CHANGING THE THAI MINDSET
Aside from enticing investors to expand EV manufacturing in Thailand, the government also wants to encourage its own citizens to convert to green vehicles.
One major incentive announced last November is that those buying electric cars, pick-up trucks or e-motorbikes will receive government subsidies. Depending on the vehicle type and battery capacity, consumers can enjoy subsidies from between 20,000 THB and 100,000 THB per unit.
Such incentives may be what some motorists need to make the switch.
Thai marketing executive Manon Sirianan who recently converted from a regular gas-powered vehicle to an electric one, said he projected savings in the long term.
The subsidy convinced him to buy an EV, he added. He is reaping the rewards of saving on gas, spending about a third of what he used to.
Thai firms are also doing their part to reduce noise and pollution brought about by the traffic congestion in the country.
Homegrown brand HSEM Motor used to make electric golf carts but started producing electric bikes about four years ago.
Its CEO Wanchai Leenawatthana saw an opportunity for e-motorbikes to cater to the needs of citizens and some corporations operating food delivery and ride app services.
He noted that cost of living is a big issue for those living in Bangkok.
Currently, riders have to pay 300 to 500 THB to get gas. However, if they switch to e-motorbikes, this will be reduced to less than 100 THB, he said.
“Using e-bikes will help reduce the household expenses so people can have more savings,” he said.
