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Bangkok April-May 2022

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GRAB THAILAND ANNOUNCES 5-YEAR GOAL FOR EVS

Grab Thailand announces

its ambitious goal in supporting

the government in promoting

the adoption of EVs

among its driver- and delivery-partners

by targeting 10%

of vehicles providing ride-hailing

and on-demand delivery

services on the platform are

electric vehicles (EVs) by

2026. The company is currently

in the plan to discuss

with manufacturers, distributors,

and charging stations to

drive the use of EVs among

driver-partners, as well as,

partnering with financial institutions

to support their financial

planning and loan

services. Under this initiative,

Grab Thailand will cooperate

with the public sector to raise

public awareness and promote

a better understanding

of EVs and its benefits among

driver-partners as to support

the government's joining forces

with the ASEAN countries

in driving green energy and

reducing the greenhouse gas

emissions in the region.

Worachat Luxkanalode,

Executive Director of Grab

Thailand, said, "Climate

change can have extensive

intergenerational impact on

the well-being and livelihoods

of communities everywhere.

To minimize environmental

footprint, there is a need to

reduce dependence and usage

of fossil fuel and encourage

usage of renewable energy

and low carbon technology

and innovation. With the cutting-edge

advances in technology,

electric vehicles (EV)

have now become the new

and popular choice for many

people across the nation. To

drive the country towards

the EV society is one of the

key strategies and indeed, a

national agenda for the government

to help address the

issues of fuel price hikes and

global warming sustainably."

"As a platform provider,

Grab Thailand has always

placed our concern on the

importance of environmental

issues. We have been initiating

various projects and

activities to support the use

of clean energy, while minimizing

the environmental impact

from the services such

as launching the pilot projects

to encourage the use of

electric motorcycles in providing

food delivery services

among our driver-partners

and the feature launched

that encourages users to

participate in the carbon offset

program allowing them

to donate for reforestation

programme. To reinforce our

commitment in promoting environmental

sustainability this

year, Grab Thailand is eager

to announce our 5-year goal

[2022-2026] to further support

the adoption of electric

vehicles. We aim to increase

the number of driver-partners

driving electric vehicles (EV),

targeting 10% of the total

driver-partners within 5 years.

This initiative is aimed at supporting

the government policy

in driving the clean energy

and reducing the greenhouse

gas emissions in the region."

To achieve our goal, Grab

Thailand will focus on three

key activities as follow:

• Exploring opportunities to

collaborate with electric vehicle

manufacturers and distributors

in providing electric cars

and motorcycles that match

the needs of driver- and delivery-partners,

as well as,

promoting for the vehicle pilot

program and joint education

campaigns. The partnership

will also extend to related

service providers such as the

electric vehicle charging stations

and its charging system

management to encourage

the use of electric vehicles

more efficiently.

• Partnership with financial

institutions to help provide

financial planning or loan

services with special interest

rates and daily repayments.

This is to encourage more

interest and help reduce the

debt burden for freelance

workers or those who may not

have access to the financial

system.

• Cooperation with the public

sector to promote a better

understanding of electric vehicles

among driver- and delivery-partners,

especially in

terms of economic, social,

and environmental benefits,

as well as, sharing related

trends and technology to

raise their awareness and acceptance

which, in turn, leading

to more trials and words

spread.

"This long-term goal announcement

of Grab Thailand

in promoting the use of electric

vehicles is just the first

steppingstone that reflects

our dedication to helping address

environmental issues

and promotes sustainability

goals, which is also a part of

our GrabForGood mission to

support and uplift the quality

of life for the people in the

society. Grab is ready to be

another driving force in raising

public awareness and encouraging

the use of green

energy in our business ecosystem.

We are in full support

to cooperate with the public

sector to drive and achieve

the national agenda on the

electric vehicle as planned."

Worachat concluded.

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