Thailand on its way to becoming EV hub

BANGKOK: Prime Minister Srettha Thavisin is confident of Thailand’s potential to become a regional hub for electric-vehicle (EV) manufacturing and other industries related to the EV ecosystem, government spokesperson Chai Wacharonke said on Monday.

Chai quoted Srettha as saying that Thailand has the advantage of a comprehensive supply chain, infrastructure as well as supporting policies that will help boost the country’s EV manufacturing and export to global markets.

He also cited statistics from the Board of Investment (BOI) of Thailand, which so far has approved investment privileges for 16 manufacturers of battery electric vehicles, with a combined investment value of over 39.5 billion baht.

These companies include existing Japanese automakers in Thailand who are transitioning from internal…