Thailand 4-Wheeler Electric Vehicle Market Outlook (2020-2025) | Growth, Analysis, COVID-19 IMPACT, Forecast, Industry, Revenue, Size, Share, Companies, Value & Trends

Thailand 4-Wheeler Electric Vehicle Market report comprehensively covers the market by vehicle types, charger types, DC charger connector types, DC charger power ratings, and end consumers. Thailand 4-Wheeler Electric Vehicle market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand 4-Wheeler Electric Vehicle Market Synopsis

The incursion of the COVID-19 pandemic has resulted in a slowdown in the Thailand economy during the first half of 2020 further obstructing the growth of Thailand's electric vehicle market. However, with the advent of 13 Battery Electric Vehicle projects approved by Thailand Board of Investment, the 4-wheeler passenger electric vehicle market is expected to witness significant growth during the forecast period. BEV projects worth 15.6 billion baht by companies such as Mitsubishi, Hyundai, Audi, MG, and Toyota would increase the production of battery electric vehicles in the country leading to increase in demand for 4-wheeler electric vehicles in the coming years.

According to 6Wresearch, Thailand 4-wheeler electric vehicle market size grew at a CAGR of 73.9% during 2020-2025. Foreign carmakers are also stepping up in the Thailand market to expand their electric vehicle business, for instance, Chinese carmaker Great Wall Motors Co (GWM) announced to strengthen its car production in the country by adding a range of EVs to its production lines, covering hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs).

Market Analysis By Vehicle Types

The passenger car segment has dominated the overall Thailand 4-wheeler electric vehicle market. Further, German maker BMW would help to build facilities to support the ecosystem of electric vehicles in Thailand which would be a significant factor to boost the confidence among the consumers in using electric vehicles.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 6 Years Market Numbers.
• Estimated Data Starting from 2020 to 2025F.
• Base Year: 2019
• Forecast Data until 2025F.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand 4-Wheeler Electric Vehicle Market Overview
• Thailand 4-Wheeler Electric Vehicle Market Outlook
• Thailand 4-Wheeler Electric Vehicle Market Forecast
• Historical Data and Forecast Thailand 4-Wheeler Electric Vehicle Market Revenues and Volume for the Period 2019-2025F
• Historical Data and Forecast of Thailand 4-Wheeler Electric Vehicle Market Revenues and Volume, By Vehicle Types, for the Period 2019-2025F
• Historical Data and Forecast of Thailand 4-Wheeler Electric Vehicle Market Revenues and Volume, By Charger Types, for the Period 2019-2025F
• Historical Data and Forecast of Thailand 4-Wheeler Electric Vehicle Market Revenues and Volume, By DC Charger Connector Types, for the Period 2019-2025F
• Historical Data and Forecast of Thailand 4-Wheeler Electric Vehicle Market Revenues and Volume, By DC Charger Power Ratings, for the Period 2019-2025F
• Historical Data and Forecast of Thailand 4-Wheeler Electric Vehicle Market Revenues and Volume, By Charger End Consumers, for the Period 2019-2025F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Trends
• Japan Vehicle Market Revenue Ranking, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Vehicle Types

• Passenger Car
• Light Commercial Vehicle (Goods Carrier)

By Charger Types

• AC
• DC

By DC Charger Connector Types

• CHAdeMO
• CCS
• Others (including Tesla superchargers and GB/T)

By DC Charger Power Ratings

• 40-80 kW
• 80-120 kW
• 120-200 kW

By Charger End Consumers

• Public
• Private