5G Electric Cars – The Future is Here
How will 5G affect the future of mobility?
The introduction of 5G is already having an influence on our lives, and that impact will only increase. As 5G technology enables safe and quick data transfers, the automobile and transportation sectors are particularly undergoing a fundamental shift, especially in the 5G electric cars we are going to discuss in this article.
The BYOND Thursday panel discussion on September 1, 2022, at Seven Peaks office was held with a focus on the role of 5G technology in the development of electric cars in Thailand. This time we have two experienced panelists who are eager to share their experiences and insights in the industry with us: Peter Rankl– the President of ASEAN Continental Automotive and GM of Plant Calamba – and Krisda Utamote – the President of the Electric Vehicle Association Thailand and the Director of Corporate Communications for BMW Group in Thailand.
How is the automotive business changing now that 5G is becoming more connected?
What we’ve seen over the past few years with 5G connectivity is that it greatly aids in the shifting capabilities of automobiles. BMW, for instance, is able to capitalize on that effectively when it comes to the cars’ auxiliary safety features. The internet is faster now, so the evaluation of the data will be quicker. As a result, the reaction time that the vehicle will take to stop the vehicle when it identifies the problem in front of it will decrease.
To illustrate this, imagine driving a car at 100 kilometers per hour. In the 4G environment, it might take two to three meters of distance before the car comes to a stop. However, for the 5G electric cars, the distance will be shortened to only a centimeter. This technology would therefore be very helpful for safety features.
In what ways does the Thai market offer special advantages for the 5G electric cars?
From Peter Rankl’s point of view, the Thai population, compared to the Germans, is much more open to technology. Everybody is connected; everybody is always online. If you text somebody, you get an immediate reply. Driving behavior would also be expected to be like this. People expect to be reachable in their cars. Therefore, there is a higher acceptance to pay a little bit more premium to be connected.
This behavior is not only common in Thailand, but in other areas of Asia as well. People want to be connected. Unlike in Germany, people say, “If I am connected, people can detect where I am.” There are a lot of concerns in Germany, which might not be present much in Thailand. Peter reasoned that because Thai people are more accepting, business will move more quickly in this country.
Moreover, Krisda Utamote presented additional insight. He said that the government plans to develop electric vehicles in Thailand because they have seen the target. You might have already heard the news that from 2022 the government would like to move to the next milestone in 2025, where they want to see 30% of the vehicle registrations as so-called ZEVs, or Zero Emission Vehicles. Then, from 2025 to 2030, they would like to see half of the registrations be electric vehicles before moving to 100% in 2035. That’s the target the nation has.
How about the price of the vehicles in the Thai market?
Compared to the US market, the price of vehicles in Thai market is much higher. It is the intention of the government to keep the import duty very high in order to secure local assembly or local production of the vehicle here.
But what we are seeing here in the government’s plan is that this is the first year that the government gives a direct subsidy to the buyer of an EV. It has never happened before. In March, the government announced that they would give 150,000 Thai baht per unit for electric vehicles with a price tag of less than two million baht.
The importer’s promise to begin manufacturing EVs in the country by 2024 is like killing two birds with one stone. The plan is to bring in the EV and tie in a promise to increase EV production in the future. So this will bring a lot of new players into the market, as we can see with Chinese companies: Great Wall Motor, MG, and so on. In Krisda’s opinion, the variety of choices is beneficial for EV buyers.
What about Bangkok’s traffic problem…
In terms of congestion, we can look forward to a time when we can just hop in our fully autonomous level five vehicles, point them in the direction we want to go, and relax until we arrive at our destination. When that time arrives, Krisda doesn’t think we’ll need to take plane trips as often because we can drive to Chiang Mai in the evening, sleep in the car, and arrive in the morning.
It will change the way you park your vehicle as well. You don’t have to find a parking space anymore. The auto will take you to your destination and then park itself a few kilometers away. This will make human life much more convenient and predictable with less time wasted in a traffic congestion.
The revolution will bring a lot of new disruption to many things. Because of this, it’s intriguing to consider how 5G will make all of these things possible. We can now anticipate that there will be many new features for the 5G electric cars over the coming several years.
The potential for mobility advancement in Thailand is high with the development of 5G electric cars. From improved safety systems to automatic parking features, it is promising that 5G is going to transform the experience for the automotive industry in more ways than we can imagine.
5G does not only cause an impact on the mobility industry. It is spreading faster than the virus. Learn more about the 5G impact on the technology industry and on other business areas here on our site. We will keep you updated!
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