vinny41

Electric vehicle market faces risk from non-performing loans “The association expects to see EV seizures increase in the second half of this year.” Pinyo further explained that if these seized EVs were to be sold in the second-hand car market, it’s unlikely that financial institutions would provide loan schemes for potential buyers of used EVs. The lack of confidence in granting loans in the second-hand EV market stems from the market’s expected small size and the continued fluctuation in new EV prices, making it difficult for banks to calculate the value of used EVs, said Pinyo. https://thethaiger.com/news/business/electric-vehicle-market-faces-risk-from-non-performing-loans I am not sure I would call it a thriving second hand market as these finance institutions will sell for whatever they can get and then go after the original buyer for the outstanding balance

Was that a Panasonic Professional Display model starting with TH Panasonic Professional went through a period of asking their engineers to design monitors without cost restraints placed on them all models were designed without a built in tuner early models around 2000 started at approx £6,000 for 42" models

Perfect in your eyes could be horrible to some one else eyes

You have overlooked the Price of PHEV in Thailand PHEV is never going to be a huge seller in Thailand it is a niche product which is expensive, cheapest PHEV at the moment is Haval H6 and MG at B1.4 million Cheapest HEV price starts around B789K Petrol PHEV total registrations for 2023 11,495 Diesel PHEV total registrations for 2023 208 HEV total registrations for 2023 85,022

PHEV is never going to be a huge seller in Thailand it is a niche product which is expensive, cheapest PHEV at the moment is Haval H6 and MG at B1.4 million And GWM are not happy selling at that price they want to put the price back to B1.7M Depending on how often and how far you drive on electric mode, you may not save much fuel or emissions compared to a regular hybrid. PHEVs also have heavier batteries that add weight and reduce cargo space. The main drawback is twice the powertrains - twice the costs, complexity & confusion If climate change is the main reason for BEV then a halfway house is HEV which reduces emissions

At the moment HEV is the 3rd most popular fuel choice after petrol and diesel It will be interesting to see if BEV overtakes HEV to be come the 3rd most most popular fuel choice after petrol and diesel

For RY1 figures are 4,722 For RY3 figures are 21 For RY6 figures are 247 For RY9 figures are 1 For RY10 figures are 13 Total 5,004

Some people would call it out as selected cherry picking or Spin Remember Alastair Campbell had Iraq dossier changed to fit US claims https://www.theguardian.com/uk/2010/jan/10/alastair-campbell-iraq-dossier-inquiry

It would be useful to include HEV figures in your chart 2024 registrations figures to the end of March are Total BEV 22,332 Total HEV 38,100

Ford CEO stated Chinese auto giant BYD 's Seagull small electric vehicle, he said, has about $9,000 in material costs, and it will probably cost the company another $2,000 to meet crash test standards, for a total cost of around $11,000. It has a range of about 150 miles in cold weather, “not a fantastic vehicle, but pretty damn good.” https://www.detroitnews.com/story/business/autos/ford/2024/02/15/ford-ceo-says-company-will-rethink-where-it-builds-vehicles-after-last-years-autoworkers-strike/72612953007/ It seems selective quoting I wondered why they didn't include "not a fantastic vehicle" in their quoted article

I think you need to post your current LG model number there are many different types of TV and if you go by screen size alone you may end up with a new TV that has a worse picture quality than your 6 year old current model

Thanks for the detailed explanation DLT updated their website late yesterday with a new spreadsheet named Fuel_NewCar_Mar67 using the RY1 ,RY3, RY6, RY9, and RY10 categories. the total number of BEV registered in March was 5,004 DLT also make corrections to Fuel_NewCar_2023 where autolifethailand showed 76,314 BEV and using the RY1 ,RY3, RY6, RY9, and RY10 categories. DLT is showing an extra 39 BEV vehicles 2023 shows little interest in PHEV Diesel PHEV 208 registered in 2023 Petrol PHEV 11,495 registered in 2023 HEV are the 3rd most popular fuel choice after petrol and diesel with 84,229 registrations in 2023

Good Luck with trying to get a price reduction protection I am aware of some auto manufacturer offering a price increase protection but never price reduction protection Personally I think the EV industry needs to look at other solutions to generate sales such as buying up insurance companies and offering 3-4 year insurance or buying up banks and offering 0% interest over 60 or 72 months Currently some brands if they offer 0% interest rate its normally for a max term of 48 months When Chevrolet offered 50% discount as part of their exit strategy they weren't concerned about their existing Thai customer based loyalty or about the reduction in values of their customers vehicles in Thailand I am sure at the moment finance and banks are ultra cautious about finance on EV's They take a very negative attitude against lending against a product that might be B250,000 less next month as the customer could end up with negative equity on the finance agreement And of course price reduction protection can work against customers Would you have sold your daughter MG EP+ if the buyer insisted on a price reduction protection clause in the event that MG reduce the price of the MG EP+, I suspect you would have told the buyer to take an hike

No one knows the March 2024 sales figures yet as they only appear in the DLT registrations data 4 weeks later so January registrations are December sales, February registrations are January sales and March registrations are February sales figures

I can't see any brand car dealership offering a 12 months price protection I can't see any auto manufacturer offering a 12 months price protection I know when Toyota 1st started selling hybrid and buyers were cautious about buying hybrid they did introduce Guaranteed Future Value so after 4-5 years they would buy the vehicle back at agreed price subject to a number of conditions for starters most brand car dealership's are franchise's and they have no control over the price of the vehicle as that it set by the manufacturer When you purchase a car your contract is with the dealer, not the manufacturer the manufacturer may intervene on your behalf to resolve an issue that you may have with the dealership but they wouldn't get involved in pricing or price protection guarantees

I must admit I don't really understand why modular batteries aren't used in more models For yourself if you see battery degradation in one module you can make the choice accept the reduce range or replace the faulty module

This website https://web.dlt.go.th/statistics/ is the DLT which is the same source that autolifethailand is using except for their figures that are taking R.Y.1 Private passenger car with no more than 7 people plus R.Y.6 Vehicles for hire carrying no more than 7 passengers plus an unknown vehicle class or classes as there is 11 vehicles missing Someone asked me once do I believe everything that journalist writes it does help when you understand how they are producing figures

I have seen reports of MG ZS EV battery module being available for B75K I think the total number of battery modules are 6 There is a company in Canada selling EX30 battery modules for B315,489 https://www.volvocarstorontoparts.ca/p/Volvo__EX30/Cell-Modules--High-Voltage-Battery-Outer-CELL-MODULE--EXCH/133967523/36012112.html

February 2024 registrations January Sales Total number of R.Y.1 Private passenger car with no more than 7 people 48,774 all fuel types Total number of R.Y.1 Private passenger car with no more than 7 people EVs 3,530 approx market share 7.3% https://web.dlt.go.th/statistics/

Your wallet has been open and still open for many years by the petrol conglomerates with petrochemicals by product if you want to stick one up on the petrol conglomerates see if you can buy Fred Flintstone car similar to this one https://www.dailyrecord.co.uk/news/local-news/yabba-dabba-shotts-man-puts-7654559

Everyone knows Shell fuel prices are higher than any other Brand Everywhere else Diesel B29.94 per litre https://www.bangchak.co.th/en/oilprice/historical

Debt levels are the largest hurdle that is preventing people from buying new cars 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 Thailand's household debt in the third quarter of 2023 came in at 16.2 trillion baht, marking a 3.3% year-on-year increase and accounting for 90.9% of the country’s gross domestic product (GDP). https://www.nationthailand.com/thailand/economy/40036098 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/ It expected there will be a number of repossessed EV's going to auction in 2024 and will be sold for firesale prices cash buyers only

A somewhat misleading post as the price of E91 over the past 8 years has ranged from lowest B16.68 in April 2020 to current high of B40.18 if we apply the lowest figure of B16.68 for the years of ownership of your ICE MG ZS you get a different calculation https://www.bangchak.co.th/en/oilprice/historical?year=2020

These are February car sales data as it is registration data and normally takes 4 weeks to go from sales data to to enter the registrations as for the relentless growth of EVs here replace ICE cars you qualify for a job with tat with approx 12 million ice cars on the road

Background Article This Is The Highest Mileage Electric Car In The World A German man has driven his 2014 Tesla Model S over one million miles across the world. https://www.topspeed.com/highest-mileage-electric-car-in-the-world/ The Tesla just needs to do another 2,828,032 km to catch up to this Volvo P1800 Here’s A Close Look At Gordon's Volvo P1800 With Three Million Miles https://www.motor1.com/news/529418/gordon-volvo-p1800-close-look/