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To attract investment from electric vehicle (EV) related businesses, the Thai government has rolled out a series of incentives, prompting responses from major multinational companies.

To reduce the country’s overall energy consumption, the Thai government is launching an energy-saving program targeting public sector agencies.

Thailand announced that manufacturers producing hybrid vehicles will benefit from a reduction in excise tax. This move will attract at least 50 billion baht (about USD 1.4 billion) in new investments over the next four years.

The Thai government is considering raising electricity prices, causing concerns in the industry about potential impacts on multinational corporate investment. Kriengkrai Thiennukul, Chairman of the Federation of Thai Industries (FIT), stated that Thailand

To attract foreign investment, particularly from data centers, the Thai government intends to open up Direct Power Purchase Agreements (DPPA), allowing businesses to directly purchase green electricity from power generators.

With a loss ratio exceeding 90% for Thailand's EV insurance and fluctuating prices in both new and used cars, insurance companies encounter significant challenges in setting appropriate insurance premiums.

Several Taiwanese companies exhibited their innovative green energy and smart mobility products at the ASEAN Sustainable Energy Week from July 3 to 5, capturing business opportunities in Southeast Asia's energy transition.

ASEAN Sustainable Energy Week took place from July 3 to 5 in Bangkok, Thailand, featuring over 1,400 global energy brands showcasing the latest in electric vehicle technology and energy storage solutions and expected to attract 28,000 visitors.

Plastic is primarily composed of high-carbon fossil fuels, with annual carbon emissions equivalent to 600 coal-fired power plants. Due to its resistance to natural decomposition, recycling and reuse have become critical issues.

Thailand's latest power development plan (PDP) raises the renewable energy generation target from the previous 36% to 51%. However, some renewable energy industry stakeholders believe that the country should set even more ambitious goals.