The Industry Ministry expects annual eco-car production to surge by nearly 60% to 935,000 units within five years as the second phase attracts investment for the small vehicles.
The first phase, which was launched in 2007, attracted investment of 28.8 billion baht. Mitsubishi, Honda, Toyota, Nissan and Suzuki joined the first phase, with combined annual capacity of 585,000 vehicles.
Udom Wongviwatchai, secretary-general of the Board of Investment (BoI), said several more car makers are expected to join the second phase of the scheme with investment of 30-40 billion baht.
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