Electric Vehicle Asia 2024

EV Car: A Key Turning Point for the Thai Economy

The EV industry in Thailand has seen continuous growth. The number of newly registered electric vehicles (BEVs or battery electric vehicles) from January to September 2023 averaged 7,399 units per month, which is almost three times the number in 2022. This growth trend is expected to continue in the coming years.

Currently, there is no EV production in Thailand. However, the EV manufacturing industry is expected to grow rapidly in the next 5-10 years. This will have a positive impact on the industry's supply chain, including automotive parts manufacturers, logistics related to vehicle transportation, EV car dealers, battery charging equipment and stations, and the financial sector related to auto loans and insurance. Looking at the manufacturing and distribution side, there are at least 7 industries involved before the EV reaches the buyer:

Industrial Estates: Increased opportunities for land and utility sales from being an EV car production hub in the ASEAN region.
Automotive Parts: Opportunity to grow along with EV car sales, supported by government measures to encourage production and use of automotive parts from Thai manufacturers.
Electronics: Benefits from electronic components in electric vehicles, which are more than in combustion engine vehicles.
Transportation Systems: Thailand is a production base and needs to transport various parts to dealers domestically and internationally.
Financial Institutions: Commercial banks, finance companies, and insurance companies will benefit from the increasing sales of EV cars.
Electrical Systems and Equipment: The business of installing charging systems in homes and service stations is growing rapidly to meet future demand.
Battery and Equipment Manufacturers: Batteries are an important part of electric vehicles and are considered a new technology for Thailand.

The transition from combustion engine vehicles to EV cars will be both an opportunity and a disruption for the automotive industry in Thailand. It depends on the speed of adaptation of each automaker. Businesses will need to invest in changing their production processes, as electric vehicle technology requires more sophisticated electronic components and equipment than the combustion engine parts currently produced.

Electric Vehicle Asia 2024 (EVA), Southeast Asia's longest-running EV show, is set to be the preeminent regional show for all stakeholders involved in the electric vehicles sector. This event will bring together manufacturers, entrepreneurs, policymakers, and industry players involved in the entire EV ecosystem, from upstream to downstream aspects of the EV industry on a global scale. Anticipated to host over 200 EV companies and draw more than 33,000 EV professionals from 60 countries.

Secure your exhibit space now for Electric Vehicle Asia 2024, scheduled from 3-5 July at QSNCC, Bangkok, Thailand. Don't miss out on the extensive business opportunities awaiting you. Limited spaces are available, so act promptly to be a part of this event where all major EV players will converge.

For immediate space booking, please contact: +66 2036 0500 EXT. 235 or

[email protected]

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