The Thailand electric two-wheeler market has primarily driven the fact that non-government organizations are supporting and fuelling electric vehicle adoption. However, now the government of the country has kick-started its actions towards the adoption of electric vehicles including light electric vehicles.
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The market for light electric vehicles in the country is primarily driven by the fact that non-government organizations are supporting and fueling electric vehicle adoption.
The government in Thailand plans to run 1.2 million electric vehicles and 690 charging stations in the country by 2036. The Thailand Automotive Institute has signed a letter of intent with Japan External Trade Organization (JETRO) for talks on next-generation vehicles to develop the EV industry in Thailand.
On the basis of battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Of all, sealed lead acid is the most common type of battery used in the electric two-wheelers in Thailand. Lower prices are the primary reason behind the highest share of a sealed lead-acid battery in the Thailand electric two-wheelers market.
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STAR 8 (THAILAND) Co. Ltd., UDA Motor Co. Ltd, Honda Motor Company, Ltd., E-Revolution Co Ltd, and Ningbo MYWAY Intelligent Technology Co. Ltd. are some of the key players operating in the Thailand electric two-wheelers market.
Thailand Electric Two-Wheeler Market Coverage
Product Insight and Forecast 2014-2024
Source: VynZ Research