vinny41
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Everything posted by vinny41
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Clearly the European Automobile Manufacturers' Association doesn't share your view and neither does the website and the journalist that published the article otherwise why would they published the figures if no one was interested in reading
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This article show % of Electric cars in Europe and market share for each country Electric cars market share in Europe is 1.2% The only European market in which electric cars have a very high market share is still Norway with 20.8 %, followed by Iceland (7.3 %) and Denmark and Sweden with 4.0 % each. Cyprus and Greece bring up the rear in terms of locally emission-free cars with 0.1% each. https://uk.motor1.com/news/710991/car-numbers-european-roads-by-country/
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BYD’s Quality Problems Hit International Markets: Report In Thailand, where Chinese EVs have taken the domestic automotive market by storm, BYD’s quality issues seem to be mounting. Complaints of paint and plastic peeling have become public. Meanwhile, in Israel, BYD EVs are reported to have warped under the weight of roof racks. https://insideevs.com/news/712148/byd-quality-problems-hit-international-markets/
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As you can see @pib posted about Europe is being exposed to Chinese EVs and I didn't see any complaints from you about his post and clearly he must be interested in what is happening to EV market share in Europe And I noticed on this thread you made 2 posts about China which as far as I know is not part of Thailand and there is a further 207 posts on China
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Once again a misleading picture with no link and only show partial figures from January to October 92,962 hybrid electric passenger and patrol vehicles (HEVs), equivalent to 98 percent of sales of passenger cars and patrol vehicles, an increase of 60.41 percent from the same month last year. 1,895 plug-in hybrid electric passenger and patrol vehicles (PHEVs), equivalent to 24 percent of total sales Decreased from the same month last year by 37.71 percent. Passenger cars and electric passenger vehicles (BEVs) totaled 73,568 units, equivalent to 48 percent of total sales, an increase from the same month last year at 603.66 percent. https://fti.or.th/2024/01/29/ส-อ-ท-เผยยอดส่งออกรถยนต์-2/
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January 2024 is the first month since August 2022 that HEVs failed to record a growth in registrations. A 1.2% drop in the first month of the year left the technology with a 13.1% share of January’s total, down from 14.4% in the same period in 2023. Famous quote from yourself One swallow does not assign make, I’ve told you this before, pay attention
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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
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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
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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/#:
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Thailand’s car industry hits the brakes: Production plunges 20%
vinny41 replied to snoop1130's topic in Thailand News
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 -
Thailand’s car industry hits the brakes: Production plunges 20%
vinny41 replied to snoop1130's topic in Thailand News
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 -
Thailand’s car industry hits the brakes: Production plunges 20%
vinny41 replied to snoop1130's topic in Thailand News
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
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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
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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/
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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
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An advice needed - buying a used car
vinny41 replied to Hellfire's topic in Thailand Motor Discussion
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 -
An advice needed - buying a used car
vinny41 replied to Hellfire's topic in Thailand Motor Discussion
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
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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
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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