Thailand's Auto Output Drops 24.63% as Domestic Sales Falter

[billd766]

1 hour ago, steve187 said:

maybe not paid for but taken delivery of.

as shown by the figures, unless Thailand ups their game on the vehicles that are required by todays market they will go the same route as the British car industry, don't forget that ice vehicles are being phased out

ICE vehicles are not really being phased out so don't write them off yet.

[vinny41]

2 hours ago, steve187 said:

maybe not paid for but taken delivery of.

as shown by the figures, unless Thailand ups their game on the vehicles that are required by todays market they will go the same route as the British car industry, don't forget that ice vehicles are being phased out

Long away to go before ice cars are phased out

2024

Car output dropped to 1.47 million units from 1.83 million in 2023. Production on a year-on-year basis contracted for the 17th successive month in December, falling 17.4% to 104,878 units, the FTI said.

2025

This year, car production is projected at 1.5 million units, of which 1 million will be for export and the rest for the local market, the federation said.

https://www.bangkokpost.com/business/motoring/2949236/thailand-car-production-down-20-in-2024

The government has a policy that by 2030, 30% of all vehicles manufactured in Thailand will be electric.

[sometime]

On 2/25/2025 at 7:00 AM, Geoffggi said:

 

It is not just Thailand; the whole world is battling this problem. the main factors are people cannot afford the cost of electric vehicles coupled with this the infrastructure is not available in many countries to support electric vehicles & the many unknowns associated with this line of progress throughout the auto industry. Many people are reluctant to purchase battery driven electric vehicles (& quite rightly so in my opinion) there are other & possibly better alternatives out there once they iron out a few problems.

Rowan Atkinson on driving a hydrogen rally car at FOS 

 

[spidermike007]

This is not just about EV's, this is about the overall automotive market. 

 

Trade tensions are just a small part of the equation. The economy here is in tatters, and it is still suffering from 10 years of the Prayuth Decimation. The debt is higher than it's ever been, the banks are being very stingy with loans at this point because the default rates are so high, the new car market has stalled, property sales are very slow, and exports are dropping, so the problems are numerous. 

 

As if those problems weren't enough, though the tourist arrival numbers are high, the quality of tourists continues to drop, and the amount that the average tourist is spending continues to drop, so the total revenue being brought in from tourism is significantly less than it was pre-covid. 

 

I could go on. A message to the young PM. You might as well stop with the lies because nobody believes you anymore. Do something. Do anything. 

 

 

[steve187]

15 hours ago, vinny41 said:

Long away to go before ice cars are phased out

2024

Car output dropped to 1.47 million units from 1.83 million in 2023. Production on a year-on-year basis contracted for the 17th successive month in December, falling 17.4% to 104,878 units, the FTI said.

2025

This year, car production is projected at 1.5 million units, of which 1 million will be for export and the rest for the local market, the federation said.

https://www.bangkokpost.com/business/motoring/2949236/thailand-car-production-down-20-in-2024

The government has a policy that by 2030, 30% of all vehicles manufactured in Thailand will be electric.

UK targets are -

2024: 22% of new car sales and 10% of new van sales must be zero-emission 

2030: 80% of new car sales and 70% of new van sales must be zero-emission 

2035: 100% of new car sales and van sales must be zero-emission 

 

which refer to zero emission vehicles, not just EV's, so this would impact on Thailand's vehicle production numbers of  ICE vehicles

United Kingdom Imports from Thailand of Motor cars and vehicles for transporting persons, was US$55.48 Million during 2023

[J Branche]

No need to worry the Foreign Sourced Income Tax will fill the gaps.

Cha-Ching