vinny41

That is incorrect the majority of the workforce working in Gibralter are Spanish nationals. Living and residents in Spain

As you are in the 3rd year of your rental car and assuming it was brand new when you 1st started the rental have you considered asking the rental company for a price to buy the car as your rental must have nearly paid for the car

More than half (53 Percent) of the labour force are resident in Spain or are non Gibraltarians. According to the Government of Gibraltar's statistics, around 45 Percent of the total employee jobs, and 58% of the private sector jobs, are held by frontier workers (employees who are normally resident in Spain but are employed in Gibraltar). Around 63 Percent of the frontier workers are Spanish nationals. More than half (55 Percent) of the private sector employee jobs are held by persons who are not Gibraltarians or Other British nationalities. The public sector, on the other hand, employs mainly Gibraltarians and other British (90 Percent) [90] https://en.wikipedia.org/wiki/Gibraltar#Economy It seems that the majority of the workforce are Spanish nationals living in Spain

All vehicles across the board will be depreciating as that is normal EV's are taking an extra hit in deprecation due to lack of demand, oversupply and huge price reductions oversupply and huge price reductions aren't happening in the ICEV as they still have an export market 86,000 vehicles exported in August

I know you were looking at Good Cat at one point Amazing pictures here of good cat flooded for 3 days and battery does not need replacing some comments state that Catl battery has very good waterproofing. https://www.facebook.com/photo?fbid=1108386864190877&set=pcb.1108205944208969

The problem I see is for cars with finance The finance companies have a lending risk model based on total price of car %down payment and monthly repayments over X number of years and they insist on 1st class insurance while the car is subject to finance and that lending risk model is base on traditionally the car value is reduced only by 10% per year and if the car is written off they will see a large return of the loan amount or if the car is repossessed they can sell on used market and get a large return of the loan amount Using the 30% model must mean that finance companies will insist on larger downpayments shorter loan period and higher monthly installments

Insurance in turmoil: EV price cuts continue, plans to "reduce capital - increase premiums" are being adjusted. “Now each insurance company is reducing the insurance capital of new EV cars and it is expected that the insurance capital in the future will decrease by 30% per year, not just 10% anymore because the price of EV cars is quite dynamic. Every company has to think and act again because if the insurance capital of EV cars is more expensive than the second-hand price, there will be fraud,” said the source. https://www.prachachat.net/finance/news-1598803 If you look at some of the posts in various facebook groups some people have commented that they would be financially better off if their car was written off more so for people that are paying installements are on the hook for the full price of the car +200/300K interest It does seem to the case that they have taken the B1,189,000 and reduced the capital value by 26.5% for each year leaving a current capital value of B642K i know it wouldn't happen but personally I think the capital amount showed be no longer than the amount left outstanding on the loan agreement as I can see a large number of people left with negative equity owing more to the finance company after the capital amount has been refunded and as we have seen finance companies will go after either the original buyer or their guarantor for the outstanding balance if the original buyer can't pay the balance or doesn't have any assets

Here is a facebook post from yesterday where the post indicates the author found a model D looking at the comments MG dealers seem to reply yes they have model D or no Model X only https://www.facebook.com/groups/2572340166118367/permalink/9033014970050822 You might want to consider posting in this group in Thai language that your looking for a model d the reason why I say post in Thai language is a dealer may have a model d in stock but doesn't reply to your post because it is in English I read somewhere that MG has no central stock and all stock in with dealers

1.1 CBU BEVs with a battery size of over 10 kilowatt-hour (kWh) and suggested retail price (SRP) of less than 2 million THB: For those not imported under an FTA, the import duty rate will be reduced from 80% to 40%. 1.2 CBU BEV with a battery size of over 30 kWh and an SRP of more than 2 million THB, but not exceeding 7 million THB: For those not imported under an FTA, the import duty rate will be reduced from 80% to 60% https://kpmg.com/th/en/home/insights/2022/05/th-tax-news-flash-issue-130.html#:~:text

My view is the MG ZS EV D offers best bang for your bucks with the modular batteries and metal battery casing

Still available on Facebook but numbers for the D model are limited now this was posted today https://www.facebook.com/groups/2572340166118367/permalink/9041843759167943

Depending on suggested retail price KIA will be subjected to either 40% import tax if price is below B2M or 60% import tax if retail price is above B2M

When Byd recently announce B340,000 that brought them attention from the Office of the Consumer Protection Board maybe MG thinking if we don't announce the price reductions on the website we wouldn't receive the same attention When the MG ZS EV was launched in March 2022 before any susbsidies Price of MG ZS EV D was 1,189,000 baht Price of MG ZS EV X was 1,269,000 baht

Most of the write off's on EV's are due to battery pack being compromised either due to rodent biting the battery casing cover and either water or humidity entering the battery pack or driving through flooded water and water enters the battery there was a recent case Neta V owner purchased car 12 months ago paid B549K capital amount cover B610K driving through flooded water something pierced the battery casing Cost of battery replacement B430K Once the case reached a TV channel she was quickly refunded the full capital amount of B610K Now Neta have been clearing out their remaining stock of Neta V price was reduced to B368K now if they need a replacement battery at B430K it will depend on what the capital amount of the cars sold at B368K

MG doesn't always update their website since end of August they have reduced the price of the MG ZS EV as new model coming later this year or early next year Clearance Sale, up to 350,000 baht discount for MG ZS EV, 100% electric car, remaining 599,000 - 699,000 baht, some colors, some sub-models and some dealers only. * Special price MG ZS EV https://autolifethailand.tv/official-discount-mg-zs-ev-july2024/

Check out the MG ZS EV facebook page I have seen 2023 models quoted between B20-B25K with capital value of B500K One of the problems with these price reductions to boost sales is that there is no matching price reduction in parts so in the event of major repair car is just written off if it exceeds between 70%=80% of the capital amount I have seen some quotes where it quite clear the insurer doesn't want to insure the customer anymore so they are quoted a silly amount on renewal in the hope that the customer will go elsewhere

demise of ICE vehicles in Thailand is a long way off Under the 30 30 Policy Thailand is hoping to build 30% of all EV's and pickups by 2030 Phase 3 (2026-2030) is driven by the “30/30 policy” to produce 725,000 EV cars and pick-ups plus 675,000 EV motorcycles. This will account for 30 per cent of all auto production in 2030 and includes domestic manufacture of batteries. This indicates there are hoping to build in the region of 1,600,000 ICE vehicles in 2030 https://www.nationthailand.com/blogs/special-edition/40000851

South Korean EV's are subject to 40% or 60% import tax depending on selling price is less that 2MB or more than 2MB 1.1 CBU BEVs with a battery size of over 10 kilowatt-hour (kWh) and suggested retail price (SRP) of less than 2 million THB: For those not imported under an FTA, the import duty rate will be reduced from 80% to 40%. 1.2 CBU BEV with a battery size of over 30 kWh and an SRP of more than 2 million THB, but not exceeding 7 million THB: For those not imported under an FTA, the import duty rate will be reduced from 80% to 60% https://kpmg.com/th/en/home/insights/2022/05/th-tax-news-flash-issue-130.html#:~:text

EV firms seek easing of manufacturing conditions Automakers who were granted incentives under the EV3.0 scheme are required to assemble EVs locally from 2024 and meet production targets set by the government. "At least eight Chinese EV makers are waiting to have talks with the government. They are worried about the oversupply of EVs in the market," said Surapong Paisitpatanapong, vice-chairman of the FTI and spokesman for the federation's Automotive Industry Club. https://www.bangkokpost.com/business/motoring/2879412/ev-firms-seek-easing-of- The Excise Department has estimated that about 185,029 EVs will be imported under the EV3.0 policy. Of these, 84,195 EVs were imported in 2022-2023, 66,448 in 2024, and 34,386 will be imported in 2025. The top five companies expected to import the most EVs between 2022 and 2025 are: Rever Automotive (77,247 units), Neta Auto (40,837), MG Sales (27,186), Great Wall Motor Manufacturing (24,225), and EV Primus (8,493). The policy offers import tax exemption for EV makers as well as other subsidies, but mandates them to produce the cars locally at a ratio of 1:1 to those imported in 2024 (importing 1 EV for every 1 locally produced EV) and a 1:1.5 ratio for cars imported in 2025 (importing 1 EV for every 1.5 locally produced EVs). “It is estimated that by 2025 EV makers will need to produce 180,000 units to offset the imports,” EVAT president Krisda Utamote said on Wednesday. “With the low purchasing power in the Thai market, automakers will need to seek out secondary markets to distribute their products or risk suffering losses from oversupply. https://www.nationthailand.com/business/automobile/40039578 My understanding is that for vehicles imported in 2022,2023 and 2024 150,643 need to be locally built in 2024 using a ratio of 1:1 if they number aren't met they can carry over the unbuilt quota into 2025 but the ratio changes to 1 EV imported for every 1.5 locally produced EVs

Primearth EV Energy becomes Toyota Battery Speaking at the event, Mr Okada confirmed his company “will contribute to Toyota’s multi-pathway strategy with batteries for HEVs (hybrid electric vehicles), PHEVs (plug-in hybrid electric vehicles) and BEVs (battery electric vehicles), as well as secondary batteries for fuel cell vehicles. “In addition, we want to explore all possible ways of supporting Toyota’s commitment to developing hydrogen-engine vehicles, including the potential for batteries to extend the cruising range or reduce fuel tank size.” https://www.just-auto.com/news/primearth-ev-energy-becomes-toyota-battery/

The main difference between EV and ICE depreciation is the huge price reductions on EV's We have seen nearly 50% price reduction on MG ZS EV and B340,000 now when a brand reduces prices in such manner it increases the standard depreciation that occurs due to age and mileage And majority of EV brands are now offering huge price reductions mainly due to oversupply and lack of demand and unable to export due to not meeting the 40% local content requirement for ASEAN FTA We are not seeing the same oversupply in the ICE market as while the domestic is currently depressed they are selling exporting overseas In August 2024, 86,066 finished cars were exported Pickup trucks 48,201 units, accounting for 56% of total exports, down 14.07% from 2023. ICE passenger cars 22,677 units, accounting for 26.35% of total exports, an increase of 16.11% from 2023. HEV passenger cars 3,516 units, accounting for 4.09% of total exports, an increase of 351.93% from 2023. 11,672 PPVs accounted for 13.56% of total exports, down 4.66% from 2023. The last known huge price reductions on ICE vehicles that I am aware of was in 2020 when Chevrolet decided to exit Thailand and sold their remaining stock with price reductions of 50% https://www.mreport.co.th/news/statistic-and-ranking/555-thailand-automotive-export-2024-august

There was either a premium or performance model that was listed in an auction last week for B870K + fees it didn't sell https://www.facebook.com/groups/bydthailand/posts/891766329596816/

CATL launches battery with 15-year lifespan for electric buses The battery has a service life of up to 15 years or 1.5 million kilometers and a warranty of 10 years or 1 million kilometers, CATL said. The solution has an IP69 rating and can withstand 72 hours of water immersion. https://cnevpost.com/2024/09/14/catl-launches-battery-electric-buses/ On the Car front I noticed posters focus on the number of years of battery warranty forgetting that their are also set maximum number of kilometers that are associated with the battery warranty In China Cumulative insurance registrations of NEVs with eight-year warranties have amounted to 19.41 million units over the past eight years, but starting this year, their warranties will begin to expire, he said. Under current warranty standards, most car companies require that the battery's usable capacity fall below 70 percent during the warranty period in order to qualify for a warranty, Li noted. If the usable capacity of the battery pack falls below 70 percent, there will be safety issues and the car-using experience will be greatly affected, he said. https://cnevpost.com/2024/03/17/nio-william-li-urges-more-focus-on-battery-life/

There is no evidence that the Accord and Camry both fall to practically zero after 10 years when you look at one2one website 2014 Toyota Camry from dealers ranging from B495K downwards Honda Accord 2014 dealers ranging from B609K downwards B609K and B495K I would not consider those prices to be practically zero

The Omaha, Neb. -based investment giant recently lowered its holdings in BYD to 4.94% of the company's Hong Kong-listed shares from 5.06%, selling 1.4 million H shares at an average of 246.96 Hong Kong dollars, or about $31.64 each, according to an exchange filing Monday These were BYDDF which according to google are currently trading at $37.75 usd https://www.google.com/finance/quote/BYDDF:OTCMKTS?sa=X&ved=