Thailand's electric vehicle sector to see demand surge amid strong oil prices: DBS

[webfact]

DBS sees a potential shift in demand from internal combustion emission vehicles to electric vehicles.

PHOTO: PIXABAY

 

MICHELLE ZHU

 

MORE affordable electric vehicle (EV) prices as well as rising crude oil and petroleum prices are set to prompt a surge in EV demand in Thailand, according to DBS Group Research.

 

In a report on Tuesday (Mar 15), DBS said it believed demand for EVs are on the rise due to a combination of environmental concerns, government support and maintenance costs.

 

Citing data compiled by the Electric Vehicle Association of Thailand, DBS noted that total EV sales have grown by a volume compound annual growth rate of about 20 per cent over 2016 to 2021.

 

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Full story: https://www.businesstimes.com.sg/asean-business/thailands-electric-vehicle-sector-to-see-demand-surge-amid-strong-oil-prices-dbs

 

-- © Copyright  BUSINESS TIMES 2022-03-16

 

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[tonray]

I'm buying stock in extension cord manufacturers to play the trend

[bert bloggs]

Best of luck finding a charger if you have one, never actually seen one  here in Thailand

[tonray]

1 minute ago, bert bloggs said:

Best of luck finding a charger if you have one, never actually seen one  here in Thailand

This will work best at first as 'city' cars for shopping and local errands. Install charging port in your driveway and could work...but for long trips right now their utility is somewhat limited given the lack of charging infrastructure. I only use the car for local shopping and errands mainly...for me, if there were some financial incentives on purchase (rebate, etc) I could see my next car going EV.

[VincentRJ]

I wonder when the price of the essential metals such as Lithium, Cobalt, Copper and Nickel, required for the construction of electric motors and batteries. will begin to escalate as reserves of these metals become scarce.

 

Recycling is a solution, but is currently a very expensive source of these metals. There is also the expense of replacing the current petrol stations with a far greater number of electric recharging stations, considering how long it takes to recharge a battery compared with how long it takes to fill a tank with petrol.

 

Then there is the additional cost of providing huge amounts of reliable electricity supply for the recharging of millions of electric vehicles at all times of the day.

[Henryford]

Annual growth rate of 20% - from 5 to 6 a year.

[hotchilli]

4 hours ago, webfact said:

MORE affordable electric vehicle (EV) prices as well as rising crude oil and petroleum prices are set to prompt a surge in EV demand in Thailand, according to DBS Group Research.

[placeholder]

46 minutes ago, VincentRJ said:

I wonder when the price of the essential metals such as Lithium, Cobalt, Copper and Nickel, required for the construction of electric motors and batteries. will begin to escalate as reserves of these metals become scarce.

 

Recycling is a solution, but is currently a very expensive source of these metals. There is also the expense of replacing the current petrol stations with a far greater number of electric recharging stations, considering how long it takes to recharge a battery compared with how long it takes to fill a tank with petrol.

 

You sure about that?

Tesla co-founder JB Straubel confirms Redwood’s battery recycling operations are already profitable

"We’re not profitable yet because we’re growing so quickly and we’re reinvesting and will be for quite a few years. But the actual operations of recycling these batteries, that is profitable today. There’s really a quite a hunger for these materials,” Straubel said. "

https://www.teslarati.com/tesla-co-founder-jb-straubel-redwood-profitable/

[placeholder]

53 minutes ago, VincentRJ said:

Then there is the additional cost of providing huge amounts of reliable electricity supply for the recharging of millions of electric vehicles at all times of the day.

Actually, if you live in a house, charging can be done in the evening when rates are lower.  Also, you don't need a dedicated site to charge electric cars. Chargers can be offered in the parking lots of shopping malls. In fact they already are, even in Thailand. In addition you assume that batteries will always take a long time to recharge. As solid state batteries replace liquid electrolyte batteries, charging times will plummet.

[sungod]

1 hour ago, bert bloggs said:

Best of luck finding a charger if you have one, never actually seen one  here in Thailand

They are around, Bangkok Pattaya Hospital, Index and even saw one at K Stadium football Pitch off Pattaya Klang.

Some hotels have them, even heard the 'Outback' by the lake had them/ considering them. But yes, not widespread at the moment.

[LarrySR]

You’re thick in the head if you own a business and don’t install battery chargers in the parking lot. 
The info system in the cars will direct customers to your chargers. 

Most drivers will have a fully topped off battery every morning and never need to charge up when out and about. 
 

[placeholder]

18 minutes ago, sungod said:

They are around, Bangkok Pattaya Hospital, Index and even saw one at K Stadium football Pitch off Pattaya Klang.

Some hotels have them, even heard the 'Outback' by the lake had them/ considering them. But yes, not widespread at the moment.

Here's a map showing locations in Bangkok and vicinity from a charger provider called EA anywhere

https://www.eaanywhere.com/maps

[Will B Good]

If I lived in a house in BKK AND could charge the car overnight AND  didn't do any long journeys AND the price was 'right'......I might just consider it an option.

[Hamus Yaigh]

18 minutes ago, placeholder said:

Here's a map showing locations in Bangkok

Those way-point markers are about 2km wide in the image! If you zoom in you'll find few  to none compared to available petrol pumps. Bangkok is only suited to EV's in the outskirts, people should use public mass transport in the city where traffic is jammed already.

 

If you go Thailand wide the situation is much worse for charge points, so people would need two cars, one EV and one petrol. Make sense?!

 

Whatever you buy in EV today will be obsolete in a short time like the evolution of computers and smart phones in the early years. People with money to burn and smug Eco-warriors will buy EV's, for the practical its a trusted ICE for years to come.

[WorriedNoodle]

22 minutes ago, placeholder said:

44 minutes ago, sungod said:

They are around, Bangkok Pattaya Hospital, Index and even saw one at K Stadium football Pitch off Pattaya Klang.

Some hotels have them, even heard the 'Outback' by the lake had them/ considering them. But yes, not widespread at the moment.

Here's a map showing locations in Bangkok and vicinity from a charger provider called EA anywhere

That's a long way to go for @sungod who's entire world revolves around Pattaya?

[LarrySR]

China installed 284,000 public EV charging outlets in 2020, including 112,000 in December alone.

[placeholder]

2 minutes ago, Hamus Yaigh said:

Those way-point markers are about 2km wide in the image! If you zoom in you'll find few  to none compared to available petrol pumps. Bangkok is only suited to EV's in the outskirts, people should use public mass transport in the city where traffic is jammed already.

 

If you go Thailand wide the situation is much worse for charge points, so people would need two cars, one EV and one petrol. Make sense?!

 

Whatever you buy in EV today will be obsolete in a short time like the evolution of computers and smart phones in the early years. People with money to burn and smug Eco-warriors will buy EV's, for the practical its a trusted ICE for years to come.

These are the chargers provided by just one company.

Your comment about what kind of transport people should use makes no sense at all. Are you saying it's only wrong to buy EV's if you live in Bangkok but not ICE vehicles. That somehow ICE vehicles have less impact on congestion than EV's.  And if not, why raise the issue at all?  And the fact that EV's generate no fumes at street level and are a lot quieter than ICE vehicles should count for something.

As for long distance traveling, charges are concentrated along or near the major highways. So unless you plan to navigate your way solely along back roads, charging shouldn't be a problem. 

As for only eco warriors and those with money to burn being the only people who will buy EV's, that's hard to reconcile with their rapid and continuing rise in sales.  Maybe you should share your views with virtually all the major automobile manufactures who are, to your way of thinking, misguidedly investing 10's of billions of dollars to develop EV's. Are they "smug eco-warriors" too?

 

[KhunLA]

At present, since few EVs on the road, I don't think charging is an issue.

 

Initial outlay to buy the EV, may be a stretch for some, or like myself, justifying the added price tag considering one's driving habits.

 

ICE (Celerio) starts at ฿330k.   Can't get much of an EV for that. 

Tinker car EV (Wuling) starts at ฿400k and limited to local driving only.

 

฿900k for Ora Good Cat

฿1m for MG EP

[sungod]

29 minutes ago, WorriedNoodle said:

That's a long way to go for @sungod who's entire world revolves around Pattaya?

The guy saying he had not seen EV charging points lives in Pattaya, didn't think it useful to mention any points in Chiang Mai for example,

 

Besides, I drive a diesel..............

[HauptmannUK]

In 2020 only 10% of Thailand's electricity was from renewable sources. 14% was imported and the remaining approx 75% from fossil fuels.  Factor in generation, energy conversion and transmission/charging losses and an EV in Thailand is probably burning more fossil fuel per km travelled than an equivalent ICE.  Until renewable energy generation is massively expanded its probably LPG and CNG that are cleanest means of propulsion.

[Will B Good]

Just now, HauptmannUK said:

In 2020 only 10% of Thailand's electricity was from renewable sources. 14% was imported and the remaining approx 75% from fossil fuels.  Factor in generation, energy conversion and transmission/charging losses and an EV in Thailand is probably burning more fossil fuel per km travelled than an equivalent ICE.  Until renewable energy generation is massively expanded its probably LPG and CNG that are cleanest means of propulsion.

It terms of energy supply it is critical that the Thais do not go down the road of nuclear!!!!

[KhunLA]

4 minutes ago, sungod said:

The guy saying he had not seen EV charging points lives in Pattaya, didn't think it useful to mention any points in Chiang Mai for example,

 

Besides, I drive a diesel..............

Can't find them if you don't look for them.  I notice them, and not even looking for them.

 

As I pulled into a vendor last night, someone was hooking up to one, then strolling away, to get a munch I believe.  OK, it was a MG dealer ????.  Wanted to get a new price sheet for 2022 EVs, and they closed at 1700, this at 1730, mind boggling.  Gate open for charging access.

 

Last hotel I stayed at, had 3 on the parking level I parked on, 1 was in use.  Last mall I visited had a few on level I parked, none in use.

[sungod]

13 minutes ago, KhunLA said:

As I pulled into a vendor last night, someone was hooking up to one, then strolling away, to get a munch I believe. 

Hooking the motor up and getting a 'munch' at a 'Gentleman's club' could be a massive selling point.

 

Thanks for the idea!

[KhunLA]

12 minutes ago, HauptmannUK said:

In 2020 only 10% of Thailand's electricity was from renewable sources. 14% was imported and the remaining approx 75% from fossil fuels.  Factor in generation, energy conversion and transmission/charging losses and an EV in Thailand is probably burning more fossil fuel per km travelled than an equivalent ICE.  Until renewable energy generation is massively expanded its probably LPG and CNG that are cleanest means of propulsion.

18% from coal

Imported is natural gas & hydro, probably

Oil so low, it doesn't even get a # %

[Doctor Tom]

I can't even guarantee that my aircons and fans will stay running on any one given day, or that fluctuations in supply will not wreck yet another computer, never mind have my car reliant on Thai Electricity.  It's a no from me.  I will stick to petrol.  

[vandeventer]

3 hours ago, bert bloggs said:

Best of luck finding a charger if you have one, never actually seen one  here in Thailand

I drove a small one in Australia. They are ok to drive but make no noise so not so good for a motorcycle.

[Will B Good]

1 minute ago, KhunLA said:

18% from coal

Imported is natural gas & hydro, probably

Oil so low, it doesn't even get a # %

GWh is a unit of energy......nothing to do with you.....but I find it surprising how often people presenting this kind of stuff get things mixed up.

[Will B Good]

3 minutes ago, Doctor Tom said:

I can't even guarantee that my aircons and fans will stay running on any one given day, or that fluctuations in supply will not wreck yet another computer, never mind have my car reliant on Thai Electricity.  It's a no from me.  I will stick to petrol.  

Just looking into buying a small generator....if we lose our aircon I'll have to sit in the car all night.

[ballpoint]

Most Robinson "Lifestyle Centres" have charging stations these days, with my local one in Surin highlighted.  Many MG dealers also have them.  I currently don't have an electric car, but there's a strong probability that the next one I buy will be.  Many have a range of over 450km these days, with the Mercedes EQS having an independently tested range of 780km, and fast charging times to go with it - from 10% to 80% capacity in around 30 minutes.  What is now required is for condos to add charging stations, along with hotels.  I could easily install a solar powered point at my house up country, but my condo building in Bangkok doesn't have them, so I'd be forced to take the car out for charging at present.

Robinson สุรินทร์ - DC Fast Electric Car Charging - Robinson สุรินทร์ ชั้นที่ 1F เลขที่ 338 หมู่ที่ 16 ต.สลักได อ.เมือง จ.สุรินทร์ 32000 - Shopping Center - PlugShare

Top 10 longest range electric cars 2022 | Auto Express

 

[sirineou]

3 hours ago, tonray said:

This will work best at first as 'city' cars for shopping and local errands. Install charging port in your driveway and could work...but for long trips right now their utility is somewhat limited given the lack of charging infrastructure. I only use the car for local shopping and errands mainly...for me, if there were some financial incentives on purchase (rebate, etc) I could see my next car going EV.

I agree, 95% of all of my driving is in less than 50 kn from my house, I would not mind having and EV, and at some point I probably will. I certainly would if we had two cars.