About the Thai automotive market:

• Thailand is Southeast Asia's largest vehicle producer and second-largest car market, producing over 1.8 million cars and commercial vehicles in 2023.

• The country stands at the forefront of the ASEAN EV market and has had significant EV adoption rates across numerous vehicle segments.

• As of September 2024, four-wheel battery electric vehicles make up 13% of the market share, driven by the wider availability of models and supportive government initiatives.

• In September 2024, the UK and Thailand entered into an Enhanced Trade Partnership designed to boost trade and investment with Thailand. This pact will help create opportunities for UK businesses in the country, which is the second-largest economy in Southeast Asia.

With the Society of Motor Manufacturers and Traders (SMMT) organising the UK Pavilion for the third year at Future Mobility Asia in Bangkok in May 2025, SMMT wanted to shine the spotlight on this rapidly developing market and the opportunities available for British companies looking to explore Thailand and the wider ASEAN region. SMMT will be joined by the British Embassy Bangkok and YCP Solidiance, who have collaborated with SMMT on its latest report focusing on Thailand's automotive landscape and opportunities.