The Government of Thailand has announced that it will spend THB12 billion to subsidise the purchase of 100,000 electric vehicles (EVs). The move supports the country’s strategy to become a regional hub for EV and component manufacturing in ASEAN, while advancing its carbon neutrality goal for 2050 and net-zero emissions target for 2065.
The initiative is part of the 30@30 policy, which targets at least 30 per cent of total passenger car and pickup truck production to be zero-emission vehicles by 2030, equivalent to about 725,000 units, along with 675,000 electric motorcycles.
As of June 2025, the Board of Investment (BOI) had approved 169 projects with a combined investment of THB137.698 billion. These cover the establishment of manufacturing plants for electric cars, motorcycles, three-wheelers, buses, trucks, boats, bicycles, and batteries, as well as charging and battery-swapping stations.
Of these, 21 projects in battery electric vehicle (BEV) manufacturing account for THB41.077 billion in investment and a combined annual capacity of 386,000 units. Electric motorcycle projects comprise 16 initiatives worth THB990 million with an annual capacity of 810,000 units.
Battery production represents the largest investment share, with 53 projects worth THB80.063 billion and a combined capacity of more than 74,000 MWh. In addition, 42 projects focus on EV components such as traction motors, battery management systems, on-board chargers, and inverters, representing THB6.521 billion in investment.
Charging infrastructure projects involve 29 initiatives valued at THB5.562 billion, with plans for 20,080 charging dispensers, including 7,360 quick chargers. Battery-swapping station projects include five developments worth THB1.279 billion, covering stations for motorcycles, passenger cars, pickup trucks, and commercial vehicles.
