Current_Thailand

CURRENT STATUS IN THAILAND OVERVIEW EV INDUSTRY IN THAILAND Investment On Electric Vehicle And Equipment Levels of Driving Automation Electric Cars (EVs) Are Yet To Go Mainstream In Thailand As Yet. But There Is Little Doubt The Popularity Of Locally Built And Imported EVs Will Rise Over The Next Few Years. There Will Be More Choice, The Cars Will Become More Affordable, Travel Further On A Charge, And There Will Be More Convenient And Numerous Refuelling Stations Around The Country. Thai Government Has Supported The Industry By Introducing Incentives For Automakers To Turn Green And Encouraging Petrol Companies To Invest In EV And Rechargeable Technology. This Year There Has Also Been A Number Of Automakers Seeking The Thai Board Of Investment Approval With The Incentives To Produce EVs In Thailand. Currently, Only Around 120,000 Passenger EV Cars Are Running On Thai Roads, Represent- ing Only Tiny 1.2% Of The Total Passenger Cars. The Thai Government Plans To Increase The Number Of EVs To Rise To 1.2 Million Units By 2036, Which Would Help Cut Energy Consumption By 30% Compared To 2010, According To The Energy Conservation Plan. Over The Next Ten Years Thailand Is Expected To Have 690 Recharging Stations Nation- wide, That Compares To Around 25,000 Petrol\\gas Stations Around The Kingdom Now. It Is Also Envisaged That Some Of The Petro-chemical Companies Will Take Up The Bigger Challenge And Start Offering EV Charging Stations At Their Current Facilities. In The Next Five Years, Industry Analysts Forecast That The EV Market Share Has A Poten- tial To Increase To One-fourth, Or 240,000 Units, Of The Total Car Sales Nationwide.  SUMMARY BEV MODELS IN THAILAND 2019 BEV i

New Structure of Excise Tax for air pollution control policies EV Action Plan 2016-2036 by Ministry of Energy The government has increasingly moved to control the emissions of new vehicles, In 2019, Thailand’s domestic automotive market is expected to contract by 2% to 5% and is doing so through tax based measures and tax incentives. (i) By 2021, all new while EV sales growth is projected to remain impressive between 76%-83%.  automobiles will be required to pass the Euro 5 emissions standards and this will be raised to the Euro 6 standards by 2022 (at present, Euro 4 standards are enforced), although this may raise costs for manufacturers, which will need to develop more efficient engines. (ii) From 2019, vehicle excise duty will be cut to 1-2% for standard and four-door pickups that are able to run on B20 (a 20% bio-diesel mix) or that re- lease no more than 0.005 grams of particulates per kilometer travelled. (iii) Between January 1, 2020 and December 31, 2022, EVs produced by manufacturers that have received BOI investment support will be exempt from all vehicle excise duty. ii