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To attract investment from electric vehicle (EV) related businesses, the Thai government has rolled out a series of incentives, prompting responses from major multinational companies.

With a loss ratio exceeding 90% for Thailand's EV insurance and fluctuating prices in both new and used cars, insurance companies encounter significant challenges in setting appropriate insurance premiums.

Several Taiwanese companies exhibited their innovative green energy and smart mobility products at the ASEAN Sustainable Energy Week from July 3 to 5, capturing business opportunities in Southeast Asia's energy transition.

ASEAN Sustainable Energy Week took place from July 3 to 5 in Bangkok, Thailand, featuring over 1,400 global energy brands showcasing the latest in electric vehicle technology and energy storage solutions and expected to attract 28,000 visitors.

Thai gas stations are increasingly diversifying into non-oil businesses such as pet care and coffee as gasoline sales decrease. This shift is driven by the government's target for 30% of domestic car production to be EV by 2030.

The data center boom driven by the technology industry has attracted other sectors to join the fray. Among them, Thailand's energy company B.Grimm Power plans to leverage its renewable energy advantages to seek partners, while Thai real estate developer C

The 2024 Future Energy Asia exhibition took place from May 15 to 17 under the banner of "Asia's Solutions to the World's Energy Challenges," exploring feasible and innovative energy solutions to redefine the future of energy production and consumption.

Gulf Energy Development anticipates that the establishment of 25 new solar farms will aid the government in more effectively regulating electricity prices, potentially resulting in reduced power bills.

Thai businesses are calling on the government to reform the green energy trading mechanism. The Federation of Thai Industries (FTI) believes that the government should expedite the opening of free trade in green energy.

Four renewable energy companies in Thailand have announced the formation of a strategic alliance to jointly invest in waste-to-energy projects. They plan to construct a total of 12 power plants with a combined installed capacity of 96 MW.