Energy

Thai firm branches into EVs from renewable energy

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Many people expect electric vehicles to be fixtures in a future world that relies on renewable energy. But not many EV companies started out as renewable energy companies.

One company trying to pull off that feat is Bangkok-based Energy Absolute. The biodiesel producer and renewable energy company branched into the commercial EV business in 2019.

In March of this year, Thailand set a goal of 1 million electric vehicles on its roads by 2025 — and it hopes that figure will grow to 15 million a decade later. That would include not just private automobiles but commercial vehicles — delivery vans, trucks, buses and the like.

A former securities trader, Somphote Ahunai, started Energy…



Source cnbc.com

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