FTI says country needs to step up EV developmentThailand must speed up its electric vehicle (EV) development to stay ahead of Indonesia if it still wants to become a regional EV production hub, says the Federation of Thai Industries (FTI). While Thailand is good at manufacturing cars and auto parts, Indonesia is rich in the resources required to serve the EV industry. "We have to step up efforts to develop our EV industry, taking advantage of our strength as a centre of car production and supply chains." Its major car production status has long earned it the moniker "the Detroit of Asia". EV sales have continued to grow in Thailand, with EV bookings rising to around 10,000 units a year, compared with around 1,000 units a year in Indonesia, said Mr Kriengkrai.

Source: Bangkok Post June 23, 2022 03:07 UTC