EV overview shows sales growth slowing

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The story "EV overview shows sales growth slowing" was covered 3 days ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post 3d ago

EV overview shows sales growth slowing - Bangkok Post

Quick Summary:

Electric vehicle (EV) sales in Thailand slowed considerably in 2024 following explosive growth of 320% in 2023, as a reduction in incentives offered to consumers and stricter loan requirements negatively impact the pace of adoption.

According to EVAT, Thailand had 10,846 public charging stations as of July 2024, up 11.8% from the end of 2023.

Lower than expected EV sales are part of a broader decline in the Thai auto industry, which recorded a 25.3% contraction in car production in the first nine months of 2024.