BYD became the bestselling electric vehicle brand in Thailand in 2023. It sold over 30,500 units, easily surpassing Neta and MG. The BYD Atto 3 (Yuan Plus) SUV became the local bestseller, delivering over 12,500 units.
The Thai government actively supports the growth of the EV sector, spurring it with subsidies. In 2023, it offered domestic consumers subsidies of 150,000 baht (4,300 USD) per EV. As a result, the EV market gained momentum in the kingdom, with 76,314 units sold in 2023, up Y-O-Y 684%. In 2024, the subsidy shrank to 100,000 baht (2,850 USD) per vehicle.
Currently, there are 99 BYD dealerships in Thailand. They sell three models: BYD Atto 3, BYD Dolphin, and BYD Seal. BYD plans to start EV manufacturing in Thailand later this year to strengthen its position in the local market.
The top 10 popular electric cars in Thailand (8 are Chinese):
- BYD Atto 3 – 19,214
- Neta V – 12,777
- BYD Dolphin – 9,410
- Ora Good Cat – 6,712
- Tesla Model Y – 5,881
- MG 4 – 4,833
- MG EP – 4,475
- Tesla Model 3 – 2,324
- BYD Seal – 1,810
- MG ZS EV – 1,753
