In May 2023, Thailand witnessed 45,287 new car registrations, of which 5,559 were electric vehicles (EVs). EVs accounted for 12.3% of the market. But last year, that proportion was less than 2%.
Regarding specific EV brands, the top five best-selling brands in Thailand are BYD, Tesla, MG, Neta, and ORA. BYD secured the leading position with 2,027 vehicles sold, followed by Tesla with 1,072 vehicles, MG with 1,017 cars, Neta with 686 vehicles, and ORA with 430 vehicles. BYD has maintained its position as the sales champion for six consecutive months since December 2022.
Looking at the specific EV models, the top five best-selling EVs in Thailand are the BYD ATTO 3 with 2,025 sales, Tesla Model Y with 840 sales, Neta V with 686 sales, ORA Good Cat with 430 sales, and MG 4 EV with 407 sales.
Thailand has witnessed a consistent increase in EV sales in recent years. In 2020, the country sold 1,056 EVs, followed by 1,935 EVs in 2021. In 2022, the number of EVs sold in Thailand rose significantly to 9,729. From January to May 2023 alone, Thailand has already sold 24,106 EVs, more than doubling the figures from the previous year.
BYD, a prominent EV manufacturer, has made significant strides in the Thai market. The company recently introduced the BYD Dolphin, which is expected to be delivered to the Thai market in the near future. This new offering is likely to contribute to the further growth of EV sales in Thailand.
In addition to domestic sales, BYD has also experienced a substantial increase in EV exports. In May 2023, BYD exported 10,213 EVs, marking a remarkable 23-fold increase compared to the same period in 2022. The primary export models include 5,338 units of the ATTO 3, 2,250 units of the Song Plus, and 1,598 units of the Dolphin.
Source: Autolifethailand; Yiche
