Thailand’s Bold Electric Vehicle Plan - Past event

Previously the government set a target to have EVs make up 30% of total car manufacturing, around 750,000 of 2.5 million units, within 2030. The government has now as at March 24 to increase the target to 50%, following the rapid growth of EVs in many countries, especially in Europe.

Krisda Utamote, president of the Electric Vehicle Association of Thailand (EVAT) recently shared his opinion that the 50% goal means more charging facilities are needed and the target adjustment may also require a measure to ban ICE (Internal Combustion Engine) vehicles to better develop the EV market.  Growth of the EV industry will affect makers of auto parts for ICE vehicles as many of their products will no longer be in demand, with automakers switching focus to EVs.

This change will be delivering a technology and significant changes in the automotive supply chain.  Such a significant change is unavoidable and increasing sales for EV vehicles will drive this.  The adjustment may be difficult for small and medium-sized suppliers that lack financial resources and/or know how.  

This webinar will speak to the growth of EV vehicles, the short- and longer-term changes expected in the supply chain with consideration to the rapidly changing battery supply and discuss opportunities both within Thailand and Asean.  Viet Thai Consulting Group will help you with data and OEM insights gained from our direct relationships with the major OEM’s based in Thailand as well as many of the lesser known EV startups in the region.

Join us for a free webinar to gain insights to this opportunity.