Mr Suphakorn, right, says Toyota wants to talk with the new government about its energy price policies. Lamonphet ApisitniranToyota Motor Thailand is preparing to hold talks with the new government on oil and electricity policies, as surging energy prices weigh heavily on consumers considering car purchases. Suphakorn Rattanawaraha, executive vice-president of Toyota Motor Thailand, said the auto industry faces mounting challenges from rising oil prices triggered by the Israeli-US conflict with Iran. "Toyota has prepared information about the auto industry for discussion with government leaders, including regarding EV [electric vehicle] incentive schemes," he said. Toyota expects short-term impacts from rising diesel and gasoline prices, but expressed confidence the government will step in to stabilise the situation.

Source: Bangkok Post April 05, 2026 22:59 UTC