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FDI: Thailand Bets On An EV Future

BOI secretary general says there is now more focus on ease of doing business and R&D;

Narit Therdsteerasukdi, secretary general of the Thailand Board of Investment


Thailand has its sights set firmly on a greener, more digitalised future. In a country that produces more cars and commercial vehicles than any other in southeast Asia, according to the International Organization of Motor Vehicle Manufacturers, this vision extends to its automotive sector. In October 2022, the government unveiled its five-year investment strategy in which it identifies new sectors to target and fresh means of attracting investors.


Narit Therdsteerasukdi, secretary general of the Thailand Board of Investment (BOI) explains to fDi why the key tenets of this strategy are non-tax incentives, electric vehicles (EV) and research and development (R&D).

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