Several hurdles remain for local EV market
The state passed an incentive package for electric cars, but high prices and lack of charging infrastructure hinder buyers The lingering question following the launch of the government’s electric vehicle (EV) incentive package earlier this year is whether lower prices will be able to attract prospective car buyers.
Oil refineries face state price cap
Energy authorities are considering imposing a price cap on oil sold by Thai refineries to better control energy inflation, with ongoing measures to tackle the problem scheduled to end this month.
New tax law could provide spark to Thailand’s global EV hub dream
A new tax law introduced today could provide the spark to realize Thailand’s global electric vehicle hub dream. The Excise Department in Bangkok revealed a law governing the reduction of the EV tax from 8% to 2% will be published tomorrow in the Royal Gazette and come into effect on Friday, after the Council of […]
Biden to exempt tariffs on solar panels from Thailand for 24 months
US President Joe Biden will issue a proclamation on Monday that will allow solar panels to be imported to the United States from Thailand, Malaysia, Cambodia and Vietnam without risk of tariffs for a 24-month period, a source familiar with the matter told Reuters.
PTTEP to start Thailand’s first CCS project in 2026
PTT Exploration & Production (PTTEP) is gearing up to develop Thailand’s first carbon capture and storage (CCS) project at the Arthit offshore gas field as the state-backed upstream player eyes its net zero greenhouse gas (GHG) emissions target.
Thailand is turning into regional frontrunner in electric vehicle (EV), from luxury cars to tuk-tuks
By the end of 2022, a fully-electric Mercedes-EQS will roll off a production line in Bangkok to mark another milestone in Thailand’s remarkable journey from conventional automaking hub to regional frontrunner in electric vehicle (EV) production, according to an article published by the country’s Board of Investment (BOI).
Tesla registers as a company in Thailand
Tesla Company (Thailand) Ltd is now a registered company in Thailand, according to information found on the Department of Business Development’s website. The company registered today, on May 25, with an initial registration capital of 3 million baht. The primary purpose of Tesla in Thailand is to sell electric vehicles, or EVs. The company will […]
Risks rise for Thai power sector as PTTEP struggles with gas supply challenges, warns Fitch
Thailand’s state-backed upstream player PTT Exploration & Production (PTTEP) is facing significant gas supply challenges that pose further downside risks to the Southeast Asian nation’s gas power sector, warned Fitch Solutions. Thailand’s power sector is already facing downward pressures from strained import supply from Myanmar, which is a major exporter of natural gas to Thailand. […]
