Road accident-related deaths cause massive losses, about four billion baht, or around six million baht/case, each year in Thailand. The loss is much higher if we include injuries, with many paralysed, and the psychological impact on the families of the deceased and those injured.
How can emerging economies navigate the mobility transition?
Some of the ASEAN countries have a growing auto industry. The sector accounts for around 10% of GDP in Thailand and Indonesia, which indicates there is room for growth in India, where it accounts for 7.2% of GDP.