Thai auto industry groups warn of crisis over EV policy
Ten Thai auto groups warned that the sector faces a crisis as EV imports erode local production. They urged the government to reform policies by 2027.
Xurve View
Insights:
Xurve View
Ten Thailand auto industry groups warned the government on Thursday that the sector faces a crisis as EV imports erode local production. The 1,500-member coalition stated the industry could collapse by 2027 when current electric vehicle incentive schemes expire. Investors face risks to $4B in existing capital as zero-tariff imports from China displace domestic manufacturing.
