Thailand Plans EV Bus Fleet Overhaul Using Borrowed Funds
Thailand plans to replace its public transport buses with 2,320 electric vehicles by mid-2026, funded through 200 billion baht in emergency borrowing as part of a broader EV infrastructure overhaul.
Deputy Prime Minister Pipat Ratchakitprakarn revealed progress on a proposal to convert public transport buses from combustion engines to electric vehicles using 200 billion baht from emergency borrowing authority. He stated the plan has been discussed with Finance Minister Ekniti Nitithadprasat since the recent Persian Gulf tensions began.
Under the public transport system upgrade, Thailand expects to receive approximately 2,320 electric buses by mid-2026. Following delivery, all BMTA buses will be converted to the EV system. The plan also aims to transition intercity public transport buses to electric vehicles, potentially drawing additional funding from the emergency borrowing authority if details meet budget criteria.
While final budget figures have not yet been determined, officials anticipate submitting the proposal within this month. Transport Ministry officials have confirmed that if project specifications align with the emergency borrowing framework, the proposal will be formally submitted. The broader objective is to convert all public services—particularly in Bangkok—to electric vehicle systems.
