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Thailand’s EV Industry Driving Situation Amid Competition in ASEAN

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By Paul Lock, Pan Asia Metals
| thailand.postsen.com
-- The progress of the EV market in Thailand Thailand is the largest automobile manufacturer in the region. It produced more than 1.6 million vehicles in 2021 and aims to produce 225,000 electric vehicles by 2023, accounting for 10% of the country’s total vehicle production. The government also aims to achieve a compounded growth rate of 22%. year (CAGR) for electric vehicle production from 2022 to 2025. The Thai government has also provided subsidies for the purchase of electric cars.
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