Poll shows fuel cost the main reason behind Thais preferring EVs

THURSDAY, JANUARY 18, 2024
Poll shows fuel cost the main reason behind Thais preferring EVs

The lower cost of fuel/electricity is the main reason that Thai vehicle users are making a switch from internal combustion engine (ICE) to electric vehicles (EV), according to a recent poll.

The poll conducted by the National Institute of Development Administration (NIDA) and EV-maker Great Wall Motor surveyed 1,000 vehicle users in Thailand aged 30-60 — 200 of them own an EV and 800 still had an ICE counterpart.

Around 34.1% of those who switched to an EV said the reason was that electricity was cheaper, while 18.9% said EV was better for the environment.

The poll found that 81.3% of drivers of fossil fuel vehicles were interested in switching to an EV in the future, with the top reasons being: cheaper fuel cost (89.4%), better for the environment (72.3%), and having modern technology (49.9%).

When asked what kind of EV they were interested in: 64.8% said battery EV; 22.2% said hybrid EV; and 13% said plug-in hybrid EV.

Poll shows fuel cost the main reason behind Thais preferring EVs

As for the type of EV that respondents were interested in, sedan EV topped the list (63.6%), followed by sport utility vehicles (27.8%), pickup trucks (5.1%) and pickup passenger vehicles (3.5%).

Most future EV buyers said they plan to buy an EV in the next 3-4 years with a budget of 700,000 to 900,000 baht. Around 83.1% of this group said they were eyeing a Chinese brand EV.

Among those who were still not convinced about switching to EV, the poll found that the main reasons were: concerns about safety (66%), limited availability of charging stations (50.7%), and long changing time (40%).

Thailand Web Stat