BANGKOK (NNT) – The National Electric Vehicle Policy Committee is considering setting a new electric vehicle (EV) production target, with EVs making up half of all car manufacturing by 2030. The goal is in line with the global trend of reducing carbon dioxide emissions from all new cars.

Energy Ministry Permanent Secretary Kulit Sombatsiri said the government will discuss the new EV target with state agencies and car manufacturers within this month as global car companies have asked the government whether the new target is possible.

The new target, pushed by major automakers in Thailand, comes as state agencies and power companies are trying to relieve concerns over an insufficient number of EV charging facilities and prolonged charging times.

He said high prices are also a major obstacle for prospective EV buyers, but EV technology is growing rapidly and prices will become more affordable over time. The government expects the prices of EVs to equal internal combustion engine vehicles by the end of 2040.

Information and Source
Reporter : Subhabhong Rarueysong
Rewriter : Tarin Angskul
National News Bureau & Public Relations :

Source link

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

How will US interest rates affect emerging markets?

While the rate hikes were initiated to help the US domestic economy, higher interest rates are nevertheless likely to impact emerging markets.

In 2020 Asia will have the world’s largest GDP. Here’s what that means

In 2020 Asia’s GDP will overtake the GDP of the rest of the world combined. By 2030, the region is expected to contribute roughly 60% of global growth. Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of the middle class entering the global economy.

Malaysia looks to emulate Thailand’s digital park

The campus is an interconnected ecosystem for start-ups and tech entrepreneurs, tech companies, investors, accelerators, incubators, academies, and government agencies to co-exist in Bangkok that help drive Thailand to become a global hub for digital innovation.