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Over 150,000 new EVs to take to Thailand’s roads this year

Over 150,000 new EVs to take to Thailand’s roads this year

14 Sept 08:25Key points summarised by AI
  • Thailand projects 153,000 new electric vehicles (EVs) will enter its roads this year, marking a 28.5% increase, primarily fueled by the ongoing energy crisis and stable domestic EV prices.
  • EV registrations in the first five months of 2024 soared by 94.8% year-on-year, with 84,000 units already registered, reflecting a significant surge in adoption by local motorists.
  • TTB Analytics indicates that EVs offer lower total cost of ownership, reducing spending for drivers.
  • To support this rapid growth, TTB Analytics emphasizes the critical need to accelerate the development of nationwide EV charging infrastructure and other public sector measures to sustain the EV ecosystem.
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