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Thailand unveils roadmap to 30% EV production in 10 years

Thailand unveils roadmap to 30% EV production in 10 years
THURSDAY, May 13, 2021

Thirty per cent of all vehicles made in Thailand will be electric by 2030, according to a three-phase development plan for the electric vehicle (EV) industry unveiled on Thursday.

Energy Minister Supattanapong Punmeechaow revealed details of the plan following a meeting of the National Electric Vehicle Policy Committee on Wednesday.

Under Phase 1 (2021-2022), the government will promote electric motorcycles and support infrastructure nationwide.

Under Phase 2 (2023-2025), the EV industry will be developed to produce 225,000 cars and pick-up trucks, 360,000 motorcycles and 18,000 buses/trucks by 2025, including the production of batteries. This first milestone is designed to deliver cost advantages via economies of scale.

Phase 3 (2026-2030) is driven by the “30/30 policy” to produce 725,000 EV cars and pick-ups plus 675,000 EV motorcycles. This will account for 30 per cent of all auto production in 2030 and includes domestic manufacture of batteries.

The EV policy committee is also setting financial and tax incentives, as well as safety standards, for EV and battery manufacturers.

The moves are part of Thailand’s push to become a hub of EV production in Asean.