THAILAND ELECTRIC COMMERICAL VEHICLE MARKET

INTRODUCTION

Nickel is a critical component in the manufacture of electric vehicle batteries. Electric vehicles, commonly known as EVs, are gaining popularity in Thailand.

In the context of something like the transportation industry's transition and the movement towards decarbonisation, the electric vehicle (EV) is a watershed moment.

The movement is being propelled by the strong desire of all stakeholders - the government, corporations, and consumers – who are progressively adopting EVs as part of their own personal carbon journeys.

THAILAND ELECTRIC COMMERICAL VEHICLE MARKET DEVELOPMENTS AND INNOVATIONS

THAILAND ELECTRIC COMMERICAL VEHICLE MARKET NEW TREND

Thailand wants 1 million electric vehicles on its roads, with the goal of increasing that number to 15 million after ten years.Despite diversifying into the commercial EV market, Energy Absolute's entry into EVs has been hampered by the epidemic.

The biodiesel manufacturer and generator of renewable energy intends to set about 1,000 charging stations across the country in the upcoming few years.Many people anticipate that electric cars will become commonplace in a future powered entirely by renewable resources.

However, not many EV companies began as providers of sustainable energy.The Bangkok-based startup Energy Absolute is one that is attempting to accomplish that.

The manufacturer of biodiesel and the provider of renewable energy have expanded into the market for commercial EVs. However, the epidemic has had an impact on the business's EV venture.

A local taxi firm cancelled an order for 3,500 five-seater hatchbacks as tourism declined. Ahunai quickly changed course to concentrate on commercial cars and battery storage.

His emphasis on trucks is consistent with Thailand's objective to put about 70,000 commercial electric vehicles on the road each year. Thailand has produced cars for Japanese, American, and German automakers, but despite its proficiency in the auto industry, it lacks a nationally known automobile brand.

COMPETITIVE LANDSCAPE

In Thailand, and from the other hand, EV adoption is still low, despite the fact that hybrid electric vehicles (HEVs) have been available since 2009-2010.

The Board of Investment's (BOI) incentives, on the other hand, may encourage Thai manufacturers to begin producing HEV parts in the early stages. By 2025, commercial electric vehicles are predicted to be available in Thailand. Thailand's government wants 690 charging stations and 1.2 million electric vehicles nationwide by 2036.

Thai EV is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. The eCanter, which is classified as a 7.5-tonne gross vehicle weight, has a range of around 100 kilometres per charge.

The vehicle may be fully charged in as little as 1.5 hours using quick-charging stations. The locally CO2-neutral eCanter has been added to the Genesis fleet to help the company achieve its goal of lowering greenhouse gas emissions.

Lexus Inc. has been one of the most advanced solution provider in the used car requirements. The RZ 450e makes use of a specific battery electric platform to drastically improve engine efficiency for a thrilling ride.

By putting the battery under the car floor for a low centre of gravity and angular momentum, new Lexus-first architecture provides high levels of stability and ride pleasure.

The newly developed electrical properties axle (eAxle) includes integration the motors, transaxle, and inverter into a compact unit, resulting in improved cruising range, interior space, and appearance.

COMPANIES PROFILED

• Hyundai Inc.
• BYD Auto Co., Ltd
• Proterra, Inc.
• AB Volvo
• Olectra Greentech Limited
• Tesla
• Nissan
• Daimler
• Toshiba
• Mitsubishi
• Continental
• Kia Motors
• Chevrolet
• Renault
• General Motors Co
• Zentropy
• EmVcon
• CT&T United
• Ioniq Inc.
• Jinwoo SMC