vinny41

Are they repossesed? Unlikely WIll the finance company come after you? More than likely Can ownership be transferred? In Most Cases No as there is no Blue Book See threads here https://aseannow.com/topic/1219358-car-out-of-pawn-what-is-the-story-with-no-book/https://aseannow.com/topic/1140823-pawned-cars/ Over 130 cars sold illegally by “car for cash” dealer seized by police https://www.thaipbsworld.com/over-130-cars-sold-illegally-by-car-for-cash-dealer-seized-by-police/ Normally someone will report car stolen to finance company but in reality they have sold the vehicle to someone else without informing finance company

check this thread

I agree with you that a 50% growth on EV sales in Thailand is achievable on Pickups it will be interesting times if you divide pickup's into 2 categories 1) poser pickup and 2) workhorse pickups as they have different battery requirements with the workhorse pickups requiring a larger battery to cope with daily loads. I have seen reports 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 Toyota shareholders will care 2 hoots if you disagree with Akio Toyoda's statements The main difference I see is you want to force a product on people regardless if it meets their requirements or not where Toyota have a range of products and leaves the final choice to their customers At the moment people prefer hybrid over EV However, that doesn't mean Toyota is abandoning EV investment entirely. It unveiled two EVs concepts at the Japan Mobility Show this week, including a spiritual successor to the MR2, and it recently debuted concepts for an electric Land Cruiser and compact electric pickup. So Toyota is still very much invested in electric cars; it just also believes EVs are part of the answer for a carbon-neutral future. For now, the market appears to be bearing that out. https://www.thedrive.com/news/akio-toyoda-says-slowing-ev-demand-proves-he-was-right-all-along I expect EV sales to grow in Thailand this year but I don't think we will see total sales of 152,628 which would be a 100% increase of the 76,314 EV sold in 2023 as its a more cautious customer base that EV manufacturers have to sell to According to this article BYD look like their 1st pickup will be a gas hybrid As for the power option that BYD chooses to launch first in 2024, it will be a gasoline engine. It works with a plug-in hybrid electric motor (PHEV), while a pure electric version (BEV) will be ready for sale in 2025. https://www.headlightmag.com/2024-01-10-spyshots-byd-truck/

Eager to avoid falling further behind Tesla and Chinese car companies, many Western auto executives are bypassing traditional suppliers and committing billions of dollars on deals with lithium mining companies. They are showing up in hard hats and steel-toed boots to scope out mines in places like Chile, Argentina, Quebec and Nevada to secure supplies of a metal that could make or break their companies as they move from gasoline to battery power. https://www.nytimes.com/2023/07/02/business/lithium-mining-automakers-electric-vehicles.html Akio Toyoda Says Slowing EV Demand Proves He Was Right All Along “People are finally seeing reality,” the former CEO said about the dangers of an all-in approach to EVs. And Toyota have shown they are correct in their 2024 profits Toyota Motor Corp. raised its full-year operating profit forecast for fiscal year 2024 by almost 9% following a strong earnings report, according to a Q3 earnings presentation released Tuesday. Toyota Motor Corp. said its full-year operating profits would be bolstered further by cost savings and an improved sales mix. https://www.automotivedive.com/news/toyota-Q3-2024-earnings-hybrids/706763/ Toyota don't have an issue with selling EV's they have a belief of not putting all your eggs in one basket EV only manufacturers do have a problem with falling sales as they have only 2 options At the moment we have seen that when have an overstock of EV or are not hitting their sales target their solution is price reduction which then has a knock on effect with other manufacturers Good for new customers not so good for existing EV owners as any price reduction has a knock on effect on the value of their present EV EV only manufacturers can't afford to scale back their scale back their current production lines mainly to protect their investment/profit margins as all their eggs are in a single basket https://www.thedrive.com/news/akio-toyoda-says-slowing-ev-demand-proves-he-was-right-all-along The the total number of vehicles sales in Thailand was 775,780 of which 76,314 were EV sales which represents 9.8% of the total vehicle sales EV's sales have a very long way to go in sales before they can be considered mainstream Any product that is largely reliant on large subsidies to generate sales can't be considered mainstream in 2022, pickup trucks accounted for 45.7% of all vehicle sales in Thailand, with 388,296 pickup trucks sold. The Thai pickup truck market is dominated by two models - the Isuzu D-Max and the Toyota Hilux https://www.giiresearch.com/report/cri1339028-thailand-light-truck-industry-research-report.html#:~:text=i How many electric pickup trucks have been sold in Thailand as far as I know zero

I have already posted that Both Ford and GM have sourced their own supply of Lithium Its not just Toyota that is looking at alternative solutions to BEV BMW both have hydrogen models A Third of Drivers Don't Want a BEV - But are They Aware of the Alternatives? https://www.viritech.co.uk/blog/a-third-of-drivers-dont-want-a-bev-but-are-they-aware-of-the-alternatives# Toyota GAC Jpint Venture GAC Toyota Motor Co., Ltd. (Chinese: 广汽丰田汽车有限公司) is an automobile manufacturing company headquartered in Guangzhou, China and a joint-venture between GAC Group and Toyota Motor Company for manufacturing Toyota's model platform in the Chinese market. It was founded on 1 September 2004. https://en.wikipedia.org/wiki/GAC_Toyota

It seems that Ford and GM have directly sourced Lithium for their requirements Eager to avoid falling further behind Tesla and Chinese car companies, many Western auto executives are bypassing traditional suppliers and committing billions of dollars on deals with lithium mining companies. They are showing up in hard hats and steel-toed boots to scope out mines in places like Chile, Argentina, Quebec and Nevada to secure supplies of a metal that could make or break their companies as they move from gasoline to battery power. https://www.nytimes.com/2023/07/02/business/lithium-mining-automakers-electric-vehicles.html

It would appear the old saying of don't put all your eggs in one basket is working for some manufacturers Toyota hikes annual profit forecast after Q3 beats expectations Hikes full-year profit forecast by about 9% to 4.9 trillion yen Toyota's Q3 operating profit surges almost 76% The improved outlook from the world's best-selling automaker contrasts with a downbeat forecast from many rivals that have warned of tepid sales growth and announced output cuts amid high interest rates and slowing demand for electric vehicles. https://www.reuters.com/business/autos-transportation/toyota-posts-76-jump-q3-operating-profit-2024-02-06/

Regarding Fuel Tax its more than likely that Fuel Tax will be applied to Charging stations as we know its unlikely that commercial vehicles will be BEV due to weight and range concerns

Details of their tie-up will be ironed out later. But the recent race in Buriram offers hints on what they may have planned. Among Toyota's race entrants was a hydrogen-powered Corolla, which Toyoda himself drove. The vehicle was powered by an engine fueled partly with hydrogen made from chicken manure at CP Group's poultry farms and processed by Toyota's Thai unit. https://asia.nikkei.com/Business/Automobiles/Toyota-drives-EV-and-hydrogen-push-in-Thailand-its-second-home

Since January 1st 2024 everyone needs to complete Malaysia Digital Arrival Card (MDAC) https://imigresen-online.imi.gov.my/mdac/main https://support.airasia.com/s/article/Travel-Requirements-Malaysia?language=en_GB

Meanwhile, the share of personal contract hire (PCH) sales enquiries for all electric vehicles was 22.9% in the first-half of this year and BEVs accounted for 9.9% of total PCH vehicle enquiries. https://brokernews.co.uk/leasing-com-announces-hypervolt-partnership/# zero-emission EVs have qualified for a First Year Allowance (FYA), which allows for 100% of the EV cost to be offset against yearly taxable profits. Fleet or Business owners only That is why there is a growth in EV's from the business market you can offset tax against your purchase likewise there is a tax loophole in the UK for double cab pickup's However, currently, double cab pick-up trucks are charged at a flat rate which is £3,960 for the 2023/2024 tax year. For a 20 per cent taxpayer, van BIK is £792 per year, or £66 a month. For 40 per cent taxpayers, it’s £1,584 per year, or £132 a month. From July 1st 2024 higher rate taxpayers will pay £6,960 instead of the current £1,584 a difference of £5,376 https://www.independent.co.uk/money/pick-up-truck-tax-hmrc-b2496692.html

Thailand's EV import tax rates vary. EVs imported from China enjoy a 0% tax rate under a bilateral agreement between Thailand and China. Some EVs imported from Japan are subject to a 20% tax rate under the Japan-Thailand Economic Partnership Agreement. However, the source said most EVs imported from Japan are not entitled to the 20% rate and instead face an 80% rate as their Japanese content exceeds the level required for the lower rate. EVs imported from South Korea are levied a 40% import tax, while those from Europe face an 80% import tax. https://www.thaiauto.or.th/2020/news/?news_id=5248 I expect in time this will change as Thailand EV manufacturers will want to export to these countries and most countries operate a tit for tat when it comes to import tariffs so if these import tariffs remain almost impossible to export to these countries

I think you will find on this forum and outside this forum the expectations are that the sales figures for each month will always exceed 10K Thailand is forecasted to see electric car sales of around 130,000 vehicles in 2024, representing 16% of the total market—a 70% increase from 2023. https://www.khaosodenglish.com/news/business/2024/02/12/great-wall-motor-plans-15-additional-models-for-thailands-ev-cars-by-2025/#:~:text=Thailand is forecasted to see,increase from the previous year.

Chinese manufacturers in Thailand have barriers if they don't commit to EV 3.5 Trump is talking about 60% tariff on Chinese EVs The Biden administration is considering restrictions on imports of Chinese “smart cars” and related components that would go beyond tariffs to address growing US concerns about data security, according to people familiar with the matter. The measures would apply to electric vehicles and parts originating from China, no matter where they’re finally assembled, to prevent Chinese makers from moving cars and components into American markets through third countries like Mexico, the people said. The measures could also apply to other countries about which the US has data concerns, one of the people said. Tariffs alone, they added, won’t fully address this issue. https://fortune.com/asia/2024/02/09/biden-administration-restrict-imports-chinese-evs-parts-built/

Chinese version of ORA Good Cat GT : 1,286,000 baht April 2023 Thai version of ORA Good Cat GT 1,099,000 baht January 2024 Thai version B187,000 price reduction Only Major difference I see between these models Adjusted battery capacity from 63.139 kWh by CATL to 57.70 kWh by SVOLT. CATL battery Chinese version SVOLT Thai assembled model, manufactured by SVOLT Energy battery factory in Thailand. There are a number of other changes on the Thai version these can be found here https://www.headlightmag.com/2024-01-12-official-price-ora-good-cat-made-in-thailand/

I expect there will be a drop in registrations in March 2024 and April car sales up tp end of December 2023 normally take 30-60 dates before they show up in the registrations monthly stats so expect to see skewed registrations for February 2024 People will wait for Bangkok Motor Show from 27 March 2024 to 07 April 2024. to see if any new models appearing and any pricing adjustments also some people will wait for Byd to start local manufacturing in June of 2024 (date not confirmed) When Mg started local manufacturing of MG4 in November 2023 there was no pricing adjustments However when GWM started local manufacturing of the Ora in January 2024 there was a price reduction of between B29,000 to 187,000 baht compared to the Chinese versions Will there be a price reduction of Byd models when they are locally produced guess we will have to wait and Still no solution for the majority of condos owners regarding charging and still no electric pickup on the market EV's manufacturers worldwide are expecting slower sales now that the early adopters have purchased their vehicles I would expect it will be the same in Thailand There are some youtube videos available where Thai owners have switched back from EV to ICE vehicles insurance costs capital amount on insurance and replacement tyres at B10,000 a wheel limited charging, long distances were listed as some of the reasons for switching back to ICE

USA currently has a 27.5 import tariff on Chinese cars and possible more restrictions on the way Biden administration may restrict imports of Chinese EVs and their parts no matter where they are built https://fortune.com/asia/2024/02/09/biden-administration-restrict-imports-chinese-evs-parts-built/ Japan consumers have little interest in EV due to lack of government incentives and infrastructure to support electric vehicles and they prefer hybrid EU has an ongoing anti-subsidy investigation into electric vehicles coming from China.” On Solid State batteries It would appear that Japanese companies hold the most patents Toyota has the largest share of over 1,300 patents while Chinese companies hold less than 100 patents https://electrek.co/2024/02/12/byd-catl-form-chinese-powerhouse-solid-state-ev-batteries/#:~:text=Toyota

10 states with the highest number of people using electric vehicle cars Of course, the province with the highest number of registrations is Bangkok, with 52,751 vehicles, and the province that follows in second place is Chiang Mai, with 3,083 vehicles, and in third place is Chonburi, with 2,392 vehicles. https://www.newsdirectory3.com/analysis-of-electric-vehicle-registrations-in-thailand-and-expansion-of-charging-stations/ Phuket numbers seem low 1,039 cars and Mae Hong Son Province, 1 vehicle

Next roadblock for electric cars: Early adopter era is over https://www.axios.com/2023/08/09/electric-cars-adoption-rates More automakers are being forced to rethink their EV plans https://www.businessinsider.com/automakers-back-to-the-drawing-board-ev-plans-2024-2 https://www.npr.org/2024/02/07/1227707306/ev-electric-vehicles-sales-2024 Interesting times ahead for existing EV owners they have to decide is Tesla friend or Foe At the moment we have seen that when Tesla either has an overstock of EV or are not hitting their sales target their solution is price reduction which then has a knock on effect with over manufacturers Good for new customers not so good for existing EV owners as any price reduction has a knock on effect on the value of their present EV Brands that are choosing to scale back their current production lines mainly to protect their investment/profit margins do protect their existing customer base as there is no sudden drops in value I think anyone that wanted an EV has already purchase one so the next customer range EV will find they are a much harder to buy group compared with the early EV adopters Time will tell

PCP doesn't appear as Fleet What is a fleet vehicle? Fleet vehicles are cars or vans which have been leased or purchased by a company for their employees to use for business purposes, which they can pay for on a monthly basis – a bit like getting a car on finance. https://www.jct600.co.uk/news/fleet-vehicles-explained/#:~:text=Fleet As mentioned brand-new, zero-emission EVs have qualified for a First Year Allowance (FYA), which allows for 100% of the EV cost to be offset against yearly taxable profits. Fleet or Business owners only Toyota hikes annual profit forecast after Q3 beats expectations Hikes full-year profit forecast by about 9% to 4.9 trillion yen Toyota's Q3 operating profit surges almost 76% The improved outlook from the world's best-selling automaker contrasts with a downbeat forecast from many rivals that have warned of tepid sales growth and announced output cuts amid high interest rates and slowing demand for electric vehicles. https://www.reuters.com/business/autos-transportation/toyota-posts-76-jump-q3-operating-profit-2024-02-06/

Toyota US The company did sell 15,000 pure EVs in the U.S. in 2023, but they also sold 40,000 plug-in hybrids and more than 600,000 non-rechargeable hybrids out of total U.S. sales of 2,248,477 vehicles, a 6% increase from 2022 levels https://www.realclearenergy.org/articles/2024/02/13/mr_bean_was_right__and_so_was_toyota_1011632.html I think Toyota is correct when they stated BEV will not get more than 30% share of the total market

Demand for electric vehicles falls in first half of 2023 The share of personal contract hire (PCH) sales enquiries for all electric vehicles (hybrid, plugin and battery) fell from 34.6% in the first-half of 2022 to 22.9% this year. That represented a 33% reduction in personal demand for electric vehicles https://leasingbrokernews.co.uk/demand-for-electric-vehicles-falls-in-first-half-of-2023/ Is Britain facing an EV car finance bombshell? How electric car owners who take out PCP loans risk paying far MORE than vehicle is worth due to collapse of second-hand market Britons spent some £17bn buying new cars in the year ending October 2023 An estimated 80 per cent of these purchases were financed on PCP deals https://www.thisismoney.co.uk/money/cars/article-12841839/PCP-electric-car-EV-finance-bombshell.html It would appear PCP on EV's is not such a good option

It will be interesting to see if there is any price adjustment when they start building them in Thailand around June of this year I think the Ora Good Cat GT Thailand version was B187,000 cheaper than the Chinese version

For years this forum has been comparing Thailand pricing on Thai built cars versus non Thai built cars sold outside Thailand and normally pointing out that cars are so much cheaper in USA and other countries Would we see the growth in BEV in Thailand if the cheapest BEV was B1,225,403 and a Byd Seal starting price was B2.2 million baht Chinese cars imported into the UK are currently subject to tariffs of 10% under World Trade Organisation rules. This is what Britons bought in January 2024: Petrol: 81,905 Battery electric vehicle (BEV): 20,935 Hybrid: 18,744 Plug-in hybrid: 11,944 Diesel: 9348 Demand for electric company cars grew by 42% in January 2024, compared with a 25% slump in private demand for EVs. https://www.carmagazine.co.uk/electric/ev-sales-figures-uk/ At the moment its mainly businesses that are buying expensive EV's the higher the price of the EV the potential is there to pay less tax If you're a business owner, you can also benefit considerably from tax savings on electric cars. Since April 2021, brand-new, zero-emission EVs have qualified for a First Year Allowance (FYA), which allows for 100% of the EV cost to be offset against yearly taxable profits. https://www.connectedkerb.com/stories-and-reports/understanding-electric-vehicle-tax-benefits-in-the-uk-driving-towards-savings/#: So clearly if your a business owner and your accountant informs you that your on the hook to pay £100,000 to HMRC in taxes for profits that your business has produced or if you buy an EV you can reduce that amount to zero assuming the price of the EV is £100,000 or more you can see why business owners are buying EV's According to the SMMT Last year also saw more battery electric vehicle (BEV) sales than the previous two years combined, with 314,687 new cars registered - 50,000 more than in 2022. Still, BEVs comprised just 16.5% of total registrations, marginally lower than 16.6% a year earlier. https://www.reuters.com/world/uk/uk-records-best-year-new-car-sales-since-pandemic-smmt-2024-01-05/#:~:text=Last year also saw more,than 16.6% a year earlier. Bottom line for private buyers EV's are to expensive compared to ICE vehicles hence the declined in EV ownership from private buyers