Thailand Electric Vehicle Market Outlook (2020-2025) | Industry, Trends, Growth, Companies, Forecast, Share, Value, COVID-19 IMPACT, Size, Analysis & Revenue

Thailand Electric Vehicle Market report comprehensively covers the market by vehicle types, charger types, DC charger power ratings, and by-charger end consumers. Thailand electric vehicle market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand Electric Vehicle Market Synopsis

Thailand electric vehicle market is at a nascent stage, the market witnessed minimum sales in the previous few years due to the outbreak of the Covid-19 pandemic. Further, Amid the rising adoption of electric cars around the globe, the Thailand Board of Investment approved several projects such as 10 battery and 2 charging stations production projects to encourage investment in electric vehicle charging-related projects. Moreover, a project worth THB5.48 billion ($175.36 million) by Mitsubishi Motors (Thailand) Co., Ltd.’s to upgrade the company’s existing car production line at Laem Chabang Industrial Estate has also been approved which would boost the demand for electric vehicles in the country.

According to 6Wresearch, Thailand electric vehicle market size grew at a CAGR of 75.5% during 2020-2025. Thailand electric vehicle market has significant growth prospects. The project of converting existing buses into electric buses by the Metropolitan Electricity Authority (MEA) with the help of the National Science and Technology Development Agency would be a significant factor behind the increasing demand for electric buses in the country.

Market Analysis By Vehicle Types     

4 wheeler passenger vehicles dominated the overall Thailand electric vehicle market in 2019 and the segment is likely to continue its dominance over the next few years. Additionally, the project of converting existing buses into electric buses by the Metropolitan Electricity Authority (MEA) with the help of the National Science and Technology Development Agency would be a significant factor behind the increasing demand for electric buses in the country.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 6 Years Market Numbers.
• Estimated Data Starting from 2020 to 2025F.
• Base Year: 2019
• Forecast Data until 2025F.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand Electric Vehicle Market Overview
• Thailand Electric Vehicle Market Outlook
• Thailand Electric Vehicle Market Forecast
• Historical Data and Forecast Thailand Electric Vehicle Market Revenues and Volume for the Period 2018-2028F
• Historical Data and Forecast of Thailand Electric Vehicle Market Revenues and Volume, By Vehicle Types, for the Period 2018-2028F
• Historical Data and Forecast of Thailand Electric Vehicle Market Revenues and Volume, By Charger Types, for the Period 2018-2028F
• Historical Data and Forecast of Thailand Electric Vehicle Market Revenues and Volume, By DC Charger Power Ratings, for the Period 2018-2028F
• Historical Data and Forecast of Thailand Electric Vehicle Market Revenues and Volume, By Charger End Consumers, for the Period 2018-2028F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Trends
• Thailand Vehicle Market Revenue Ranking, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Vehicle Types

• Electric 2-Wheeler
• Electric 3-Wheeler
• Electric 4-Wheeler
• Passenger Car
• Light Commercial Vehicle (Goods Carrier)
• Electric Bus
• Electric Truck

• By Charger Types

• AC
• DC

• By DC Charger Connector Types

• CHAdeMO
• CCS
• Others (including Tesla superchargers and GB/T)

• By DC Charger Power Ratings

• 40-80 kW
• 80-120 kW
• 120-200 kW

• By Charger End Consumers

• Public
• Private