Automakers from China, Japan and Europe are racing to enter the Thai market. They are attracted by Thai government subsidies, which predict rapid growth in the sector as more and more users here turn to “green” means of transport.
“The government’s electric vehicle support plan will help boost the Thai electric vehicle market to 100% growth this year,” said Narong Sritalyon – CEO of Great Wall Motors (Thailand) in the framework. Bangkok Motor Show event at the end of March. The company’s ORA brand has sold more than 1,100 Good Cat electric cars since this electric model was launched in Thailand in November 2021. They also plan to launch five more EV or hybrid models in Thailand this year.
Great Wall Motors’ ORA Good Cat model caused a storm in the Thai market.
He added that the number of electric vehicles registered with Thailand’s Ministry of Transport could double to 9,000 this year, from 4,000 in 2021.
In February, Thailand passed a financial incentive package to encourage drivers and car manufacturers to switch to electric vehicles in an effort to make the country a “clean” car manufacturing hub. “.
Notable measures include reducing import taxes and direct subsidies on electric vehicle prices up to 400,000 baht per vehicle (nearly $11,750). Thailand’s Finance Ministry said eight automakers have expressed interest in applying for subsidies.
“This year, we will see more electric vehicle models in the Thai market as demand will basically increase due to the government’s policy to support electric vehicles,” said an analyst at Kasikorn Research Center.
At the Bangkok Motor Show 2022, Japanese car manufacturer Honda displayed the HR-V EV model – which is its highlight at the show because it is the first 100% pure electric car model offered by this manufacturer. market in Thailand.
Honda HR-V on display at the Bangkok Motor Show in February 2020.
However, if it comes to the leading “power” in the Thai electric vehicle market, it must be Chinese companies. These brands benefit from 0% import tax due to the free trade area between China and the Association of Southeast Asian Nations. The new tariff cuts are expected to help automakers from other countries regain some of their competitive edge.
“The Thai government’s electric vehicle support package encourages both Chinese and Japanese automakers to compete in the Thai market. The competition will ultimately benefit consumers,” said Surapong. Paisitpatanapong, a spokesman for the Federation of Ways of the Thai Automotive Industry, said.
Electric cars need infrastructure, and the Thai government is also encouraging private companies to help them build charging stations along roads and other public places.
Even Thai oil and gas group PTT Group has jumped into the electric vehicle business, partnering with Taiwanese iPhone assembler Foxconn to operate an electric car factory. They plan to start producing electric vehicles in Thailand by 2024 through a joint venture established in February.
“We are ready to manufacture electric vehicles in Thailand and make it a convenient EV production base for the region,” said Auttapol Rerkpiboon, President and CEO of PTT Group.
The Thai government wants electric vehicles to account for about 30% of total car production in the country by 2030 – about 750,000 of the 2.5 million vehicles expected to be produced that year.
at Blogtuan.info – Source: autopro.com.vn – Read the original article here