vinny41

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%.

Fuel and Oil filters I accept engine oil I don't consider a part neither do I consider anti-freeze as a part

There plenty of 100 year old ICE vehicles on the road, I owned a 20 year old Toyota never needed any parts replacing other than wiper blades tires and 12V battery you will have to wait a very long time to see if there are 100 year old EV's on road with their original parts

My point is that some of the EV Experts on this forum seem to forget without petrochemicals there would be no EV's and I don't know of any EV's that can start without a battery

The majority of ev's parts are made from petrochemicals

The other issue for older EV's is insurance If you unlucky and the battery needs replacing due to an accident new insurance rules kick in from January 2024 Battery life not exceeding 4 years, 70% of the battery price will be paid from the vendor. Battery life up to 5 years, 60% of the battery price will be paid from the vendor. Battery life exceeding 5 years will pay a 50% battery compensation charge against the battery price from the vendor. https://www.amarintv.com/spotlight/business-marketing/detail/56923 So if EV is over 5 years old insurance will pay 50% battery compensation charge the owner has to stump up the other 50%

I think your the only idiot on this thread lots of changes have happen within the thai economy since the previous government announced those planned target numbers for 2025 2030 2035 Hence why I said slippage will happen to those target numbers

Your living in a fantasy world if you believe that 457,884 EV's will be sold in 2024 and what the journalist wrote about EV sales in 2023 compared to ICE sales in 2023 was completely correct market share of EV's in Thailand is still small compared to ICE sales in 2023 and totally number of vehicles on the road

The author doesn't work for a think tank she is a financial journalist https://stocknews.com/authors/?author=namrata-senchanda&pg=2 When people talked about % is does depend on the starting base line If I was to offer you a return of 600% based on an investment of Baht 1 that means the return of your investment would be Baht 6 plus your initial investment of Baht 1 totaling 7 baht In 2020 1,056 Ev's were sold in 2021 1,935 ev's were sold in 2022 9,729 EV's were sold and in 2023 76,314 were sold total number for the period 2020-2023 total 89,034 In March 2021 the Government publish target figures for 2025 2030 and 2035 For 2025 the target figure for EV's cars/pickup trucks in use is 402,000 target figure for BEV motorcycles is 622,000 and for buses and trucks 31,000 They also published target figures for local production of all of the above EV's types of vehicles If we assume the 2025 2030 2035 are all December dates If we look at the December 2025 Target figures for cars/pickup trucks of 402,000 in use than means during the 2024-2025 period a total of 312,966 need to be sold if we look at the total number of sales for 2023 of 76,314 and if double that number were sold in 2024 152,628 than means to reach the target of 402,000 that the number of ev's sold in 2025 would need to be 160,338 Problem is since those target figures were published multiple things have changed that will result in those targets unlikely to be met and will result in slippage on those target numbers https://www.thaiauto.or.th/2020/news/?news_id=4981

Wrong I never posted anything that your quoting

CEO Ola Kaellenius cautioned towards the end of last year that even in Europe, sales would likely not be all-electric by 2030, with battery-powered cars currently making up just 11% of total sales, and 19% including hybrids. https://www.reuters.com/business/autos-transportation/mercedes-benz-hits-cars-returns-forecast-inflation-supply-chain-costs-bite-2024-02-22/

I think they are waiting for all their competitors to announce their prices before release their prices They have been offering discounts in China with the entry model (155km range) starting at 5,250 USD (B189,052) https://carnewschina.com/2024/03/01/now-one-of-chinas-cheapest-cars-the-changan-lumin-gets-a-discount-and-6-1-seconds-acceleration/

And in my opinion its you that is wrong and you should provide evidence to support your claim that the author is biased just you posting on this forum is not evidence that she is biased you don't seem to understand 2035 is a target date not set it stone and can be changed if required just like when the UK pushed back from 2030 to 2035 for Petrol and Diesel while Hybrid remains unchanged at the moment as that was always 2035 2030 dates were set before Covid if there are further key worldwide components shortages that will push back the 2035 dates The plan to ban new diesel and petrol cars was initially set to begin in 2040 by the then environmental secretary. The initiative was later brought forward to 2030, and then ultimately delayed to 2035. Sales of hybrid vehicles will also be banned from this date. https://pod-point.com/guides/2035-diesel-and-petrol-car-ban-in-the-uk-everything-you-need-to-know#:~:text=The plan to ban new,be banned from this date.

On certain routes it's well known that trucks or cars full to the brim with drugs will attempt to evade or ignore checkpoints and make a run for it normally shootouts will take place

it was clearly stated in the article by this guy we believe that the Thai government will most likely miss its 1.123 million zero-emission vehicles target by 2030,” says Hirotaka Uchida, Head of Arthur D. Little Thailand, Automotive and Manufacturing in Southeast Asia Pacific. Normally as a rule Most Government's incurred slippage when they try to enforce a target that the majority of the public are not signed up to Every country adopts measures to protect their own local auto manufacturing base hence any country that wants to export cars to Thailand with the exception of China is subject to import tariffs on between 40-80%

I think that wouldn't happen as well as cars Thailand is a major manufacturer of trucks and other commercial vehicles Most countries now have a local content requirement for imports If they don't achieve the 40% local content will be very difficult to export EV's According to a local newspaper, the Thai National Shippers’ Council (TNSC) supports the government’s stance towards a buoyant ICE automotive industry. TNSC chairman Chaichan Chareonsuk said that the value addition of EVs to local manufacturers is only 34%, while for ICE vehicles the value addition of 53%. But, to reach its 30@30 goals, Thailand still has a long way to go. “Based on the current market situation and expected future movements, we believe that the Thai government will most likely miss its 1.123 million zero-emission vehicles target by 2030,” says Hirotaka Uchida, Head of Arthur D. Little Thailand, Automotive and Manufacturing in Southeast Asia Pacific. https://asiafundmanagers.com/us/policy-focus-on-ice-vehicles-to-slowdown-thailands-ev-adoption/