The development of battery electric vehicle (BEV) production base in Thailand may help reduce the impact on the supply chain of petrol-powered vehicles to THB210 billion over the next decade. Key points include:
- The arrival of BEVs from 2023 to 2032 may affect the petrol-powered vehicle industry, both in production and service, by more than THB600 billion if Thailand does not promote itself as a BEV production base alongside that of petrol-powered vehicles.
- Government measures have helped bolster the production of BEVs to support both domestic and export markets, reducing the impact on the supply chain of petrol-powered vehicles to THB210 billion, accounting for 1.2 percent of nominal GDP.
- Groups that require urgent assistance so that they can adjust first are parts suppliers within the 2nd Tier and lower, particularly those related to petrol-powered vehicles.
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