A mix of internal economic challenges, shifting consumer preferences, and geopolitical risks are reshaping Thailand’s auto industry outlook. The Kasikorn Research Centre projects that car sales will fall to 565,000 units in 2025, down from previous expectations. The downturn is prompting a contraction in...
The Thai government is moving to adjust its electric vehicle (EV) promotion policies in response to a growing risk of market oversupply that could destabilize the domestic EV sector. The current subsidy framework, designed to stimulate local production while controlling imports, is being reconsidered...