Thailand’s PTT Strikes Electric Car Deal With 6 Automakers

There’s a deal being inked out between the nation’s largest energy provider, PTT Pcl, and at least six major automakers.

As Reuters reports:

“PTT Pcl…signed contracts with six major automakers for cooperation in developing electric cars, opening the first in a series of electric vehicle charging stations associated with the project.”

The involved automaker include the Thailand units of BMW, Mercedes-Benz, Mitsubishi, Nissan, Porsche and Volvo.

Reuters adds:

“State-controlled PTT will be responsible for building a network of 20 charging stations under the accord, while the automakers pledged to develop electric vehicles (EV) and boost awareness and confidence in the Thai market, according to a joint statement.”

This deal is in line with the government’s recent policy changes that focus on the promotion of electric cars. The government’s goals call for 1.2 million electric cars on roads in Thailand by 2036. As of right now, only some 68,000 plug-in electric cars are registered in Thailand.

Source: Reuters

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