The Thailand Automotive Institute (TAI) expects the domestic electric vehicle (EV) industry to drive 3.53% growth in auto production this year to 1.95 million units. About 900,000 units will be sold domestically and 1.05 million will be exported. TAI’s projection comes after 625,423 vehicles rolled off Thai production lines from January-April, up 5% from the same period last year. However, domestic sales shrank 6% to 276,603 units due to a tightening of loan approvals amid rising household debt and high interest rates. Bucking the trend were electric vehicles (EV), with registration soaring 1,206% to 19,347 units compared with the same period last year. (ICE BANGKOK)

Fonte notizia: The Nation