BANGKOK (NNT) – Oil prices remain elevated, giving a lift to demand for electric vehicles or EVs in Thailand.
This is reflected in the number of orders for electric automobiles at the 44th Bangkok International Motor Show where 9,234 EVs were ordered.
Industry Ministry Permanent Secretary Nattapol Rangsitpol said the 44th Bangkok International Motor Show held from March 20 to April 2 logged 1.62 million visitors. About 40 automobile and motorcycle makers were selling their products at the event. 42,885 automobiles were ordered at the event – an increase of 34.45% compared with the figure at the last iteration of the event.
9,234 of the automobiles ordered were electric vehicles (EVs), accounting for 21.53% of all automobile orders.
Mr. Nattapol said EVs have gained more popularity due to supporting measures from the government that brought EV prices down. Meanwhile, consumers now have greater confidence in EV standards. Automakers have also been launching a diverse range of new EV models and carrying out sales promotion campaigns for EVs.
