Reference
·Primary source
BEV share of Thailand new passenger car sales
~13-15% (2024)
Battery electric vehicles climbed from a negligible share in 2021 to roughly 13-15% of new passenger car registrations in 2024, per Department of Land Transport (DLT) registration data and FTI tracking. The acceleration was driven by the BOI EV3.0 incentive package (2022-2023) and the EV3.5 successor (2024-2027), which subsidise import duty and excise tax in exchange for local production commitments. BYD, MG (SAIC), GWM (Great Wall Motors), Neta, and Tesla led the BEV mix in 2024. Hybrid (HEV) penetration is materially higher.
Figure in context
Battery electric vehicles climbed from a negligible share in 2021 to roughly 13-15% of new passenger car registrations in 2024, per Department of Land Transport (DLT) registration data and FTI tracking. The acceleration was driven by the BOI EV3.0 incentive package (2022-2023) and the EV3.5 successor (2024-2027), which subsidise import duty and excise tax in exchange for local production commitments. BYD, MG (SAIC), GWM (Great Wall Motors), Neta, and Tesla led the BEV mix in 2024. Hybrid (HEV) penetration is materially higher.
Interpretation notes
What this tells you
Battery electric vehicles climbed from a negligible share in 2021 to roughly 13-15% of new passenger car registrations in 2024, per Department of Land Transport (DLT) registration data and FTI tracking. The acceleration was driven by the BOI EV3.0 incentive package (2022-2023) and the EV3.5 successor (2024-2027), which subsidise import duty and excise tax in exchange for local production commitments. BYD, MG (SAIC), GWM (Great Wall Motors), Neta, and Tesla led the BEV mix in 2024. Hybrid (HEV) penetration is materially higher.
What not to do with it
Values in percent of new passenger car registrations. 2025 H1 share is tracking flat to modestly down as inventory pricing wars compress.
Related figures
Adjacent numbers that add context without drowning the value.
2024 vehicle production
Federation of Thai Industries Automotive Industry Club
2024 BEV share of new passenger-car registrations
Department of Land Transport, Thailand Automotive Institute, IEA Global EV Outlook 2025
BOI EV3.5 consumer subsidy
Thailand Board of Investment, Excise Department
HS 87 export value
UN Comtrade, Thai Customs Department
BYD Thailand BEV capacity
BYD disclosures, BOI quarterly applications, EEC Office
Toyota Thailand production
Toyota Motor Thailand, FTI production release
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.