Advancing FCEV Innovation Strategic insights for the Thai Market

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Advancing FCEV Innovation Strategic insights for the Thai Market

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Advancing FCEV Innovation Strategic insights for the Thai Market

September 20, 2024

In the development of a regulatory framework to support Fuel Cell Electric Vehicles (FCEVs), it is crucial to address the entire hydrogen and FCEV value chain. This encompasses the formulation of comprehensive standards for engineering and safety, as well as the establishment of commercial regulations and service tariffs covering hydrogen production, transportation, storage, utilization, and refueling stations.

Nevertheless, future advancements in technology are anticipated to enhance the cost-effectiveness of FCEVs. To capitalize on these advancements, it is imperative to foster the growth of the domestic hydrogen and FCEV industry. Such development will not only support the anticipated future expansion but also play a crucial role in reducing the nation’s reliance on imported energy and technology. This strategic approach will help ensure that the country is well-positioned to meet the evolving demands of the energy and automotive sectors.