Thailand’s car industry has been moving towards greener pastures for years now, but the speed of that change looks to be accelerating.
After BMW started talking about building electric vehicles in the country last year, and the nation’s largest energy provider, PTT Pcl, inking an EV deal with six automakers, we get news that Toyota is going to apply to build electrified vehicles in the country. The sad news is that, despite the Thai Board of Investment’s (BOI) broad encouragement to get companies to build the full spectrum of EVs – hybrids, plug-in hybrids, and battery electric vehicles – locally, it appears that Toyota only wants to build hybrids there, for now.
Thailand’s car industry has been moving towards greener pastures for years now, but the speed of that change looks to be accelerating.
After BMW started talking about building electric vehicles in the country last year, and the nation’s largest energy provider, PTT Pcl, inking an EV deal with six automakers, we get news that Toyota is going to apply to build electrified vehicles in the country. The sad news is that, despite the Thai Board of Investment’s (BOI) broad encouragement to get companies to build the full spectrum of EVs – hybrids, plug-in hybrids, and battery electric vehicles – locally, it appears that Toyota only wants to build hybrids there, for now.
Research firm LMC Automotive said that the BOI’s incentive program for electric vehicles it an important project in the competitive Southeasts Asian manufacturing scene. Chinese company BYD builds all-electric buses in Thailand, as well.
Toyota Applies To Build Electrified Vehicles In Thailand