Picture courtesy of Wichan Charoenkiatpakul
Thai auto parts manufacturers for internal combustion engine (ICE) vehicles face significant disruption due to the rising popularity of electric vehicles (EVs), according to Tru Automotive, a supplier of auto parts under the TRW brand.
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Thai auto parts manufacturers for internal combustion engine (ICE) vehicles face significant disruption due to the rising popularity of electric vehicles (EVs), according to Tru Automotive, a supplier of auto parts under the TRW brand.
Pornsak Ariyapongpairoj, Managing Director of Tru Automotive, stated that sales of parts for ICE cars are expected to decline as EV makers do not use them. This downturn will push parts manufacturers to seek new markets in countries where ICE vehicles remain prevalent and governments are not aggressively promoting EVs, said Pornsak.
“The Thai government is promoting EV usage under the 30@30 scheme, aiming to support the global campaign for net-zero targets.”
The 30@30 policy aims for EVs to represent at least 30% of Thailand’s total motor vehicle production by 2030. This includes the production of…