ส.อ.ท. ชี้ยอดขายรถหด สวนทาง EV โตแรง จับตาสงครามดันเทรนด์ไฟฟ้าFTI Reports Declining Vehicle Sales Contrasting with Strong EV Growth, Monitoring Electric Vehicle Trends

On Tuesday, March 24, 2026, Mr. Surapong Paisitpatranapong, advisor to the Chairman of the Automotive Industry Group and spokesperson for the Automotive Industry Group of the Federation of Thai Industries (FTI), disclosed the production, domestic sales, and export figures for automobiles and motorcycles in February 2026. The total number of vehicles produced was 117,952 units, a decrease of 0.37% from January 2026, but an increase of 3.43% from February 2025. This increase was attributed to a 22.83% rise in passenger car production for export and a 55.98% rise in pickup truck production for domestic sale.

In February 2026, domestic car sales amounted to 48,242 units, a 34.75% decrease from January 2026 and a 2.17% decrease from February 2025. This decline was largely due to an 18.56% drop in electric vehicle sales compared to the same month in the previous year, following the conclusion of the EV 3.0 project, along with decreased sales of pickup trucks and combustion engine cars due to stricter lending practices from financial institutions.

Production
The total number of vehicles produced in February 2026 was 117,952 units, a decrease of 0.37% from January 2026, but an increase of 3.43% from February 2025. This increase was due to a 22.83% rise in passenger car production for export and a 55.98% rise in pickup truck production for domestic sale.

From January to February 2026, a total of 236,338 vehicles were produced, an increase of 6.87% compared to January to February 2025.
In February 2026, 34,951 passenger cars were produced, a decrease of 8.47% from February 2025, broken down as follows:
• Internal Combustion Engine cars: 15,396 units, a decrease of 3.79% from February 2025.
• Battery Electric Vehicles: 3,846 units, an increase of 71.54% from February 2025.
• Plug-in Hybrid Electric Vehicles: 770 units, a decrease of 65.42% from February 2025.
• Hybrid Electric Vehicles: 14,939 units, a decrease of 15.67% from February 2025.
The total production of passenger cars from January to February 2026 was 76,486 units, accounting for 32.36% of total production, an increase of 3.50% from January to February 2025, broken down as follows:
• Internal Combustion Engine cars: 34,171 units, an increase of 6.87% from January to February 2025.
• Battery Electric Vehicles: 5,533 units, an increase of 41.62% from January to February 2025.
• Plug-in Hybrid Electric Vehicles: 2,495 units, a decrease of 43.19% from January to February 2025.
• Hybrid Electric Vehicles: 34,287 units, an increase of 1.96% from January to February 2025. Vehicles less than 10 tons and more than 10 tons were not produced in February 2026, and there was no production from January to February 2026.

In February 2026, a total of 83,001 trucks were produced, an increase of 9.42% from February 2025. From January to February 2026, a total of 159,852 trucks were produced, an increase of 8.56% from January to February 2025.
For 1-ton pickup trucks, 81,545 units were produced in February 2026, an increase of 8.80% from February 2025. From January to February 2026, a total of 157,013 units were produced, accounting for 66.44% of total production, an increase of 7.87% from January to February 2025, broken down as follows:

• Standard pickups: 23,653 units, a decrease of 20.44% from January to February 2025.
• Double cab pickups: 102,833 units, an increase of 19.06% from January to February 2025.
• Double cab BEV pickups: 889 units, an increase of 100% from January to February 2025.
• PPV pickups: 29,638 units, an increase of 0.62% from January to February 2025.

For trucks less than 5 tons and more than 10 tons, production in February 2026 was 1,456 units, an increase of 60.53% from February 2025. From January to February 2026, total production was 2,839 units, an increase of 67.79% from January to February 2025.

Production for Export
In February 2026, 81,006 vehicles were produced for export, accounting for 68.68% of total production, an increase of 4.59% from February 2025. From January to February 2026, 160,692 units were produced for export, accounting for 67.99% of total production, an increase of 5.37% from the same period in 2025.
For passenger vehicles, 16,458 units were produced for export in February 2026, an increase of 22.83% from February 2025. From January to February 2026, a total of 36,909 units were produced for export, accounting for 48.26% of total passenger vehicle production, an increase of 34.94% from January to February 2025.
For 1-ton pickups, 64,548 units were produced for export in February 2026, an increase of 0.77% from February 2025. From January to February 2026, a total of 123,783 units were produced for export, accounting for 78.84% of total pickup production, a decrease of 1.09% from January to February 2025, broken down as follows:

• Standard pickups: 12,468 units, a decrease of 38.66% from January to February 2025.
• Double cab pickups: 90,030 units, an increase of 12.82% from January to February 2025.
• PPV pickups: 21,285 units, a decrease of 14.92% from January to February 2025.

Domestic Sales Production
In February 2026, a total of 36,946 vehicles were produced for domestic sale, accounting for 31.32% of total production, an increase of 0.97% from February 2025. From January to February 2026, a total of 75,646 vehicles were produced for domestic sale, accounting for 32.01% of total production, an increase of 10.19% from January to February 2025.
For passenger vehicles, 18,493 units were produced for domestic sale in February 2026, a decrease of 25.40% from February 2025. From January to February 2026, 39,577 units were produced for domestic sale, accounting for 51.74% of total passenger vehicle production, a decrease of 14.98% compared to January to February 2025.
For 1-ton pickups, 16,997 units were produced for domestic sale in February 2026, an increase of 55.98% from February 2025. From January to February 2026, a total of 33,230 units were produced for domestic sale, accounting for 21.16% of total pickup production, an increase of 62.80% from January to February 2025, broken down as follows:

• Standard pickups: 11,185 units, an increase of 18.93% from January to February 2025.
• Double cab pickups: 13,692 units, an increase of 108.47% from January to February 2025.
• PPV pickups: 8,353 units, an increase of 88.22% from January to February 2025.

Vehicles less than 10 tons and more than 10 tons were not produced in February 2026, and there was no production from January to February 2026.
For trucks less than 5 tons and more than 10 tons, production in February 2026 was 1,456 units, an increase of 60.53% from February 2025. From January to February 2026, a total of 2,839 units were produced, an increase of 67.79% from January to February 2025.

Motorcycles
In February 2026, a total of 183,794 motorcycles were produced, a decrease of 15.16% from February 2025, broken down into complete built units (CBU) of 143,640 units, a decrease of 15.34% from 2025, and motorcycle parts (CKD) of 40,154 units, a decrease of 14.50% from 2025.
The total motorcycle production from January to February 2026 amounted to 394,653 units, a decrease of 8.37% from 2025, with complete built units at 310,034 units, a decrease of 10.27% from 2025, and motorcycle parts at 84,619 units, a decrease of 0.65% from 2025.

Sales
In February 2026, domestic car sales totaled 48,242 units, a decrease of 34.75% from January 2026 and a decrease of 2.17% from February 2025. The decline is attributed to an 18.56% drop in electric vehicle sales compared to the same month in the previous year, following the conclusion of the EV 3.0 program, along with reduced sales of pickup trucks and combustion engine passenger cars due to tighter lending standards from financial institutions amid low economic growth, weak purchasing power, and uncertainties regarding the new government's policies. Ongoing conflicts involving the United States, Israel, and Iran have raised concerns regarding exports of automobiles, motorcycles, and automotive parts, further exacerbated by rising energy prices leading to inflation in Thailand and globally, which could impact an already weak purchasing power. Analysts project Thai economic growth of around 1.2%, which may affect domestic sales of automobiles and motorcycles.
Passenger cars and patrol vehicles accounted for 28,635 units, or 59.36% of total sales, a decrease of 6.84% from the same month last year.
• Internal Combustion Engine passenger cars and patrol vehicles: 9,330 units, or 19.34% of total sales, down from 20.24% yoy.
• Battery Electric passenger cars and patrol vehicles: 6,168 units, or 12.79% of total sales, down from 18.56% yoy.
• Plug-in Hybrid Electric passenger cars and patrol vehicles: 352 units, or 0.73% of total sales, a decline of 55.33% yoy.
• Range-Extended Electric Vehicle passenger cars and patrol vehicles: 79 units, or 0.16% of total sales, an increase of 100% yoy.
• Hybrid Electric passenger cars and patrol vehicles: 12,706 units, or 26.34% of total sales, an increase of 18.98% yoy.
Pickup trucks totaled 12,998 units, a decrease of 1.41% compared to the same month last year. BEV pickup trucks amounted to 94, representing a 168.57% increase yoy. REEV pickups were not available. HEV pickups totaled 5 units, up 100% yoy. PPV sales amounted to 4,277 units, a 43.76% increase yoy. Trucks in the 5-10 ton category totaled 1,282 units, up 12.95% yoy. BEV trucks in this category totaled 12, with a 100% increase yoy. Other vehicle sales amounted to 939 units, down 24.64% yoy. Motorcycle sales totaled 150,801 units, down 2.16% from January 2026, but up 2.19% from February 2025.

From January to February 2026, total car sales reached 122,218 units, an increase of 25.49% compared to 2025, broken down as follows:
Passenger cars and patrol vehicles totaled 84,635 units, comprising 69.25% of total sales, an increase of 38.11% from the same month last year.
• Internal Combustion Engine passenger cars and patrol vehicles: 19,840 units, or 16.23% of total sales, a decrease from the same month last year at 16.08%.
• Battery Electric passenger cars and patrol vehicles: 38,067 units, or 31.15% of total sales, an increase from 160.79% yoy.
• Plug-in Hybrid Electric passenger cars and patrol vehicles: 1,251 units, or 1.02% of total sales, a decline of 28.64% yoy.
• Range-Extended Electric Vehicle passenger cars and patrol vehicles: 142 units, or 0.12% of total sales, an increase of 100% yoy.
• Hybrid Electric passenger cars and patrol vehicles: 25,335 units, or 20.73% of passenger car and patrol vehicle sales, an increase of 18.99% yoy.
Pickup trucks totaled 24,502 units, a decrease of 3.69% from the same month last year. BEV pickups totaled 173, marking a 343.69% increase yoy. REEV pickups were not available. HEV pickups totaled 8, a 100% increase yoy. PPV pickups totaled 8,409 units, up 37.13% yoy. Trucks in the 5-10 ton category totaled 2,466 units, marking a 16.59% yoy increase. BEV trucks in this category totaled 14, reflecting a 100% increase yoy. Other types of vehicles totaled 2,011 units, down 15.61% compared to the same month last year. Motorcycle sales reached 304,925 units, indicating a 0.33% increase from January to February 2025.

Exports
Complete Built Units (CBU) of automobiles in February 2026 totaled 81,195 units, reflecting a 39.02% increase from the previous month, yet a 0.05% decrease from February 2025, with a slight decline of just 41 units. The Asian market experienced a decline, while the Australian, Oceanian, European, and Middle Eastern markets continued to grow due to relative stability in those regions, although vehicles exported to the Strait of Hormuz faced navigation challenges, requiring transshipment in India and Singapore. The Middle East remains the third-largest market for automobile exports, constituting a primary export commodity in most Middle Eastern nations, necessitating close monitoring of conflict resolution timelines. In 2025, the automotive industry in Thailand exported 200,001 vehicles to the Middle East, marking a 0.61% increase from 2024, accounting for 21.17% of a total of 935,750 units exported, valued over 120 billion THB, with the bulk comprising of 114,644 pickup trucks, 61,958 passenger cars, and 23,359 PPV vehicles.

Moreover, exports have increased in the African market, North American market, Central American market, and South American market. Vehicle exports in February 2026 are detailed as follows:

• Pickup trucks: 51,472 units, comprising 63.39% of total exports, a 1.99% decline from 2025.
• BEV pickups: 52 units, accounting for 0.06% of total exports; there were no BEV pickups exported in 2025.
• ICE passenger cars: 10,738 units, representing 13.22% of total exports, down 2.67% from 2025.
• BEV passenger cars: 907 units, accounting for 1.12% of total exports; there were no BEV passenger cars exported in 2025.
• PHEV passenger cars: 41 units, representing 0.05% of total exports; there were no PHEV passenger cars exported in 2025.
• HEV passenger cars: 7,508 units, accounting for 9.25% of total exports, an increase of 51.92% from 2025.
• PPV vehicles: 10,477 units, representing 12.90% of total exports, down 17.78% from 2025. The total value of vehicle exports was 53,363.33 million THB, reflecting a 6.17% decline from February 2025. Exports of engines and parts also saw reductions as follows:
• Engines were valued at 2,986.30 million THB, an increase of 10.80% from February 2025.
• Other automotive parts reached a value of 14,327.53 million THB, down 11.71% from February 2025.
• Spare parts were valued at 1,949.78 million THB, reflecting a 12.22% decline from February 2025.
Total value of vehicle exports in February 2026, including engines, automotive parts, and spare parts, amounted to 72,626.94 million THB, a decrease of 6.91% from February 2025.

Motorcycles
In February 2026, a total of 72,588 motorcycles (including CBU + CKD) were exported, representing an 8.21% decrease from January 2026 and a 6.04% decrease from February 2025, with a value of 5,086.36 million THB, reflecting a 9.47% increase from February 2025.

• Motorcycle parts exported totaled 176.97 million THB, a 17.85% increase from February 2025.
• Spare motorcycle parts reached a total export value of 265.07 million THB, which is a 12.44% increase from February 2025.

The total value of motorcycle exports in February 2026, including parts and accessories, reached 5,528.40 million THB, marking a 9.86% increase from February 2025.

In February 2026, the combined export value of complete automobiles, engines, other parts, spare parts, motorcycles, and their components totaled 78,155.34 million THB, a decrease of 5.90% from 2025.

Complete Built Units (CBU) of automobiles
From January to February 2026, 139,600 complete built units were exported, down 2.76% from the same period in the prior year, broken down as follows:
• Pickup trucks: 87,950 units, comprising 63% of total exports, down 3.36% from 2025.
• BEV pickups: 111 units, accounting for 0.08% of total exports; no BEV pickups were exported in 2025.
• ICE passenger cars: 17,508 units, representing 12.54% of total exports, a decrease of 27.61% from 2025.
• BEV passenger cars: 2,172 units, corresponding to 1.56% of total exports; no BEV passenger cars were exported in 2025.
• PHEV passenger cars: 41 units, making up 0.03% of total exports; no PHEV passenger cars were exported in 2025.
• HEV passenger cars: 14,219 units, constituting 10.19% of total exports, an increase of 91.66% from 2025.
• PPV vehicles: 17,599 units, comprising 12.61% of total exports, a decrease of 15.98% from 2025. The total value of automobile exports was 92,455.91 million THB, a decline of 5.96% from January to February 2025, with the following breakdown:
• Engines were valued at 5,855.33 million THB, an increase of 4.38% from January to February 2025.
• Other automotive parts were valued at 28,797.66 million THB, down 7.78% from January to February 2025.
• Spare parts amounted to 3,736.07 million THB, representing a decrease of 15.18% from January to February 2025.
The total value of automobile exports from January to February 2026, including engines, parts, and spare parts, reached 130,844.97 million THB, a decrease of 6.25% from January to February 2025.

Motorcycles
From January to February 2026, motorcycle exports totaled 151,666 units (CBU + CKD), an increase of 1.01% from 2025, with a value of 10,438.11 million THB, reflecting a decrease of 3.30% from 2025.
• Motorcycle parts exported reached 348.86 million THB, an increase of 6.45% from 2025.
• Spare motorcycle parts were valued at 491.33 million THB, marking a 12.20% increase from 2025.
The total value of motorcycle exports in January to February 2026, including parts and accessories, amounted to 11,278.30 million THB, a decrease of 2.43% from January to February 2025.

From January to February 2026, the combined value of exports for complete automobiles, engines, other parts, spare parts, motorcycles, and their components totaled 142,123.27 million THB, marking a decrease of 5.95% from 2025. Data on registered vehicles using various fuel types in February 2026 (solely registered vehicles).

In February 2026, there were 41,491 vehicles registered across various fuel types, broken down as follows:
• Electric vehicles (BEV): 4,767 units, accounting for 11.49%.
• Gasoline vehicles: 9,445 units, accounting for 22.76%.
• Diesel vehicles: 11,692 units, accounting for 28.18%.
• Hybrid Electric vehicles (HEV): 14,566 units, accounting for 35.11%.
• Plug-in Hybrid Electric vehicles (PHEV): 1,021 units, accounting for 2.46%.

New registrations for electric vehicles in February 2026
In February 2026, 5,744 electric vehicles (BEV) were newly registered, a 22.12% reduction from the previous year, broken down as follows:
• Passenger and utility vehicles totaled 4,805, down 6.90% from February 2025:
  o Passenger cars: 4,776 units.
  o Utility trucks under 7 persons: 27 units.
  o Business service vehicles: 1 unit.
  o Sightseeing vehicles: 1 unit.
• Pickup trucks and vans totaled 25, down 21.88% yoy.
• Motorcycles totaled 868 units, a staggering 59.44% decrease from February 2025, all of which were personal motorcycles.
• Three-wheeler vehicles accounted for 5 units, a 150% increase compared to February 2025, of which 3 were electronic-rickshaws.
• Buses totaled 16 units, doubling the figure from the previous year.
• Trucks accounted for 25 units, down 21.88% from February 2025.

From January to February 2026, new registrations for electric vehicles (BEV) totaled 51,412 units, representing a 52.74% increase from the same period last year, broken down as follows:
• Passenger vehicles totaled 46,941 units, reflecting a 167.35% increase from January to February 2025:
  o Passenger cars: 45,219 units.
  o Utility trucks under 7 persons: 1,701 units.
  o Business service vehicles: 11 units.
  o Sightseeing vehicles: 10 units.
• Pickup trucks and vans totaled 98 units, a 53.13% increase from January to February 2025.
• Three-wheeler vehicles totaled 12 units, a 500% increase from January to February 2025, with all being personal electronic-rickshaws.
• Motorcycles totaled 4,247 units, a 3.54% decrease from January to February 2025.
  o Personal motorcycles: 4,247 units.
• Buses totaled 19 units, a 90% increase from January to February 2025.
  o Trucks: 95 units, a 93.88% increase from January to February 2025.

New Registrations for Hybrid Electric Vehicles (HEV) in February 2026
In February 2026, 14,641 newly registered HEVs were recorded, up 21.50% from February 2025, with the following breakdown:
• Passenger vehicles and utility vehicles totaled 14,572, marking a 21.46% increase from February 2025:
  o Passenger cars: 14,566 units.
  o Utility trucks under 7 persons: 1 unit.
  o Business service vehicles: 2 units.
  o Sightseeing vehicles: 3 units.
• Motorcycles totaled 69 units, reflecting a 30.19% increase from January to February 2025, all being personal motorcycles.

From January to February 2026, the total new registrations for HEVs reached 31,865 units, exhibiting a 24.50% increase compared to the same period in the previous year, with the following breakdown:
• Passenger vehicles and utility vehicles totaled 31,749, marking a 24.68% increase from January to February 2025:
  o Passenger cars: 31,730 units.
  o Utility trucks under 7 persons: 3 units.
  o Business service vehicles: 7 units.
  o Sightseeing vehicles: 9 units.
• Motorcycles totaled 116 units, a decrease of 11.45% from January to February 2025, all of which were personal motorcycles.

New Registrations for Plug-in Hybrid Electric Vehicles (PHEV) in February 2026
In February 2026, new registrations for PHEVs reached 1,021 units, a slight 0.10% increase from February 2025, all having been passenger vehicles.

From January to February 2026, the total new registrations for PHEVs amounted to 2,996 units, reflecting a notable 43.08% increase from the same period in the previous year, with all being designated as passenger vehicles.

Accumulated registrations for BEVs as of February 28, 2026
As of February 28, 2026, the accumulated registrations for BEVs totaled 423,615 units, an increase of 69.90% year-on-year, categorized as follows:

• Passenger vehicles and utility vehicles totaled 327,376, marking an 85.22% increase from the same period in 2025:
  o Passenger cars: 317,327 units, up 83.12% from the same period last year.
  o Utility trucks under 7 persons: 7,499 units, up 186.88% from last year.
  o Business service vehicles: 252 units, up 183.15% from last year.
  o Sightseeing vehicles: 309 units, up 80.70% from last year.
  o Rental vehicles: 6 units, up 100% from last year.
  o E-hailing operating vehicles: 1,983 units, up 243.08% from last year.
• Pickup trucks and vans totaled 1,637, reflecting a 75.46% increase from last year.
• Three-wheeler vehicles numbered 1,051, a 3.04% increase from the same period last year:
  o Personal three-wheelers: 141 units, up 23.68% from last year.
  o E-hailing three-wheelers: 910 units, up 0.44% from last year.
• Motorcycles totaled 89,301, up 33.50% from the same period last year:
  o Personal motorcycles: 89,163 units, up 33.53% from last year.
  o Public motorcycles: 138 units, down 17.95% from last year.
• Other vehicles:
  o Buses totaled 2,901 units, up 3.64% from last year.
  o Trucks totaled 1,349 units, up 42.60% from last year.

Accumulated registrations for HEVs as of February 28, 2026
As of February 28, 2026, the accumulated registrations for HEVs totaled 636,407 units, a 28.61% increase from the previous year, categorized as follows:

• Passenger vehicles and utility vehicles totaled 626,322, marking a 29.03% increase from the previous year:
  o Passenger cars: 624,491 units, up 28.97% from last year.
  o E-hailing service vehicles: 514 units, up 2.59% from last year.
  o Business service vehicles: 254 units, up 202.38% from last year.
  o Sightseeing vehicles: 360 units, marking a 54.51% increase from last year.
  o Rental vehicles: 11, up 120% from last year.
  o E-hailing operating vehicles: 692 units, up 98.85% from last year.
• Pickup trucks and vans remained stable at 1 unit from last year.
• Motorcycles totaled 10,082 units, a 7.10% increase from last year:
  o Personal motorcycles: 10,082 units, marking a 7.10% increase from last year.
• Other vehicles:
  o Buses totaled 2, unchanged from last year.

Accumulated registrations for PHEVs as of February 28, 2026
As of February 28, 2026, the accumulated registrations for PHEVs totaled 84,294 units, reflecting a 29.18% increase from the previous year, broken down as follows:

• Passenger vehicles and utility vehicles totaled 84,294 units, indicating a 29.18% year-on-year increase:
  o Passenger cars: 84,206 units, reflecting a 29.20% increase from the previous year.
  o E-hailing service vehicles: 1 unit, a 100% increase from the previous year.
  o Business service vehicles: 39 units, down from last year by 9.30%.
  o Sightseeing vehicles: 28 units, up 33.33% from the previous year.
  o Rental vehicles: 4 units, a 20% decrease from the previous year.