Tag Archives: EV

Thailand braces for BEV boom in 2023

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FRIDAY, JANUARY 13, 2023

Demand for battery electric vehicles (BEVs) in Thailand continues to rise this year.

Reservations for popular BEV brands are driving forecasts of strong growth in the EV market in 2023, with consumer confidence supporting investment in Thailand-based production of EVs, batteries and electric charging stations.

Battery electric vehicles (BEVs) have become a hot topic of conversation among Thais after more than 4,000 units of two models of Tesla were booked on the first day of the Telsa website accepting orders last month

Before the official arrival of Tesla to do its own marketing, the BEVs are already gaining popularity in Thailand

It is predicted that overall BEV sales in Thailand last year exceeded 12,500 units, a 212.5% increase over 2021

Total BEV sales this year are estimated at 24,000 units, a 92.0% increase over last year

Driving range
The International Energy Agency (IEA) states that a standard BEV had an average driving range of 349 kms per charge in 2022, an increase of 44% compared to 243 kms in 2017

Charging stations
Charging devices have been developed with fast charge technology, allowing a direct current fast charge to the level of 80% of battery in less than an hour

The Energy Policy and Planning Office of the Energy Ministry reports that there are 944 charging stations nationwide

The Electric Vehicle Association Of Thailand (EVAT) states that as of September 2022, there are 2,572 charger plugs in the country, a 13% increase year on year

EVAT says 46% of charger plugs are DC type (a 53% increase from last year) and 54% are AC type (an 8% decrease)

By 2025, the number of fast-charge plugs is estimated to rise to 4,400 plugs and to 12,000 plugs by 2030

Wallbox charging devices at home have become an alternative for BEV users

BEV motorists may get wallboxes from:

  • BEV manufacturers provide a free wallbox as a promotion plus free or discounted installation fee
  • Property developers provide a wallbox in their new projects
  • BEV users buy and install their own wallbox with cost ranging from 35,000 to 85,000 baht

Those without a wallbox can use an AC charger provided with their BEV, but the recharging takes up to 24 hours

Did Tesla drop a hint on revving up Thai EV market?

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https://www.nationthailand.com/business/automobile/40022567

Did Tesla drop a hint on revving up Thai EV market?

Did Tesla drop a hint on revving up Thai EV market?

TUESDAY, NOVEMBER 29, 2022

Electric vehicles manufacturer Tesla on Monday hinted at arriving in the Thai EV market in December.

On Monday, Tesla opened a Line Official account ‘@TeslaTH’. It also posted a picture with the message “Hello Thailand” and “December 2022”.

At press time, there was no further information but automotive experts expected the cars would be delivered at the beginning of 2023 if the reservation opens in December.

Tesla registered as a company in Thailand on April 25 with initial capital of 3 million baht but it was later increased to 253 million baht.

According to the Business Development Department’s website, the company’s board had three members — David Jon Feinstein, Vaibhav Taneja, and Yaron Klein — who were executives at the US headquarters.

The company has registered to sell passenger cars, pickup trucks, vans, and similar small cars. It aims to sell EVs and power systems including its equipment.

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PTT-Foxconn joint venture to deliver first EVs from Chonburi plant in 2024

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PTT-Foxconn joint venture to deliver first EVs from Chonburi plant in 2024

PTT-Foxconn joint venture to deliver first EVs from Chonburi plant in 2024

TUESDAY, NOVEMBER 15, 2022

Horizon Plus, a joint venture between PTT and Foxconn, will deliver the first batch of electric vehicles from its Chonburi plant in 2024, according to its chairman.

Buranin Rattanasombat said Horizon Plus is investing around 37 billion baht (US$1 billion) in its EV plant at Rojana Nongyai Industrial Park, where he broke ground for the project on Saturday.

Initial production capacity of 50,000 EVs per year will triple to 150,000 EVs by 2030 to support growing demand in Asea, said Buranin, who doubles as PTT’s chief new business and infrastructure officer. The project will create jobs for 2,000 high-skilled workers, he added.

Buranin said Horizon Plus will operate under a BOL (Build-Operate-Localise) policy to boost long-term competitiveness of the Thai EV industry and supply chain.

Thosaporn Sirisumphand, chairman of PTT and its EV arm Arun Plus, said Saturday’s stone-laying ceremony was an important step in the Foxconn-PTT partnership towards electrification of the regional auto industry.

“As the world moves toward low-carbon society, transition to the greener transportation alternatives such as EV will play a significant role in shaping future energy sustainability,” Thosaporn said. “This aligns with PTT’s commitment to create national energy security for the country.”

Auttapol Rerkpiboon, president and CEO of PTT, said: “The collaboration focuses not only on investment in EV production but also on research and development in Thailand.”

Kay Chiu, CEO of Horizon Plus, said full automation would boost production capacity and reduce costs, while clean energy will power operations to be Asean’s most modern and efficient manufacturer. Foxconn’s experience would ensure Horizon Plus’s success and help Thailand become Asean’s EV manufacturing hub, he said.

PTT-Foxconn joint venture to deliver first EVs from Chonburi plant in 2024
PTT-Foxconn joint venture to deliver first EVs from Chonburi plant in 2024

The plant will occupy a 500,000-square-metre plot in the heart of the Eastern Economic Corridor as part of Thailand’s vision to become the region’s EV manufacturing base.

Other big EV manufacturers setting up plants and battery factories include China’s BYD, Ford, Mercedes-Benz, BMW, MG, Great Wall Motors, and Volt. Meanwhile, Thailand’s Energy Absolute (EA) has launched the region’s largest lithium battery factory in Chachoengsao.

Sales of battery electric vehicles (BEVs) in Thailand rose 223 per cent in the first nine months of 2022 from the same period last year, according to the Energy Ministry.

Thailand to double clean energy production for EVs: Supattanapong

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Thailand to double clean energy production for EVs: Supattanapong

Thailand to double clean energy production for EVs: Supattanapong

FRIDAY, NOVEMBER 11, 2022

Thailand will need to boost production of renewable energy by 10 gigawatts to meet demand from electric vehicles (EVs), Energy Minister Supattanapong Punmeechaow said on Thursday.

Thailand currently has installed renewable energy capacity of over 9GW, or about 14% of its total power mix, according to the ministry’s Department of Alternative Energy Development and Energy.

The country has set a target of one million EVs on the roads by 2025, and 15 million within 10 years as it strives to become a global EV hub.

Supattanapong announced the renewable energy goal as he launched Thailand’s collaboration with the United Nations Partnership for Action on Green Economy (PAGE) on Thursday.

He said the collaboration will help Thailand develop a green economy and achieve carbon neutrality by 2050, adding the country has already invested 640 billion baht on sustainability, ranging from the community level to SMEs and large industrial projects, including promotion of EV manufacturing and usage.

The government recently issued more incentives including excise tax breaks in a bid to make Thailand a world EV leader, he added.

More than 15,000 EVs have been reserved in Thailand this year, helping boost domestic manufacturing. The government is pushing for EVs to make up 10% of total domestic car manufacturing quickly, Supattanapong said.

“Five EV manufacturing companies have decided to build factories in Thailand while European car brands including Mercedes-Benz and BMW will also invest.”

The boom in EV production and usage in Thailand must be supported by an increase in renewable energy, he added.

He said Thailand would hit its carbon neutrality goal faster thanks to technology, expertise and funding from PAGE.

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Enthusiastic response from Thais as bookings open for Chinese EV car

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Enthusiastic response from Thais as bookings open for Chinese EV car

Enthusiastic response from Thais as bookings open for Chinese EV car

TUESDAY, NOVEMBER 01, 2022

Thai customers turned out in large numbers from dawn on Tuesday, as bookings opened for the Chinese electric car, BYD Atto 3.

The car costs 1.199 million baht and got a strong reception for reservation and test driving.

Pratarnwong Phornprapha, the chief executive of automaker Rever Automotive, confirmed that the company will be able to deliver 5,000 cars this year.

Enthusiastic response from Thais as bookings open for Chinese EV car

The company drew interest by offering special promotions, including instalment payments over 48 months at an interest of 1.68 per cent per annum and one-year first-class insurance.

It also offers an eight-year warranty package for cars and batteries, free maintenance and emergency assistance, and chargers.

Enthusiastic response from Thais as bookings open for Chinese EV car

The demand for EVs surged after the government implemented EV incentives from 2022 to 2025, which helped slash the price of BYD Atto 3 by more than 200,000 baht.

EV Incentives include 40 per cent less import duty for CBU battery EVs priced at up to 2 million baht and 20 per cent less for those priced at 2 million to 7 million baht until 2023.

Enthusiastic response from Thais as bookings open for Chinese EV car

Excise tax on imported EVs has also been cut from 8 per cent to 2 per cent.

The incentives apply to 27 types of EVs and include:

  • Eco-cars with up to 10 seats
  • Electric pickups
  • Hydrogen fuel cell-powered trucks
  • EVs with up to 10 seats
  • Plug-in four-door passenger pickups.

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Thailand EV sales soar 223% as buyers take advantage of incentives

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Thailand EV sales soar 223% as buyers take advantage of incentives

Thailand EV sales soar 223% as buyers take advantage of incentives

SATURDAY, OCTOBER 29, 2022

Sales of battery electric vehicles (BEVs) in Thailand rose 223 per cent in the first nine months of 2022 from the same period last year, according to the Energy Ministry.

Buyers took advantage of generous incentives to register a total of 13,298 BEVs in the year up till September, Energy Minister Supattanapong Punmeechaow said on Friday.

Overall EV sales also grew with 11.9 per cent of the total made up of buses, trucks and other non-car EVs.

Included in the latest purchasers’ incentive package is a 70,000-baht subsidy for an EV car with 10-30 kWh battery capacity for completely knocked-down (CKD) and CBU units.

The subsidy rises to 150,000 baht for an EV car over 30kWh.

An 18,000-baht subsidy is available for purchase of an electric motorcycle from eligible manufacturers until 2023.

The EV subsidy package is funded by 3 billion baht from the 2022 central budget and from the longer-term 40-billion-baht investment in the EV industry between 2023 and 2025.

Supattanapong said the subsidies came under the “30@30” scheme to boost EV production to 30 per cent of total cars and motorcycles production capacity within 2030. The scheme also aims to set up 12,000 charging stations around the country and 40mW of battery factories.

Incentives also include 40 per cent less import duty for CBU BEVs priced up to 2 million baht and 20 per cent less for those priced 2 million-7 million baht until 2023.

Excise tax on imported EVs has also been cut from 8 per cent to 2 per cent.

The incentives apply to 27 types of EVs and cover:

  • Eco-cars with up to 10 seats
  • Electric pickups
  • Hydrogen fuel cell-powered trucks
  • EVs with up to 10 seats
  • Plug-in four-door passenger pickups