Thailand to Produce 2.5 Million Vehicles in 2030

The Thailand Automotive Institute expects the country will produce 2.5 million vehicles in 2030 and about 200,000 of them will be battery electric vehicles (BEVs).

Adisak Rohitasune, acting president of the institute, said in its seminar on Thailand’s Vision on Future Mobility that at present Thailand was producing about 2 million vehicles a year and most of them had petrol engines.

In 2030, the country would become an important production base of modern vehicles in the region. It would produce 2.5 million vehicles a year and of them, 1.5 million would be for domestic markets.

Of the domestic vehicles, 15% or 225,000 would be BEVs and 60% be vehicles with petrol engines and autonomous vehicles.

Electric Tuk Tuk and motorcycle taxis

Public transport vehicles such as buses, Tuk Tuk rickshaws and motorcycle taxis would be electric vehicles, Mr Adisak said.

Today there are about 15 million vehicles in Thailand and the Energy Ministry expects to see 1.2 million BEVs and plug-in hybrid electric vehicles within 2036.

Mr Adisak said that in 2030 the value of automobile production and related services would reach US$1 trillion and Thailand should develop itself to cash in on the trend. His institute proposed many measures for the purpose including vehicular tax restructuring and incentives in favor of clean vehicles and their buyers. (TNA)

TNA – Thailand Will Produce 2.5 Million Vehicles in 2030

The post Thailand to Produce 2.5 Million Vehicles in 2030 appeared first on Thailand Business News.

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