vinny41

For the period Feb 1st 2024 to 31st July 2024 YOY sales numbers are down -12.07 compared with same period for 2023 for Thailand BEV

Correct while there is sufficient budget to support EV 3.5 for both imported and domestically BEV's

The 2nd International NEV Summit 2024 was held on 3 September 2024 at the Conrad Ballroom, Conrad Hotel, Bangkok. They are using the term new energy vehicle (NEV) which applies to all vehicles that have an electric motor including HEV as you can see in the presentation pictures https://www.nationthailand.com/business/automobile/40041463 I see some countries now using ZEV as an acronym Zero-Emission Vehicles https://www.phoenix.gov/sustainabilitysite/Documents/Electric_Vehicle_Acronyms_and_Glossary.pdf

EV 3.5 end date is 31st December 2027 assuming that is still has budget allowances for that date However, Ekniti confirmed that subsidies for imported EVs will reduce gradually to 75,000 baht per vehicle in 2024 and 50,000 baht in 2027. He said this reduction aims to maintain the momentum of Thailand’s EV industry development. https://www.nationthailand.com/news/policy/40039499 I suspect they mean B75,000 in 2025

The MG EP and New MG ZS EV models have modular batteries , with 1 battery pack consisting of 6 battery modules. Each module can be replaced. The price per module is 75,000 baht While the MG 4 Electric car has a cell2pack (CTP) battery , the price will be 525,000 THB (Not include VAT) https://www.prachachat.net/motoring/news-1229139 With the new Byd Blade 2 batteries coming at the end of this year Byd batteries should It is reported that the battery components will be reduced by 40% cost of battery will be reduced by 30% and range extended to plus 1,000km https://www.car250.com/byd-blade-ev-2024-09.html I assume that SAIC(MG) have a similar new battery model waiting in the wings

I expect the price war will end this year as I suspect there will be new rules implemented that if you reduce price more than X number of days then you have to show that the parts have also been reduced in line with the vehicle price reduction At the moment there is an imbalance if you import A) BEV fully completed ready for sale brand benefits from B100,000 subsidy under EV 3.5 B) BEV imported in component form for use as replacements parts no B100,000 subsidy under EV 3.5 and customs duty exemption only for 9 components as listed here https://miceoss.tceb.or.th/en/customs-exempt-import-duties-on-electric-vehicle-components-or-electric-powered-vessels-with-batteries-for-9-items/ End result it is cheaper to write off BEV vehicles as cost can exceeded price of new vehicle if battery needs replacing

The Consumer Protection Board joins the program "People's Station" on the topic: Complain to the Consumer Protection Board about buying an electric car that is not as advertised! The discussion was about complaints from EV users complaining about purchasing cars that did not comply with advertisements and sales contracts. The users said that in the past, the car had problems with unstable batteries, not storing electricity, air compressors not working, and ABS brakes not working. The company also announced that charging stations that the company said could be charged for free, but currently, a service fee must be paid and the charging stations are closed, service centers, and broken cabinets. The consumers met with the company to discuss the problems and ask the company to take the cars back. https://www.ocpb.go.th/news_view.php?nid=15454

I have never seen a Rolls Royce or Aston Martin in Thailand but I know they both sell cars here In 2023 Toyota worldwide sold 104,018 BEV For 2024 up to the end of July Toyota sold 84,376 BEV worldwide Toyota categorised there electric sales under the heading of Sales of electrified vehicles which has seperate subsections for HEV, MHEV,PHEV,FCEV,BEV Numbers can be found here https://global.toyota/en/company/profile/production-sales-figures/202407.html

HEV are EV I provided a link that clearly stated the type of the vehicles that it included sales include HEV, PHEV, FCEV, and BEV you failing to read the article correctly is your own problem This thread isn't limited to just Thailand only In Bangkok recently there was the 2nd International NEV Summit 2024 Here GWM Thailand show piechart of NEV market share in Thailand HEV 51% BEV 43% PHEV 6%

It would make more sense and reduce the number of write offs if the Capital on the insurance was split into 2 sections Section A if you want the car repaired the value of the car is the amount that you paid + the amount of subsidy under EV 3.0 B150,000 and under EV 3.5 B100,000 Section B if you want return of capital the value of the car is the amount that you paid excluding subsidy In the case of the Neta V iif the capital amount for repair have been B699,000 (B549+EV 3.0 subsidy B150K the Neta V would have been repaired as the cost of the repair would be 61.5% of the capital repair value

There was a recent news item of a lady that purchased a neta V for B549,000 11 months ago and had an accident resulting that the battery case was pierced and water entered the battery Now when she purchased the car at B549,000 the Inurance set a capital limit of B610,000 Now sure where the B610,000 amount comes from as it doesn't represent the true cost of the vehicle as it doesn't include the EV 3.0 subsidy To replace the battery would have cost B430,000 and the service centre couldn't guarantee that the water hadn't damaged other internal circuits / systems and there was no way of finding out until a replacement battery was installed The B430,000 replacement cost exceeded 70% of the insured capital so customer was advised that insurance would refund the capital This was 20th August this year With all these price reductions it does appear that the cost of parts are dropping in line with price reductions of cost of vehicle Recently there was a B140,000 price reduction on the Neta V down to B409,000 although I have seen some dealers go down to B372K Discount 140,000 discount! Special price NETA V 100% electric car: 409,000 baht (imported CBU China) | LFP battery 40.7 kWh https://autolifethailand.tv/special-discount-official-price-neta-v-ev-thailand-july2024/ Now if the capital on the insurance is reduced to B409K it does make these vehicles like disposable items as 70% of B409 would be B286K clearly a huge shortfall if battery replacement costs are B430K

Don't Forget that from DLT point of view January 2024 registrations are December 2023 sales being the closing date for EV 3.0 subsidy was 31st December 2023 From February 1st 2023 to 31st July 2023 33.844 EV's were registered From February 1st 2024 to 31st July 2024 29,758 EV's were registered

Byd have already included the January 2024 registrations numbers in their total number of sales for 2023 Sales numbers for Byd From Feb 1st to 31st July for this year are 9,581 If you compare Feb 1st 2023 to July 31st 2023 and February 1st 2024 to July 31st 2024 EV sales numbers are down YOY Here are 2023 EV registrations figures from Autolife From February 1st 2023 to 31st July 2023 33.844 EV's were registered From February 1st 2024 to 31st July 2024 29,758 EV's were registered Overall EV's registrations for the period 2024 are down 4,086 compared to the same time period for 2023 https://autolifethailand.tv/total-ev-bev-register-2023-thailand/ https://autolifethailand.tv/ev-register-july-2024-thailand/ Data from the Department of Land Transport indicate that the EV market has not been particularly strong since the beginning of the year. January recorded the highest number of registrations for the year at 13,321 units, driven partly by a rush to register before the January 31 deadline to qualify for benefits under the EV promotion plan, EV 3.0, which offers a 2% excise tax and a subsidy of up to 150,000 baht. https://www.nationthailand.com/blogs/business/automobile/40039276 totall number of ev sales for 2023 is in the region of 89,000

if you read the link provided it scopes the type of vehicles as sales include HEV, PHEV, FCEV, and BEV

Toyota have been selling EV's from 1997 In 2023, Toyota Motor Corporation sold approximately 3.68 million electrified vehicles (EVs) worldwide, increasing by 35 percent from around 2.73 million units in the previous year. Asia, including China but excluding Japan, was the region with the most unit sales, accumulating around 923 thousand electrified Toyotas sold. https://www.statista.com/statistics/1155847/toyota-electrified-vehicle-global-unit-sales/#:~:text=Globa

There has been factually incorrect information posted recently today such as " EV sales on the other hand were up over 13% YOY" Now I assume you understand the term "YOY" year over year Now if you look at Autolife figures that EV sales are up 13% YOY can't be supported by the figures provided by Autolife

Rubbish The stats provided by Autolife indicate that number of EV's registered in 2023 for the period of Febrary 1st 2023 to 31st July 2023 is more than the number of EV's registered for the same period in 2024 There are many reasons why that is the case and those reasons have already been discussed

It can't be misleading information when its factually corrrect This article is also incorrect regarding growth figures as it states With 41,000 EV registrations, Thailand’s plug-in market recorded growth of 5% in the first half of 2024. This followed a surge in deliveries during the same point last year, when 89,000 units hit the roads, up 327% year on year. However, the market could soon see electrification accelerate again. ICE vehicles before EV's had 100% market share so a single EV sold would mean ICE market in decline https://autovista24.autovistagroup.com/news/which-ev-markets-and-models-have-performed-strongest-so-far-in-2024/

Here are 2023 EV registrations figures from Autolife From February 1st 2023 to 31st July 2023 33.844 EV's were registered From February 1st 2024 to 31st July 2024 29,758 EV's were registered Overall EV's registrations for the period 2024 are down 4,086 compared to the same time period for 2023 https://autolifethailand.tv/total-ev-bev-register-2023-thailand/ https://autolifethailand.tv/ev-register-july-2024-thailand/ Data from the Department of Land Transport indicate that the EV market has not been particularly strong since the beginning of the year. January recorded the highest number of registrations for the year at 13,321 units, driven partly by a rush to register before the January 31 deadline to qualify for benefits under the EV promotion plan, EV 3.0, which offers a 2% excise tax and a subsidy of up to 150,000 baht. https://www.nationthailand.com/blogs/business/automobile/40039276 totall number of ev sales for 2023 is in the region of 89,000

As your wife confirmed last week MG doesn't always update their website with pricing

Discount 160,000 Clearance sale! Special price MG ES 100% electric car: 799,000 baht | Battery 51 kWh runs 412 km Official price (CBU imported from China) MG ES 959,000 799,000 baht* * 160,000 baht discount on MG ES model, stock clearance sale from 959,000 to 799,000 baht. https://autolifethailand.tv/official-price-discount-mg-es-ev-bev-thailand-sep2024/

you get a different picture when you look at figures for sales from January to July However, the picture regarding sales for the year so far was significantly different. Despite its strong showing in July, BYD only managed to clinch eighth place from January to July, based on sales of 1,714,100. Sales for Geely were significantly lower, at 577,700, with the brand managing eighteenth place overall. Once again, Toyota and Volkswagen were in first and second place, respectively, but Honda came in third for the year so far. https://carnewschina.com/2024/09/04/byd-was-third-best-selling-brand-in-the-world-in-july-this-year/

Then the problem is with your translator here is the section without translation as you can see both 30% and 20% are stated now if the EV built in Thailand did have 40% local content why aren't the brands exporting them through the existing ASEAN FTA เช่น กำหนดให้นักลงทุนรายใหม่ที่จะเข้ามาลงทุนในไทย จะต้องมาในรูปแบบของการร่วมลงทุน โดยมีบริษัทไทย ซัพพลายเชนไทยเป็นผู้ร่วมทุนไม่ต่ำกว่า 30% ตามกฎหมาย รวมถึงการกำหนดให้ใช้ชิ้นส่วนภายในประเทศให้ได้สูงที่สุด เพราะขณะนี้มีสัดส่วนใช้เพียง 20% เท่านั่น ซึ่งหากทำได้จะไม่ใช่เพียงการตอบโจทย์ในระยะยาว แต่ยังจะช่วยแก้ปัญหาการแข่งขันด้านราคาที่มีค่ายรถบางดัมป์ราคาอยู่ในขณะนี้... อ่านข่าวต้นฉบับได้ที่ : https://www.prachachat.net/economy/news-1646266

Its not my claim its stated here in this article from "Surot Saengsanit", the new president of the Thai Electric Vehicle Association including calling on the government to take measures to promote EV investment plans in Thailand for export. For example, it is stipulated that new investors who will invest in Thailand must come in the form of joint investment, with Thai companies and Thai supply chains as joint investors of no less than 30% according to the law, including the requirement to use domestic parts as much as possible, because currently only 20% is used https://www.prachachat.net/economy/news-1646266

Possibility of acquiring the highly anticipated title of "Thailand origin" For Chinese EV companies to extend their exports beyond the Thai domestic market, leveraging FTAs is crucial, which necessitates meeting a "40% local content" requirement. This is likely to depend on the degree of localisation of battery production, which is estimated to account for one-third of a vehicle's price, and the extent to which Thailand's industrial clusters are utilised. However, in the early stages of production, most of the parts will be imported from China, and it will be difficult to meet these requirements. If the "40% local content" requirement cannot be met, the majority of BEVs produced in Thailand will remain in the domestic market. If there is an oversupply, the entire market will be affected if discount sales become rampant, similar to what happened in China. If a Chinese car meets the 40% local content requirement and is certified as originating from Thailand, it will be exported within and outside the ASEAN region through the ASEAN FTA network. This will lead to direct competition between automobile companies in destination countries and Chinese cars originating in Thailand. In any case, the Asian automotive industry is undergoing a major transition. https://www.thinkchina.sg/economy/made-thailand-chinese-evs-could-fill-auto-market