Reported 12 months ago
Thailand's automobile production has been gradually recovering since the impact of COVID-19, with 2023 output reaching 1.835 million vehicles, accounting for 43% of the total ASEAN production and securing the top spot in ASEAN. Despite this, car sales in Thailand have not seen a proportional increase due to economic slowdown and tightened car loan policies. To boost the market, the Thai government has actively introduced subsidies for electric vehicles, aiming to become a major hub for EV production in ASEAN by 2025.
Source: YAHOO