Passenger car and SUV sales skyrocket on the back of government EV subsidies, while the struggling pickup sector awaits a stimulus from the new government

The EV3.0 scheme has had a significant impact on the EV market in Thailand. From January to September 2023, Thailand had more than 140,000 newly registered 4-wheel EVs, amounting to more than a quarter of the total 520,000 registered vehicles during the same period.