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Assessment of the Electric Vehicle (EV) Landscape in Thailand, 2018–2025
Assessment of the Electric Vehicle (EV) Landscape in Thailand, 2018–2025
The Market is Driven by Government Efforts to Make EV Viable by Promoting Local Manufacturing Through Incentives and Privileges
04-Dec-2019
Asia Pacific
Description
In 2018, the penetration of electric vehicles, including Plug-In Electric Vehicles (PHEVs) and Battery Electric Vehicles (BEVs) in the total auto sales in Thailand was less than 1%. For instance, there were only 57 units of BEVs and 8,745 units of PHEVs were sold.
PHEVs in the Thai market are premium vehicles and there are no mass-market models available presently. Some key models include BMW 330e, 530e, Mercedes C300e, S560e, Porsche Cayenne E-Hybrid, Porsche Panamera SE- Hybrid, and Volvo XC60, S90, and XC90. BYD and Hyundai are presently the market leaders in terms of BEV sales in Thailand. Participants that have recently entered into the BEV space in Thailand are Audi, Nissan, MG Motors, and Jaguar.
Urbanization, change in vehicle ownership, autonomous driving developments, EVs, and Thailand 4.0 are some Mega Trends in the automotive industry in Thailand. Urbanization will drive economic growth in secondary cities of Thailand and will help narrow down the income gap between rural and urban cities. Looking ahead, the Thailand EV market is expected to grow at a CAGR of 21.6% from 2018 to 2025. The Total Industry Volume (TIV) is expected to reach 34,603 units in 2025 compared to 8,802 units in 2018.
Research Scope
The aim of this study is to evaluate the electric vehicle market in Thailand. The scope is limited to BEVs and PHEVs and excludes Hybrid Electric Vehicles (HEVs) that do not require charging. The study focuses on the incentives offered by the government to promote manufacturing and sales of EVs. It also describes factors that drive and restraint market growth and provides existing key trends in the market.
Key Features
- To provide a strategic overview of the electric vehicle market, encompassing BEVs and PHEVs, in Thailand
- To analyze the supply- and demand-side scenario, key perks and benefits offered by the government
- To quantify the market in terms of size, i.e., the number of vehicles sold by category and forecast
- To identify market trends, such as new product launches, strategic alliances, and collaborative services
- To evaluate the growth opportunities for stakeholders
- To identify new business models emerging in the electric vehicle ecosystem
Key Issues Addressed
- What are the current and future market trends of the electric vehicle market in Thailand?
- How will the market transform in 2019, in terms of the geographic growth?
- What are the current and future market trends in the electric vehicle charging infrastructure market?
- Which models are likely to be launched in the next 2 to 3 years?
- What are the incentives available on the purchase and manufacture of electric vehicles in Thailand, and how will they impact the sales of an electric vehicle in the country?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Executive Summary—Market Engineering Measurements
Executive Summary
Executive Summary (continued)
Executive Summary (continued)
Executive Summary (continued)
Executive Summary (continued)
Executive Summary (continued)
Executive Summary (continued)
Research Scope
Research Aims and Objectives
What is an Electric Vehicle?
Key Questions this Study will Answer
Research Background
Research Methodology
Market Drivers
Market Drivers—Explained
Market Restraints
Market Restraints—Explained
Mega Trends in Thailand
Thailand Macro-economic Overview
Thailand Automotive Production Overview
TIV (Sales) Trends—2014 to 2018
CO2 Emissions in Transport Sector
CO2 Emissions Per Capita
Key Challenges
Key Challenges (continued)
Key Government Measures
Global EV Promotion Policies and Measures—Demand Perspective
Global EV Promotion Policies and Measures—Supply Perspective
EV Policy Landscape in Thailand
EV Charging Consortium
BOI EV Incentives and Packages
BOI EV Incentives and Packages Applications
Expected BOI EV Incentives and Packages Approvals in Short Term
BOI Incentives and Packages—Key OEMs Announcements
BOI Incentives and Packages—Key OEMs Announcements (continued)
Other EV Participants in the Thai Market
EV Market Overview
PHEV Market Overview—Market Size and Key Participants
PHEV Market Overview—Key Models
BEV Market Overview—Market Size and Key Participants
BEV Market Overview—Key Models
EV Charging Infrastructure Overview—Market Size and Key Participants
EV Charging Infrastructure—Types of EV Chargers
EV Charging Infrastructure—Market Share
EV Charging Infrastructure Business Model in Thailand
Key Partnerships in EV Charging Infrastructure
Key Trends in Electric Vehicle Market
Key Trends—Explained
Key Trends—Explained (continued)
Key Trends—Explained (continued)
Key Trends—Explained (continued)
Key Trends—Explained (continued)
Forecasts and Trends—Market Engineering Measurements
Thailand EV Sales Long-term Forecast
Forecasts and Trends—Forecast Scenario Assumptions
Thailand EV Sales Near-term Forecast
Thailand Electric Vehicle Market—Future Outlook
FOMM—Company Overview
FOMM—Product Description and Features
FOMM—Key Collaborations/Investments and Commercial Performance
Mine Mobility—Company Overview
Mine Mobility—Product Description and Features
Mine Mobility—Key Highlights/Collaborations
Global Trends
Global Trends (continued)
ASEAN Market Opportunity
ASEAN Market Opportunity (continued)
ASEAN EV Imperative
Policy Landscape—Overview
Policy Intent
Policy Intent (continued)
Challenge
Challenge (continued)
Perspectives for ASEAN
Growth Opportunity 1—Opportunities for New Entrants
Growth Opportunity 2—EV Adoption in Shared Mobility
Strategic Imperatives for Success and Growth
The Last Word—3 Big Predictions
Legal Disclaimer
Table of Acronyms
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
Popular Topics
Research Scope
The aim of this study is to evaluate the electric vehicle market in Thailand. The scope is limited to BEVs and PHEVs and excludes Hybrid Electric Vehicles (HEVs) that do not require charging. The study focuses on the incentives offered by the government to promote manufacturing and sales of EVs. It also describes factors that drive and restraint market growth and provides existing key trends in the market.
Key Features
- To provide a strategic overview of the electric vehicle market, encompassing BEVs and PHEVs, in Thailand
- To analyze the supply- and demand-side scenario, key perks and benefits offered by the government
- To quantify the market in terms of size, i.e., the number of vehicles sold by category and forecast
- To identify market trends, such as new product launches, strategic alliances, and collaborative services
- To evaluate the growth opportunities for stakeholders
- To identify new business models emerging in the electric vehicle ecosystem
Key Issues Addressed
- What are the current and future market trends of the electric vehicle market in Thailand?
- How will the market transform in 2019, in terms of the geographic growth?
- What are the current and future market trends in the electric vehicle charging infrastructure market?
- Which models are likely to be launched in the next 2 to 3 years?
- What are the incentives available on the purchase and manufacture of electric vehicles in Thailand, and how will they impact the sales of an electric vehicle in the country?
| No Index | No |
|---|---|
| Podcast | No |
| Author | Bakar Sadik Agwan |
| Industries | Automotive |
| WIP Number | PAA8-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9673-A6,9800-A6,9882-A6,9AF6-A6 |
