Thailand expects to produce 2.5 mln vehicles by 2030

Source: Xinhua| 2019-09-02 19:30:05|Editor: Yurou
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BANGKOK, Sept. 2 (Xinhua) -- The Thailand Automotive Institute said on Monday that it expects the country to produce 2.5 million vehicles by 2030.

The institute said 200,000 of the vehicles will be battery electric vehicles (BEVs).

At a seminar in Bangkok, acting president of the institute Adisak Rohitasune said Thailand was already producing about 2 million vehicles a year, most of them are run on petrol engines.

"In 2030, the country would become an important production base of modern vehicles in the region," said Adisak. "It would produce 2.5 million vehicles a year and of them, 1.5 million would be for domestic markets."

He also said that of the domestic vehicles, 15 percent or 225,000 would be BEVs and 60 percent be vehicles with petrol engines and autonomous vehicles.

Public transport vehicles such as buses, Tuk Tuk rickshaws and motorcycle taxis would be electric vehicles, Adisak said.

There are about 15 million vehicles in Thailand and the Energy Ministry expects to see 1.2 million BEVs and plug-in hybrid electric vehicles by 2036, he said.

Adisak said that in 2030 the value of automobile production and services would reach 1 trillion U.S. dollars in the world, and Thailand find ways to upgrade itself to cash in on the trend.

The Thailand Automotive Institute also proposed several measures including vehicular tax restructuring and incentives in favor of clean vehicles.

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