7 Important Thailand EV Regulations

7 Important Thailand EV Regulations

Thailand is starting to produce electric vehicles for customers in the country. Since it is a new trend, the stakeholders are preparing Thailand EV regulations. Electric vehicles are becoming popular, so the country expects that the growth is going to increase in the next ten years.

7 Thailand EV Regulations

  • Zero emission vehicle

Thailand is a country that regulates that by 2030, the area will decrease emissions by using electric vehicles. To support the statement from the National Electric Vehicle Policy, Thailand produces more vehicles with zero emissions. This ambition is a way for the country to create a low-carbon society and environment.

  • Becoming EV hub

One of Thailand’s EV roadmap is becoming a hub of electric vehicle distribution in the South East Asia countries. Since Thailand is a big enough country to grow the automotive industry, they are confident it to be one of the biggest hubs in the world. The government shares incentives to support production.

  • Power Development Plan

One of the regulations they have is the Power Development Plan. The government will generate the use of vehicles by changing the powertrains into electric vehicles. This plan has been starting since 2019. By this regulation, the government expects to generate the power supply by 26% as well.

  • EV for public transportation

An important Thailand’s EV roadmap is creating electric vehicles for public transportation. Though the number of public transportation usage in Thailand has a small gap with private vehicles, the EV will help the area to reduce emissions and follow low-carbon policy.

  • Bio-fuels regulation

When electric vehicles finally dominate the automotive sector, the government should rethink biofuel policies. The social and economic impacts are higher because the agriculture industry will drop. The workers will lose their jobs because of fewer biofuels to use for transportation.

  • Tax regulation

Tax regulation is in the roadmap of electric vehicles too. The government plans to give more incentives to the industry, so production will be more productive. It means that there will be less revenue from the tax. The calculation should be careful since it may have some losses.

  • Imported material

The country also still depends on imported materials. To support the less costly production, the country tries to produce components locally, yet the challenge is still high because of the raw material requirements. There should be solid regulation for this matter.

Thailand EV regulations are important to lead the country to become more efficient, yet without losing the financial incentive because of incentives planned from tax revenue. The impact on the economy will be great as long as the calculation remains carefully to maximize the benefits

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