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Big business in Thailand bets on government's lofty EV goals

Drive to be ASEAN's electric car hub spurs charging station investment

Chinese carmakers, such as SAIC Motor, have moved more aggressively into Thailand's EV market in recent years. (Photo by Yohei Muramatsu)

BANGKOK -- Big companies in Thailand are investing heavily to foster the takeup of electric cars in response to government's goal of turning the country into Southeast Asia's EVs hub within the next decade.

The world is going green and Thailand is jumping on the bandwagon. The National Electric Vehicle Policy Committee recently revealed that it is considering a new EV production target that would see EVs account for half of Thailand's auto manufacturing by 2030. The country is expected to be making 1 million EVs a year by then.

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