DOING BUNIESS IN THAILAND
May 2024
Thailand, covering 514,000 square kilometers in South East Asia, boasts diverse geographical features such as the central plain dominated by the Chao Phraya River. Bordered by Myanmar, Laos, Cambodia, and Malaysia, the country is divided into four regions. Bangkok, the sprawling capital with, as of 2023, approximately 11.5 million people, serves as the commercial and industrial nucleus, situated along the Chao Phraya River. Other major cities like Chiang Mai, Nakhon Ratchasima, and Hat Yai contribute to the country's economic landscape. With about 75% of the population residing in rural areas, individuals continue to migrate to urban centers, driven by the nation's status as a newly industrialized country, fueled by a burgeoning industrial sector and economic growth.
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The Energy Regulatory Commission (ERC) announced a new regulation on September 20, 2024, titled "Regulation of the Energy Regulatory Commission on Procuring Electricity from Renewable Energy in the form of Feed-in Tariff (FiT) for the years 2022-2030 for groups without fuel costs, 2022 (additional)”. | October 2024
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Thailand is positioning itself as a notable player in Southeast Asia’s electric vehicle (EV) market, offering both opportunities and challenges for businesses evaluating expansion. With supportive government policies, strategic regional advantages, and a commitment to EV development, Thailand is shaping its role in the evolving landscape.
| January 2025
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