Thailand sees increase in services related to electric car development
Thailand’s PTT Oil and Retail Business (PTTOR) has planned to launch thousands of coffee shops at home and abroad, along with other non-oil businesses, as global auto and fuel players gear up for a near future dominated by electric car growth.
Hanoi (VNA) – Thailand’s PTT Oil and RetailBusiness (PTTOR) has planned to launch thousands of coffee shops at home andabroad, along with other non-oil businesses, as global auto and fuel playersgear up for a near future dominated by electric car growth.
PTTOR's plan to invest 74 billion baht (2.39 billion USD)over five years to expand will be heavily skewed toward non-oil operations,which last year carried an operating profit margin of nearly 20 percent.
"Charging EVs takes about 20 minutes, while you waityou can have a meal, buy things in the service station," PTTOR leader was quotedby Reuters as saying.
The firm aims to to expand that to 5,200 in the next fiveyears.
PTTOR’s network now stands at 2,000 gas stations acrossThailand: it plans to add another 500 by 2025, and to rapidly ramp up thenumber that are equipped with EV charging points, to 300 by 2022 from just 30currently. That surge will come as the Thai government seeks to implement plansto have 1.05 million EVs on the road by 2025, up from current levels of about200,000./.
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