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

S No	Overview of Development	Development Detailing	Region of Development	Possible Future Outcomes
1	Thailand Issues New Incentive Package for Electric Vehicle Industry	Thailand has announced additional government incentives for the electric vehicle (EV) industry as part of its ambitious ambition to convert 50% of the country’s total automobiles by 2030.	Thailand	This would enhance better Technological Controls
2	Toyota’s Thai unit signs deal with Thailand on EV incentives	After the signing, Finance Minister Arkhom Termpittayapaisith said the agreement with Thailand’s largest automaker will be “a leap” for the adoption of electric vehicles in the country.	Thailand	This would enhance better Technological Controls
3	BOI Expands Promoted Activities For Electric Vehicle Manufacturers	Thailand’s Board of Investment (BOI) has issued BOI Notification No. Sor. 8/2564, which broadens the scope of investment promotion to include makers of electric vehicles (EVs).	Thailand	This would enhance better Technological Controls
4	Future Mobility Asia 2022 EV Exhibition to be held in Thailand from July 20-22	Future Mobility Asia, which will be held under the auspices of Thailand’s Ministry of Energy, will be a comprehensive presentation of future clean mobility concepts, solutions, technologies, and breakthroughs.	Thailand	This would enhance better Technological Controls

 

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