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Thailand’s EV incentive plan draws major investments from Nissan, Hyundai
Market

Thailand’s EV incentive plan draws major investments from Nissan, Hyundai

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.

August 12, 2024

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Thailand’s EV incentive plan draws major investments from Nissan, Hyundai
Market

Thailand’s EV incentive plan draws major investments from Nissan, Hyundai

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.

August 12, 2024
Thailand targets 585 million kWh savings with new public sector energy-saving plan
Regulation

Thailand targets 585 million kWh savings with new public sector energy-saving plan

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

August 06, 2024
Thailand unveils new incentives to lure hybrid vehicle investment
Regulation

Thailand unveils new incentives to lure hybrid vehicle investment

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.

July 30, 2024
Thailand considers electricity price increase of up to 44%
Regulation

Thailand considers electricity price increase of up to 44%

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

July 19, 2024
Thailand to open DPPA to attract data center investment
Regulation

Thailand to open DPPA to attract data center investment

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.

July 16, 2024
Thailand's EV insurance struggles with high costs, rapid depreciation
Market

Thailand's EV insurance struggles with high costs, rapid depreciation

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.

July 11, 2024
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