The Thai government is actively preparing a new package of support measures to protect electric vehicle (EV) investors from intensifying competition and macroeconomic headwinds, the head of the Board of Investment (BOI) said on Wednesday.
Speaking at the 11th International Electric Vehicle Technology Conference and Exhibition, BOI Secretary-General Narit Therdsteerasukdi announced that the agency has finalized a proposal following direct consultations with individual automakers and industry groups like the Electric Vehicle Association of Thailand (EVAT).
Narit said the upcoming interventions aim to ensure long-term sustainability as the domestic industry faces rapid technological change and tighter local credit conditions that are beginning to contract the consumer market.
The announcement underscores a critical strategic pivot for the Southeast Asian automotive hub. EVAT President Suroj Sangsnit emphasized that Thailand’s transition can no longer merely focus on introducing more battery-powered cars into the market.
“More importantly, it is about building a complete, competitive, and connected EV ecosystem that can support Thailand’s longterm industrial growth,” Suroj said, mapping out critical localization fields including battery cell systems, advanced software, component recycling, charging infrastructure, and local talent development.
Xinhua
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