electric vehicles collaboration

Surfing the Global Electric Vehicle Wave: Thailand and Indonesia Collaborate

Thailand has experienced a remarkable surge in electric vehicle (EV) registrations, with over 32,000 EVs registered in just the first five months of this year, a 474.43% rise yearonyear. In comparison, Indonesia sold only 10,000 EVs in 2022 and predicts sales will reach around 50,000 units this year. This growth can be attributed to publicprivate partnerships and supportive government policies, such as the 80% tax break effective from November 2021 to November 2025 and subsidies ranging from 70,000 baht to 150,000 baht (US$2,000 to US$4,350) for eligible EVs.

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