Thailand has set its sights on fostering the growth of its domestic electric vehicle (EV) industry and establishing a robust supply chain for the production of EV batteries. To achieve this, the country’s National Electric Vehicle Policy Committee has outlined an ambitious target of having zero-emission vehicles (ZEVs) account for 30% of the local automobile production by the year 2030.
Key Takeaways
- Thailand aims to have 30% of its automobile production comprise zero-emission vehicles by 2030, driving the development of its electric vehicle industry.
- The Thai government is providing subsidies and incentives to support the production of battery electric vehicles, attracting investments from companies such as Horizon Plus and CATL.
- Thailand is also working on building a robust EV battery supply chain, including partnerships for lithium mining and conversion, as well as exploring…
