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Thailand targets to reduce greenhouse gas emissions by 20-25% by 2030.
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Thailand’s mass adoption of electric vehicles (EVs) is vital with streamlined policies, product manufacturing, and infrastructure.
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ADB’s finance and knowledge support creates better understanding and opportunities for electric mobility in Thailand.
Thailand aims to cut emissions from the energy and transport sectors by 7%-20% against a business-as-usual scenario as part of its goal to reduce greenhouse gas emissions by 20%-25% by 2030 compared to 2005.
To achieve these goals, Thailand’s mass adoption of electric vehicles (EVs) is required with streamlined policies, product manufacturing, and infrastructure. From the policy perspective, excise tax incentives were designed to allow affordable EV prices for consumers, thus attracting investments in EV production in Thailand. From an infrastructure perspective, charging stations have been developed while modern grids with lots of capacity were provided in response to the increasing EV usage on the road. To create more understanding, consumers should also be equipped with knowledge of the readiness of electric mobility in Thailand.
ADB has assisted Thailand’s transport transformation through the mobilization of financial resources and technical support to create more understanding and opportunities for electric mobility such as electric vehicles, electric ferries, and electric bus transport in the country. The electric mobility trend is emerging not only in Thailand but across Southeast Asia.
Source: adb
