According to the Federation of Thai Industries (FTI) and the Department of Land Transport, Thailand's EV market continues to gain strong momentum. In the first half of 2025, registrations for battery electric vehicles (BEVs) reached 12,124 units, marking a 45.5% year-on-year growth, while plug-in hybrid vehicles (PHEVs) registrations surged by over 55%. The data highlights a clear consumer shift — EVs are fast becoming the mainstream choice for new car buyers. This shift is further supported by the Thai government, given their EV 3.5 program, which provides subsidies and excise tax reductions of up to 100,000 Baht per vehicle, the rapid expansion of the national charging infrastructure, and the long-term cost savings from energy and maintenance expenses of EV ownership — particularly for urban drivers who travel less than 300 kilometers per day.
Global insights further support this trend. A recent report by KPMG projects Thailand's EV market to grow at a compound annual growth rate (CAGR) of 17.7% through 2030, reaffirming that the transition toward clean-energy mobility is becoming a megatrend shaping the future of the Thai automotive industry. Over the past seven years, Krungsri Auto has been a key enabler of Thailand's transition to clean-energy vehicles, providing financing for 100% battery electric vehicles (BEVs), hybrids, and plug-in hybrids vehicles (PHEVs). Through its EV financing portfolio of over 75,400 vehicles, Krungsri Auto has helped reduce greenhouse gas emissions by approximately 113,100 tons of carbon dioxide equivalent (CO2eq) per year — equivalent to planting more than 11.3 million trees annually.
The calculation is based on a comparison with internal combustion engine (ICE) vehicles and complies with the Thailand Voluntary Emission Reduction Program (T-VER), the national standard for carbon absorption and offsetting.
Mr. Congsin Congcar, Head of Krungsri Auto Group, Bank of Ayudhya PCL, stated, "At Krungsri Auto, we believe environmental stewardship is a shared responsibility across all sectors, including automotive finance. Our goal is to drive Thailand toward a sustainable, low-carbon society. Over the past years, Krungsri Auto has acted as a market shaper in EV financing, offering comprehensive products and services — from loans and insurance to lifestyle solutions — supporting the growing EV ecosystem since 2019, with a key goal of promoting financial inclusion to make EV ownership more accessible for Thai consumers. This year also presents another compelling opportunity for purchasing an electric vehicle, thanks to rapid technological advancement, broader model choices, and lower operating costs. Krungsri Auto continues to enhance its offerings to meet the diverse needs of Thai consumers with EV financing solutions covering BEV, PHEV, and hybrid vehicles across 27 leading car brands, reinforcing our role as a pioneer in Green Financing and our mission of creating a better everyday life for automobile users."
To respond to Thailand's accelerating EV adoption and support easier access to electric vehicles, Krungsri Auto is rolling out a special year-end offer through the "Krungsri New Car" campaign.
Special Offer for Customers Purchasing EVs with "Krungsri New Car"
Individual customers applying for EV loans under the campaign will receive an EV Charging E-Voucher worth THB 500, subject to the following conditions:
- Apply for EV financing between September 1 - December 30, 2025
- Loan approval and vehicle delivery completed by February 28, 2026
- Complete the first three installments via Krungsri Auto direct debit
l Borrow when necessary and within your means l Fixed interest rate: 1.98% - 5.25% (Equivalent effective interest rates: From minimum 3.81% to maximum 9.80% per year)
l All terms and conditions are at the discretion of the lender.