According to the content of the new FTA that will be implemented by the Thai-Chinese bilateral relations on January 1, 2018, Thailand will impose zero tariffs on electric vehicles imported from China (electric buses are not included in the tariff concessions), and this is also considered The key to the Japanese car's dominance of Japanese autos in the Thai auto market.
According to the newly-established new free trade agreement between Thailand and China that will be implemented on January 1, 2018, the number of zero-tariffs will be increased by 703, and the zero-tariff of electric vehicles is particularly concerned. Thai domestic players are worried that the full opening of the market will impact the development of the domestic electric vehicle market in Thailand, and the investment will be difficult to carry out. China has achieved great success in the development of the electric vehicle industry and has formed a complete and solid industrial chain.
After the introduction of Japanese cars into the Thai market, Thailand paid the price that the country has not yet had a world-renowned car brand. Thailand can only be used as its foundry. The electric vehicle industry was originally seen by the government as an opportunity to achieve zero breakthroughs in local auto brands. It may also become the foundry and consumer market in other countries because of the opening of the Chinese electric vehicle market.
From the perspective of consumers and users, opening up the electric vehicle market and implementing zero tariffs can enjoy more benefits in terms of price. However, the risk is that it may damage the ecological environment of electric vehicles in the country, which makes it difficult for local brands to obtain living space. At the same time, foreign electric vehicle manufacturers may delay or abandon plans to invest in the Thai market.
The traditional Thai automobile industry, which has long been proud of it, will also face new market competition pressure. It is undeniable that Japanese automakers will bear the brunt. In addition, the entry of a large number of cheap electric vehicles into the Thai market may also lead to greater traffic congestion. For the time being, the key supporting policies for electric vehicles have not yet been introduced, and the existing policies are obviously difficult to attract more enterprises to invest and participate.
In other words, although the government has opened up China's electric vehicle export market and implemented zero tariffs, from the implementation and specific operations, the incompleteness of the infrastructure of the subsequent charging piles will be difficult to influence the dominance of Japanese cars in the short term. The middle-class electric car wants to unify the Thai car market and replace the Japanese car's dominance. In addition to continuing to work hard on product performance and word of mouth, it should also establish a more friendly and harmonious relationship with the local consumers and nationals.
The Pakistani government has repeatedly mentioned in public the policy stance of accelerating investment and R&D in the country's electric vehicle market, and is bent on building Thailand into a Southeast Asian electric vehicle manufacturing export center. As a Japanese automaker, it must comply with the government's intention to adjust its strategy, accelerate investment in electric vehicle product lines, and reduce the commercial and investment risks brought by the New Deal.
The Thai Electric Vehicle Association recently revealed that the association will cooperate with the Institute of Electrical and Electronics Engineers (IEEE) to hold ITEC Asia-Pacific 2018, the 2018 Thailand Electric Motor Show, at the BITEC Convention and Exhibition Center in Thailand from June 6-9. In addition to the IEEE's first event and exhibition in Southeast Asia, the exhibition will attract nearly 300 electric vehicle investors from home and abroad to participate. The Thai Investment Promotion Board BOI confirmed the presence. In addition, this meeting will also arrange the business and investor matching activities to strengthen the cooperation and exchange between domestic and foreign companies in electric vehicles.
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