Deposits
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Thailand’s electric vehicle (EV) industry is expected to continue growing during 2026–2028, with new passenger BEV registrations projected at 125,000 units annually
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Over 2024 to 2026, the outlook for the domestic EV industry will remain positive thanks to strength on both the demand and supply sides of the market, driven by: (i) the continuation of subsidies for buyers of BEVs, which will help to push new registrations of total passenger BEVs to an annual total of around 190,000 vehicles; (ii) the enforcement of provisions in the EV 3.0 and EV 3.5 measures requiring manufacturers to compensate for imports of EVs with domestically produced vehicles;
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Overall, Thailand’s automotive parts production is projected to expand by 1.5–2.5% per year over 2026–2028. This growth is driven mainly by increased manufacturing capacity for electric vehicle (EV)
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The printed circuit board (PCB) industry is expected to see an improved outlook from 2025 to 2027 due to several factors: (i) investment support schemes from the Board of Investment (BOI) aimed at the electronics and electrical appliance sectors, (ii) a steady increase in electric vehicle (EV) sales; (iii) the beginning of a new replacement cycle for personal computers and mobile phones; and (v) increased investments in semiconductor production capacity by major global manufacturers,
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Used Electric Vehicles: Supply and Resale Value
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Electric Motorcycles: Challenges and Pathways for Industry Transformation
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Electric vehicles: An approaching confluence of opportunity and demand
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