BANGKOK — Big companies in Thailand are investing heavily to foster the takeup of electric cars in response to government’s goal of turning the country into Southeast Asia’s EVs hub within the next decade.
The world is going green and Thailand is jumping on the bandwagon. The National Electric Vehicle Policy Committee recently revealed that it is considering a new EV production target that would see EVs account for half of Thailand’s auto manufacturing by 2030. The country is expected to be making 1 million EVs a year by then.
The target is a clear signal for automakers, energy producers and other companies to seize the opportunity to invest in EV infrastructure, as the number of people driving electric cars is expected to rise substantially over the next few years.
According to the Thailand Board of Investment, investment in EV manufacturing and related infrastructure in the 2017-2019…
