 at 13:41. SPONSORED CONTENT. 7. From luxury cars to tuk-tuks, an electric era dawns. By end of 2022, a fully-electric Mercedes-EQS will
READ MOREValue of EV market in Thailand 2016-2025; Electric vehicle adoption rate Thailand 2019-2023, by segment; The most important statistics. Number of vehicles Thailand 2023, by type;
READ MOREAs of 31 December 2021, there were 11,382 battery-powered electric vehicles (including cars, motorcycles, trucks, buses, and tuk-tuks) registered in Thailand, along with 31,145 plug-in hybrid electric vehicles and 196,582 hybrid electric vehicles. [6] The EV market in Thailand picked up rapidly in 2023, with 44,045 new registrations in
READ MOREELECTRIC VEHICLE INDUSTRY. Why Thailand for the Electric Vehicle Industry? Global & Local Demand. According to the International Energy Agency (IEA),
READ MOREThis will push Thailand''s EV penetration rate (EVs as a percentage of total vehicle sales) to 8.7% in 2023, a meaningful increase from 3.8% in 2022. Over our 2023-32 forecast period, we forecast
READ MOREThe year 2022 marks a noteworthy year for a quantum leap in Thailand''s electric vehicle market. Against the backdrop of Thailand''s commitment to carbon neutrality and net-zero greenhouse gas emissions at COP26, combined with the unexpected uncertainty in oil and gas prices, Thailand''s EV market has accelerated to a new peak.
READ MOREThailand''s electric vehicle (EV) ecosystem is undergoing rapid development, marked by diverse segments experiencing substantial growth and dynamic
READ MOREThe biodiesel producer and renewable energy company started evolving into the commercial EV business back in 2019. In March of this year, Thailand made a goal of having 1 million EV''s on its roads by 2025, with a figure of 15 million to be expected 10 years from now. The market is expected to include not just private vehicles, but also
READ MOREThe BYD Atto 3 was the best-selling EV car in Southeast Asia in the first quarter. (Photo: BYD) Chinese automakers dominated Southeast Asia''s fast-growing
READ MOREBy 2030, Thailand aims to to have EVs account for 30% of its annual production of 2.5 million vehicles. In total, Chinese EV makers have committed to invest at least $1.44 billion in setting up
READ MOREReogma: Assessment of the Electric Vehicle (EV) Landscape in Thailand. Dive deep into Thailand''s EV landscape. Understand the risks, drivers, and restraints that influence the Thailand
READ MOREElectric Cars Market in Thailand. Two years after this shift, electric car sales reached 21,000, doubling the volume from 2021. Up until 2021, PHEVs dominated the Thai market, manufactured mostly by Japanese and European brands that were transitioning from ICE to EV technology.
READ MOREBANGKOK (AP) — Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show. Companies like BYD, XPeng and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market leaders like Toyota,
READ MOREAs of 2020, there were 1,897 electric vehicles sold in Thailand with a projected growth rate of ~45% to reach ~12,500 units in 2025. The electric vehicle sales value in 2020 was estimated at ~134 million USD, and it is
READ MOREThailand''s Electric Vehicles market is projected to reach a revenue of US$1,103.0m in 2024. This market is expected to experience an annual growth rate (CAGR 2024-2028)
READ MOREAccording to 6Wresearch, Thailand electric vehicle market size grew at a CAGR of 75.5% during 2020-2025. Thailand electric vehicle market has significant growth prospects.
READ MOREIn-depth Information of the Thai EV Market In terms of production, Thailand is the world''s 11th largest automotive producer in 2020, a rank in which Thailand has been able to hold since 2018. As of 2020, total accumulated number of electric vehicle in Thailand is 186,271 units, in
READ MORELocal operators of businesses related to electric vehicles (EVs) remain upbeat about the growth prospects of the Thai EV market, as they do not expect a slump similar to the one in Europe. EV
READ MOREThailand. Credit: AP Photo/Sakchai Lalit. Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show. Companies like BYD, XPeng and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market
READ MOREIn Thailand, where the EV market share is expected to reach 4% this year, efforts to reduce the barriers to entry through the importation and manufacturing of electric vehicles are picking up. The country aims to be a regional hub of electric vehicle production in Asia by 2030. The growth of the EV market share in Thailand in the last
READ MOREVehicle production for domestic sales and exports in April 2024 contributed 31.3% and 68.7% respectively. In January-April 2024, vehicle production decreased 17.0% to 518,790 units. Vehicle exports in April 2024 were 70,160 units, down 12.2% YoY. The FTI also revealed that exports of HEVs reached 2,501 units in April.
READ MOREThailand sees internal combustion engine (ICE) vehicles coexisting with EVs for some time. Its 30@30 Policy Plan sets a target for zero-emission vehicles (ZEVs) to account for at least 30% of total automotive production by 2030. The development plan includes domestic manufacturing of batteries. At COP 26 in 2021, Thailand announced
READ MOREELECTRIC VEHICLE ASIA (EVA) 2024 is fully recognized by EV professionals across the region as an outstanding business platform for the entire value chain and also as the regional meeting point for researchers, policy makers, entrepreneurs, and manufacturers to exchange views, establish partnerships and most of all do business. The show is the
READ MOREDomestic sales of battery electric vehicles (BEVs) skyrocketed last year by 603% year-on-year to 73,568 units, with the trend expected to continue this year,
READ MORE