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Thailand’s EV industry growing rapidly

Green Car Congress

According to the Electric Vehicle Association of Thailand, the number of companies that are part of Thailand’s electric vehicle industry has risen significantly since 2015, from 76 to 420 in 2019. The ASEAN member states are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

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UN: world population is expected to reach 9.7 billion in 2050 and could peak at nearly 11 billion around 2100

Green Car Congress

In most of sub-Saharan Africa, and in parts of Asia and Latin America and the Caribbean, recent reductions in fertility have caused the population at working ages (25-64 years) to grow faster than at other ages, creating an opportunity for accelerated economic growth thanks to a favorable population age distribution. (A fertility level of 2.1

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