EV Market and Charging Infrastructure Development in Thailand
Thailand’s transport sector is undergoing a major transformation. Vehicle registrations have maintained a CAGR of 3.7% since 2008, led by passenger cars at 5.2%. As of November 2024, the vehicle stock reached 46.8 million, dominated by motorcycles (52.2%) and passenger cars (42.6%), reflecting the sector’s heavy reliance on road transport, which accounts for 80% of freight and passenger movements. By 2035, total registrations are projected to reach 68.2 million, with a motorization rate expected to reach 886 vehicles per 1,000 population by 2050. The EV market continues to expand rapidly but unevenly across segments.
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