NationThailand-Aug 4

The Electric Vehicle Association of Thailand (EVAT) says the EV market in Thailand is the most advanced among ASEAN countries and will grow quickly during 2025 to 2030. EVAT chairman Yossapong Laoonual said several of the association’s requirements for the EV industry have been adopted by the government. However, EV investment and production have moved slowly due to high operating costs. EV technology will be cheaper from 2025 and become more accessible to normal people, he predicted. He added that the EV industry in Thailand was more advanced than in Malaysia, Indonesia or Vietnam, since Thai producers were already up and running. Also, foreign auto companies were interested in investing in EV production in Thailand since it has long been a production base for normal cars.

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