Thailand issues new policy for EV industry to find economic growth-environmental conservation balance

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Anucha said Gen Prayut has issued a policy to promote Thailand as an EV manufacturing base through green investment and has also directed related agencies to include environmental goals in their operations, in line with the government’s policy on EVs and renewable energy toward carbon neutrality.

The government is issuing a new policy for the electric vehicle (EV) industry to strike a balance between economic growth and environmental conservation.

According to Acting Government Spokesperson Anucha Burapachaisri, Prime Minister Gen Prayut Chan-o-cha has issued a policy to promote Thailand as an EV manufacturing base through green investment. He has also directed related agencies to include environmental goals in their operations, in line with the government’s policy on EVs and renewable energy toward carbon neutrality.



The government seeks to promote green energy and economic growth, as well as develop the nation’s EV industry by implementing the [email protected] campaign, which aims to increase EV production capacity by 30% by 2030 to transform Thailand into a regional manufacturing hub. So far, the private sector has welcomed these policies and objectives, as indicated by rising foreign investment in the local EV industry.

According to a 2022 Global Electric Mobility Readiness Index (GEMRIX) article on Arthur D. Little’s website (https://www.adlittle.com), Thailand ranks ninth and is classified as an “Emerging EV Market” with a score between 40 and 60. The report said the kingdom has demonstrated a number of positive developments, including the government’s incentives to accelerate growth in the EV industry. It affirmed that Thailand has the potential to become a regional leader in EV manufacturing.



On behalf of the government, the government spokesperson thanked all relevant sectors for their efforts in making Thailand one of the world’s emerging EV markets. He added that the government is also ready to exchange ideas with stakeholders on best practices and investment expansion to support research and innovation that ensures a balance between economic growth and environmental conservation. (NNT)