Thailand's domestic car sales dropped in February due to the expiration of subsidies for electric vehicles.

According to data from the Federation of Thai Industries, the termination of government subsidies for electric car purchases has suppressed demand, causing a year-on-year decline in domestic car sales in Thailand in February, the first such decline in nearly a year. Surapong Paisitpattanapong, a spokesman for the Automotive Industry Group of the Federation of Thai Industries, stated at a press conference on Tuesday that last month's domestic car sales declined by 2.17% year-on-year to 48,242 units. Compiled data shows that this is the first time since March 2025 that car sales in Thailand have declined. Surapong stated that after the Thai government terminated subsidies for electric car purchases of up to 150,000 baht, demand for electric cars has significantly decreased. In February, electric car sales declined by 19% year-on-year to 6,168 units. He also mentioned that with the increase in fuel prices, demand for electric cars is expected to rebound in the coming months. Car production in February increased by 3.43% year-on-year to 117,952 units; car exports remained relatively stable at 81,195 units.