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Thailand to Produce 2.5 Million Vehicles in 2030

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.

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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

Business

Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

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BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

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Business

Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak

The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.

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The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.

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