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Thai Energy Giant, Carmakers Partner to Develop EV Market
PTT Plc, Thailand’s state-owned oil and gas company, has signed a deal with six carmakers in the country to help develop a domestic market for electric vehicles, the Bangkok Post reports.
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PTT Plc, Thailand’s state-owned oil and gas company, has signed a deal with six carmakers in the country to help develop a domestic market for electric vehicles, the Bangkok Post reports.
Under the agreement, PPT will open 20 EV charging stations by 2017. The carmakers— BMW, Daimler, Mitsubishi Motors, Nissan, Porsche and Volvo—will help create local demand for EVs. The country currently has 68,000 electric or hybrid vehicles in use, according to its energy minister.
Thailand has set an ambitious goal to put 1.2 million electrified vehicles on the road by 2035. The Post says such models accounted for only 1% of car sales in the country last year.
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