THAILAND ELECTRIC BUS MARKET
Thailand’s government has set a goal of being a regional hub for 3,000 electric public buses by 2025, according to the Association of Southeast Asian Nations (ASEAN).
Thailand as well as South Korea have partnered up to produce electric buses in Thailand, lowering bus costs and helping the sector grow.
Thailand’s Nex Point, an electric bus manufacturer, is predicted to have a successful year in 2022 as a result of the government’s strategy of replacing outdated fossil fuel-powered buses with electric buses.
THAILAND ELECTRIC BUS MARKET DEVELOPMENTS AND INNOVATIONS
|S No||Overview of Development||Development Detailing||Region of Development||Possible Future Outcomes|
|1||11 electric buses to ply two Bangkok routes in pilot project||Electric Vehicles Thailand Plc (EVT) will provide free rides to Bangkok commuters on two routes with eleven electric buses.||Thailand||This would enhance better Technological Controls|
|2||Nex Point set to make a profit as electric bus sales expand||After years of deficits, hopes to shift from red to black on its balance sheet this year as sales of electric buses increase.||Thailand||This would enhance better Technological Controls|
|3||Thai Energy Pioneer Pivots to Electric Buses in Green Push||To capitalise on expanding demand, Thailand’s Energy Absolute Pcl is moving its electric-vehicle strategy away from passenger vehicles and toward buses, trucks, and trains.||Thailand||This would enhance better Technological Controls|
|4||Thai Energy pioneer is planning to focus on electric buses deal||The Absolute Energy PLC is part of the strategy focusing on electric bus and Electric motor based vehicles into the market||Thailand||This would enhance better Technological Controls|
Transportation is an important contributor of greenhouse gas (GHG) dioxide emissions. Mobility accounting for over one-quarter of all energy-related Greenhouse gases, according with United Nations Environment Program (UNEP), as well as being a major source of urban and regional environmental pollution.
The key drivers of the Southeast Asian electric bus market are the growing need to reduce dependence on conventional fuels, minimise GHG emissions, and manage pollution levels.
TEV is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. The primary assembly plant is in Thailand’s Ratchburi province’s Banpong district. With our staff’s experience, the TEV facilities can manage bus assembly.
Instead of purchasing internal combustion engine buses, the Bangkok mass transport authority could purchase electric city buses, which should be constructed in Thailand and where the bus price is determined by the local content percentage.
Absolute Energy has been one of the most advanced solution provider in the used car requirements. As it ramps up its EV business, it plans to debut battery-powered trucks in the second part of this year.
The company’s momentum will be maintained by diversifying into EV technologies, as the adder tariff provided to the company’s solar and wind farms will begin to expire this year, according to Vasu Klomkliang, EA senior vice-president for strategy development and investment planning.