Thailand Automotive Electric Trucks

The Thai government’s initiatives to promote greener transportation and reduce CO2 emissions are driving demand for electric buses and trucks in Thailand.  The Electric Vehicles Association of Thailand reports that registrations of new battery electric vehicles (BEV) grew 380 percent from 20,816 units in 2022 to 100,219 units in 2023.  BEV electric buses doubled, from 1,212 units in 2022 to 2,419 units in 2023, and BEV electric truck registrations grew more than tenfold, from 26 units in 2022 to 303 units in 2023. 

One notable example of the Thai government’s efforts is the Port Authority of Thailand’s (PAT) aim to achieve the goal of carbon neutrality by 2050.  PAT plans to update its fleet of conventional trucks to a fleet of electric trucks for transporting containers into and out of Leam Chabang Port. 

The electric truck sector is still developing in Thailand and Thailand’s battery manufacturers lack advanced technology for upstream production at a cellular level.  This presents a great opportunity for exporters of advanced upstream electric vehicle products and energy storage systems. 

The Board of Investment of Thailand, the agency responsible for promoting foreign investment, expects Thailand to have a large-scale battery cell factory in 2026.  Several manufacturers have expressed interest in investing and building battery facilities in Thailand. 

U.S. companies interested in supplying their technologies and services to support the adoption of electric vehicles are invited to contact Commercial Specialist Ms. Thanyathorn Voravongsatit for more information.