Thailand Electric Vehicle (EV) Landscape & Market Assessment 2018-2025: Opportunities for New Entrants & EV Adoption in Shared Mobility - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 17, 2019--
The “Assessment of the Electric Vehicle (EV) Landscape in Thailand, 2018-2025” report has been added to ResearchAndMarkets.com’s offering.
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.
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 the manufacturing and sales of EVs. It also describes factors that drive and restrain market growth and provides existing key trends in the market.
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.
Key Issues Addressed
Key Topics Covered:
Research Scope, Objectives, Background, and Methodology
Market Drivers and Restraints
Thailand Market Overview
Thailand EV Market Overview
EV Policy Landscape
EV Market Measurements in Thailand
Overview of EV Charging Infrastructure in Thailand
Company Profile of Key Participants
EV Trends-Global and ASEAN Outlook
Growth Opportunities and Strategic Imperatives
The Last Word
For more information about this report visit https://www.researchandmarkets.com/r/h1s72n
View source version on businesswire.com:https://www.businesswire.com/news/home/20191217005415/en/
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INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 12/17/2019 06:36 AM/DISC: 12/17/2019 06:36 AM