"electric vehicles"

Finance Minister Arkhom Termpittayapaisith revealed on Monday that Thailand faces a delicate balancing act in its transition to electric vehicles.

Thais are showing more interest in electric vehicles (EV) in line with growing global attention towards the environment, as Chinese automaker Great Wall Motor (GWM) learned in a recent workshop.

In a bid to have more electric vehicles (EV) on the roads of Thailand, the National EV Policy Committee is getting ready to propose a draft to the Cabinet on Tuesday.

Chinas efforts to build a thriving market for secondhand vehicles, pretty much from zero, are slowly starting to deliver results, including in the electric car segment.

"In terms of investment into the UK, weve seen Chinese companies set up research and development centers," said SMMT chief executive officer Mike Hawes, listing a couple of Chinese firms which have invested in the country, including Geely, Changan, SAIC, BYD and so on.

Sales of new energy vehicles are expected to maintain high-speed growth in China, as they become a serious choice for volume car buyers, industry experts said.

SK On, the battery arm of South Koreas SK Innovation, plans to invest 3 trillion won ($2.53 billion) to build a new electric vehicle battery production base in China, and has signed an agreement with Yancheng in Jiangsu province, Yonhap News Agency reported on Thursday.

The Finance Ministry has called on the Excise and Customs departments to come up with a tax rate for electric vehicles (EVs) soon, as part of Thailand’s dream to achieve zero emissions by 2065.

In a bid to achieve Thailand’s zero-carbon goals, the Finance Ministry aims to boost the electric vehicle (EV) industry by offering tax cuts to manufacturers and buyers.

255 electric vehicles (EVs) have been registered in September, bringing total EV registration in the nine months of 2021 to 1,485 units, increasing 42.4 per cent year on year, according to the Federation of Thai Industries Automotive Industry Club.

To help Thailand become a “low carbon society”, the Electricity Generating Authority of Thailand (Egat) will set up 120 new EV charging stations next year.

The Provincial Electricity Authority (PEA), in cooperation with the Panas Assembly Company, will build a network of charging stations across the country to support the use of electric vehicles, especially EV buses.