vinny41

I expect all car sales including BEV will be down this year and here is some of the reasons why At the moment the average interest rate on new cars is 10% per year as dealers tend to advise customers to take out a 7 or 8 year finance agreement lower monthly payments for customer higher commission fees from Finance lenders to dealers At the moment 50% of all car loan applications are rejected F.T.I. reveals 50% loan rejection for car purchases https://www.bangkokbiznews.com/business/economic/1114429 Government has stated average household debt very high at 90.9% of GDP are are looking at measures to reduce average household debt to below 80% of GDP Inflation Cost of Living 300,000 additional cars were repossessed in 2023 over and above the normal repossessed rate of 150,000-180,000 and its forecast that between 250,000-300,000 cars over and above the normal repossessed rate will be repossessed in 2024 https://theactive.net/news/economy-20230229/ Bank-non-bank Strictly granting car loans Call for a 30% down payment to reduce bad debts and repossess cars. https://www.bangkokbiznews.com/finance/investment/1118155 I have seen dealers when it comes to finance deals any discounts are applied to the down payment section reducing 15% down payment down to as low as 5% they never apply the discounts to the finance part of the cost as any reduction there would mean a reduction on their commission

That snapshot from the FTI only shows partial year not full year for 2023 For the entire last year, domestic auto sales fell 8.67 percent from a year earlier to 775,780 units, of which 30.75 percent were ICE passenger cars, 11.98 percent were HEVs, and 9.48 percent were BEVs, the statement said. https://english.news.cn/asiapacific/20240130/66e3419a1be742708839fb1cd4ce47c6/c.html

Chinese EVs are being shunned by insurance companies in the UK, with many new models being virtually uninsurable while others have prohibitively high premiums. This phenomenon is primarily due to fears of high repair costs, lack of technical information, and long lead times for replacement parts https://www.carscoops.com/2024/03/chinese-evs-become-virtually-uninsurable-in-the-uk-says-report/#:

Toyota 2024 sales are up so they don't seem to be unhappy

Its Honda and Nissan that have joined forces in EV not Honda and Toyota https://www.abc.net.au/news/2024-03-19/fierce-rivals-honda-and-nissan-join-forces-china-byd/103603464

At the moment the average interest rate on new cars is 10% per year as dealers tend to advise customers to take out a 7 or 8 year finance agreement lower monthly payments for customer higher commission fees from Finance lenders to dealers At the moment 50% of all car loan applications are rejected F.T.I. reveals 50% loan rejection for car purchases https://www.bangkokbiznews.com/business/economic/1114429 Government has stated average household debt very high at 90.9% of GDP are are looking at measures to reduce average household debt to below 80% of GDP 300,000 additional cars were repossessed in 2023 over and above the normal repossessed rate of 150,000-180,000 and its forecast that between 250,000-300,000 cars over and above the normal repossessed rate will be repossessed in 2024 https://theactive.net/news/economy-20230229/ might be a number of years away before you see Affordable cars on the road

First, let me provide a summary of the third quarter of the fiscal year ending March 2024. Cumulative operating income for the nine months was 4.24 trillion yen, an increase of 2.14 trillion yen from the same period of the previous fiscal year. The full-year forecast is 4.90 trillion yen https://global.toyota/pages/global_toyota/ir/financial-results/2024_3q_presentation_2_en.pdf Someone is buying Toyota's big time hence increase sales

It would appear there isn't a single post on this forum relating to Volvo Solar Carport so while old news outside of this forum its new news to this forum As far as I know Volvo is the only Brand that is offering a free charging service to their customers every other Brand makes a charge for using there charging points Maybe the other brand can't be bothered to invest in solar panels who know's

Volvo Thailand offering free charging for Volvo Customers For electric vehicle (EV) charging stations, the pilot launches at 4 branches, including Volvo Phra Nakhon, Vibhavadi branch, Scandinavian Auto, Hathairat branch, Pacific Thai Motor Sport, Hua Mak branch, and GT Auto, Pattaya branch, by Wal-Mart customers. Vo can bring in the car for charging at no charge Volvo solar charging stations, charging free of charge https://thethaiger.com/hot-news/technology/volvo-solar-charging-stations-charging-free-of-charge

Thailand’s automotive market in 2023 recorded 775,780 vehicles sold Thailand EV sales in 2023 of 76,314 represents 9.84% market share not 12.02% https://www.nationthailand.com/business/automobile/40035263

it will be interesting to see if this model of charging takes off in Thailand ( might be useful for solar panels installations to recover some of their investment costs ) https://co-charger.com/

The profitability of EV charging stations can vary greatly based on numerous factors such as the location, the pricing structure, the type of charging station (fast charging vs. standard charging), and operational costs. Here’s a breakdown of the various aspects impacting profitability, along with some specific figures: 1. Profit Margins: Profit margins for Level 2 charging stations can vary based on factors such as location, pricing structure, operational costs, and utilization. On average, these businesses can aim for profit margins ranging from 15% to 35% depending on the aforementioned variables https://gogreenlogic.com/ev-charging-station-business-costs-purchase-profit-margins-guide/

They didn't state that in their report what they stated is "As we grow our business offering charging for electric vehicles, we expect an internal rate of return of 12% or higher" Shell has 45,000 service stations worldwide In Thailand there is 520 service stations

Energy Transition Strategy report We have other competitive advantages, such as our convenience retail offering which allows us to offer our customers coffee, food and other convenience items as they charge their cars. As we grow our business offering charging for electric vehicles, we expect an internal rate of return of 12% or higher https://www.shell.com/sustainability/our-climate-target/shell-energy-transition-strategy/_jcr_content/root/main/section/promo_copy_copy/links/item0.stream/1711012433598/39c528a7d85179adb1189fdc065aacbda5aab89f/shell-energy-transition-strategy-2024.pdf If Shell is looking for a return of 12% or higher for public charging will that mean higher charging fees

Insurance companies warned of higher risks in covering electric vehicles During a meeting with members of Thai General Insurance Association, OIC assistant secretary-general Apakorn Panlerd urged insurers to employ risk management strategy in handling EV cases as EVs operate differently from internal combustion engine (ICE) vehicles and therefore carry higher risks. Apakorn said insurers must carefully consider all related details before providing the insurance, as well as set a suitable premium rate that reflects the true risk of the product. He said companies should also keep in mind that EVs use different parts than ICE vehicles, and certain parts may not be readily available in the market. https://www.nationthailand.com/thailand/general/40035598 This prices seem expensive to me https://www.lotussmoney.com/car-insurance/ev

You understand that the EV insurance for EV for the period prior to 1st January 2024 was simply based on insurance coverage for ICE vehicles but since there was a number of EV claims that hit the headlines last year they have redesigned how EV insurance is covered hence why they are calling the new policy Thailand's first electric car insurance policy or EV car insurance (2024) will also be enforced this year. It was also found that although the price trend of electric vehicle insurance premiums in 2024 may gradually decrease in the future. But it may still be higher than general car insurance premiums in the same price range. https://www.thairath.co.th/money/personal_finance/insurance/2752308 and that is why they have stated Set depreciation to decrease by 10% per year until a minimum of 50% (from the 5th year onwards). If you change a new battery You can request additional protection. (There is an additional insurance premium) Yes you can keep the battery coverage at 100% but for that you will pay for an additional insurance premium if you choose not to pay the additional insurance premium then the battery protection will decrease by 10% each year as outlined above

It happens when someone aims to use a charging station and then finds on arrival charging station is out of order and the next available charging station battery stated sufficient number of km to get to the next charging station but then readings become unstable or unreliable

Wet and Cold in the UK How far can electric cars REALLY go?? – we drive 12 until they DIE! Tesla, BYD & more | What Car? Lexus did travel a further 21 miles or 33km when the battery was showing zero

I have seen reports in the EV facebook groups of batteries being unstable or unreliable once the battery drops below 20% some EV owners reporting range drops from 12km to 0km in less than 30 seconds

I don't think the new policy is designed that way I would assume anyone that has purchased their vehicle on finance will be required to purchase the additional battery coverage to 100% so in the event of an accident there is funding to replace the battery What we don't know yet if you purchase additional battery coverage to 100% does that mean the battery will be replaced irrespective of the total capital insured amount Everything published so far doesn't mention reduced insurance premiums all it states is reduced battery coverage Thailand's first "EV car insurance", expensive premium based on vehicle price, conditions, co-payment rate if the driver's name doesn't match! https://www.thairath.co.th/money/personal_finance/insurance/2752308

I don't think the OIC mentioned cheaper option they realized in 2023 that EV repair costs were 30% more expensive than their ICE counterparts and EV insurance premiums would need to increase to cover that shortfall and in the 2023 policies there wasn't a mandate for ev owner's to have a share in the proceeds of damaged batteries Car owners and insurance companies will own the remains of electric vehicle batteries in the same proportion as the basis for compensation. When damaged batteries are sold insurance company The money must be divided among the car owners according to this proportion. There will be discounts for named drivers that have made no claims

It does read the only battery coverage that is going to continue as is , is any car that uses battery modular As the table only applies to non-battery modular so no change for MG ZS EV and MG EP+ Battery protection that changes according to lifespan From this new EV car insurance criteria, it will directly affect the coverage of High-Voltage batteries of EV cars. From 100% coverage, there will be less and less coverage. According to the lifespan of the EV vehicle *This criterion is used in the case of replacing the entire set of High Voltage batteries with the following conditions: https://www.amarintv.com/spotlight/business-marketing/detail/56923

That doesn't appear to be an option it stated in the article "Importantly, if the car owner does not want to use the criteria in the table above. You can purchase additional battery coverage or Battery Replacement so that the insurance company will cover the battery 100%." https://www.amarintv.com/spotlight/business-marketing/detail/56923

When I stated that my 20 year old Toyota didn't need any parts I was referring to component parts that would be covered by Toyota car consumables have never been covered by Toyota or any brand with the exception if your 12v battery failed in the 1st 12 months

Only if you pay an additional premium for additional battery coverage so that the insurance company will cover the battery 100%.