Thai firm energy absolute predicts 20% revenue growth by 2024 driven by EV demand

[webfact]

 

Energy Absolute (EA), a developer and operator of renewable energy and electric vehicles (EVs) listed on the Stock Exchange of Thailand, anticipates a minimum of 20% revenue growth by 2024. This increase, it suggests, will be primarily driven by the escalating demand for EVs in Thailand.

 

The tourism sector’s recuperation and corporate demand for employee shuttle services are likely to drive sales of EA’s electric buses, contributing significantly to its revenue, according to Vittaya Changeutai, EA’s assistant vice-president.

 

Currently, Thailand has approximately 2,200 public transport operators utilising electric buses. This number is predicted to rise to 4,000 by 2024. The shift towards EVs by bus operators, in part to evade escalating fuel prices and reduce maintenance costs, is expected to drive this increase.

Additionally, the government’s commitment to curbing PM2.5 ultra-fine air pollution, which diesel vehicles emit, should also positively impact EA’s sales, per Vittaya.

 

by Alex Morgan

Photo courtesy of Minebus รถบัสพลังงานไฟฟ้า (Facebook)

 

Full story: The Thaiger 2023-12-19

 

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[mfd101]

3 hours ago, webfact said:

curbing PM2.5 ultra-fine air pollution

Let us hope so.