Electric vehicles has gained popularity daily as this innovation is going to play a very important role in the future. McKinsey & Company has estimated that EV will gain a market share of around 30-35% in the passenger cars segment in key markets such as China, Europe and the United States, and accounted for approximately 20-25% of global market share by the year 2030.
Thailand also aims to become the world's major electric vehicle production base by indicating this goal in the draft of the 13th National Economic and Social Development Plan. One of the key factors that will create this demand and enhance public adoption of this green vehicle will depend on the efficiency of "battery.” The plan indicated an establishment of a co-enterprise for the purpose of research and development of batteries, sensor systems, electronic systems and communication systems in electric vehicles as well as the development of technologies to capture carbon dioxide and evaluation of the product’s entire life cycle. The goal is to reach an investment in electric vehicles and parts of no less than 130 billion baht by the year 2027, an increase of at least 14 suppliers in the EV supply chain, an increase of 5,000 charging stations/fast charge outlets, and also increase investments in essential technologies for EV industry in Thailand.
