Thailand’s Industry Ministry will be establishing the National New Generation Vehicle Committee in three months. This is following the Thailand Automotive Institute (TAI) push for the government to set up a panel to drive its electric vehicle (EV) scheme and increase market sales. The new committee will committee will consist of officials from three ministry—industry, energy and transport, to work on EV policies.
In efforts to promote Thailand’s EV industry, the Board of Investment (BoI) launched the EV scheme in March 2017, opening investment applications from car makers. The BoI reported 13 companies were granted EV privileges, including Toyota, Honda, Nissan, Mazda, Mercedes-Benz, BMW, SAIC Motor-CP, FOMM, Mitsubishi and Mine Mobility.
The long-term roadmap for Thailand is to become a production hub for EVs in Southeast Asia, with a goal to produce 2.5 million cars in 2030, according to TAI. Of the goal, 1.5 million cars are set for domestic sale.
“The EV technology is changing very fast on a global level and disrupting car and component production. The network wants to see new battery-powered cars on local roads. Otherwise, Thailand will be left behind neighbouring countries where their governments are speeding up laying the foundation for EVs,” said Somchai Sarovat, chairman of the Thailand Potential Development Network.
Check out these articles:
WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!