Thailand is poised to establish itself as Southeast Asia's premier electric vehicle (EV) manufacturing hub by 2030, driven by a projected $6.5 billion commercial real estate market, as reported by JLL. This transformation is largely fueled by ambitious government initiatives, particularly the 30@30 policy, which aims to have 30% of the country's vehicle production be electric. The initiative, coupled with substantial foreign investments, is expected to significantly reshape the region's real estate landscape.

To achieve the goals set by the 30@30 policy, Thailand will need to develop extensive new manufacturing infrastructure, especially in battery production, which requires an estimated 34 GWh capacity. As of late 2023, Thailand had approximately 167,000 EVs on the roads, progressing towards its target of 440,000 by 2030.

Investment in research and development is essential for Thailand to maintain a competitive edge in the evolving EV sector. The government is offering subsidies to attract automakers, creating an environment conducive to innovation and growth. Furthermore, the country is focusing on establishing specialized real estate tailored for high-tech manufacturing. This strategic development will not only bolster EV production but also support interconnected industries, ensuring long-term sustainability and resilience in Thailand's industrial economy.