The Thaiger
Thailand’s EV boom makes cars easier to buy, harder to insure
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Thailand’s switch to electric vehicles (EVs) is moving fast, but insuring them is becoming more complex, according to the founder of Roojai Group. Higher repair bills, a shortage of independent repair garages and faster depreciation are changing how EV insurance in Thailand works.
Key facts
- Thailand’s EV market grew by 80% in 2025, passing 120,000 registrations
- Thailand’s 30@30 policy targets at least 30% of domestic vehicle production being electric by 2030.
- Thailand’s switch to electric vehicles (EVs) is moving fast, but insuring them is becoming more complex, according to the founder of Roojai Group
- Nicolas Faquet, CEO and founder of Roojai Group, says rising fuel prices, geopolitical uncertainty and changing consumer priorities are driving the shift
- Average repair costs are currently around 39.7% higher than for ICE vehicles
- The Bangkok International Motor Show 2026 recorded an all-time high of more than 132,951 vehicle bookings, driven largely by strong EV demand and growing consumer interest in value, technology and cost efficiency.
Summary
Nicolas Faquet, CEO and founder of Roojai Group, says rising fuel prices, geopolitical uncertainty and changing consumer priorities are driving the shift. What used to be a conversation about “range anxiety” has become something more immediate: fuel uncertainty.
As global oil volatility pushes up transport costs, more Thai consumers are turning to battery electric vehicles (BEVs) as a practical way to cut unpredictable long-term running costs. The change is already visible across the market.