Latest carmaker to scale back its EV ambitions amid slowing sales

[vinny41]

14 minutes ago, ExpatOilWorker said:

The subsidies are not only for imported EVs, but also for domestic produced EVs, right?

Correct while there is sufficient budget to support EV 3.5 for both imported and domestically BEV's

 

[JBChiangRai]

10 hours ago, vinny41 said:

EV 3.5 end date is 31st December 2027 assuming that is still has budget allowances for that date

However, Ekniti confirmed that subsidies for imported EVs will reduce gradually to 75,000 baht per vehicle in 2024 and 50,000 baht in 2027. He said this reduction aims to maintain the momentum of Thailand’s EV industry development.

https://www.nationthailand.com/news/policy/40039499

I suspect they mean B75,000 in 2025

 

I don't think the subsidy has any effect on the price, it's just more profit for the automaker to encourage them to build factories.

 

10 hours ago, ExpatOilWorker said:

1:7, even when including PHEV is solid proof that the EV fantasy is over.

In 2023 it was almost 1:5, so EV's market share globally is falling 😊 😃 😀 😄. 

 

You do post some claptrap, I wonder what it's like living in your alternate reality?

[ExpatOilWorker]

16 minutes ago, JBChiangRai said:

 

I don't think the subsidy has any effect on the price, it's just more profit for the automaker to encourage them to build factories.

 

 

You do post some claptrap, I wonder what it's like living in your alternate reality?

BEV + PHEV had a 18% market share for the entire year in 2023 and then @Bandersnatch kindly informs us that sales had collapscollapsed to 14.8% in July 2024.

Down is the way forward for EVs.

[JBChiangRai]

4 minutes ago, ExpatOilWorker said:

BEV + PHEV had a 18% market share for the entire year in 2023 and then @Bandersnatch kindly informs us that sales had collapscollapsed to 14.8% in July 2024.

Down is the way forward for EVs.

 

Yes of course, that's why for the last 7 months running the EV market share has dropped, oops, it hasn't it's grown.

 

An inconvenient fact.

[ExpatOilWorker]

18 minutes ago, JBChiangRai said:

 

Yes of course, that's why for the last 7 months running the EV market share has dropped, oops, it hasn't it's grown.

 

An inconvenient fact.

Funny how the cherry 🍒 farmer highlighted a month with collapsing EV sales. The EV propaganda machine must be in septic shock 😲 now that EV sales are falling globally. 

[JBChiangRai]

5 minutes ago, ExpatOilWorker said:

Funny how the cherry 🍒 farmer highlighted a month with collapsing EV sales. The EV propaganda machine must be in septic shock 😲 now that EV sales are falling globally. 

 

In 2024, global sales of electric vehicles (EVs) are continuing to rise. The first half of the year saw a significant increase, with sales up by 20% compared to the same period in 2023¹. By the end of May, over 5 million EVs had been sold worldwide¹.

Projections for the entire year suggest that around 16.84 million EVs will be sold, marking a 21% year-over-year growth

 

Electric Vehicle Market Trends: EV Sales and Outlook in H1 2024 | Nasdaq

Global EV Market Analysis 2024—Trends and Forecasts (abiresearch.com)

[vinny41]

56 minutes ago, JBChiangRai said:

 

Yes of course, that's why for the last 7 months running the EV market share has dropped, oops, it hasn't it's grown.

 

An inconvenient fact.

For the period Feb 1st 2024 to 31st July 2024 YOY sales numbers are down -12.07 compared with same period for 2023 for Thailand BEV 

Edited Sunday at 02:42 AM by vinny41
add

[JBChiangRai]

25 minutes ago, vinny41 said:

For the period Feb 1st 2024 to 31st July 2024 YOY sales numbers are down -12.07 compared with same period for 2023 for Thailand BEV 

 

And ICE sales numbers are even worse because EV sales are growing and stealing market share from ICE.

 

You can be economical with the truth Vinny, you do like misleading people.

[vinny41]

10 minutes ago, JBChiangRai said:

 

And ICE sales numbers are even worse because EV sales are growing and stealing market share from ICE.

 

You can be economical with the truth Vinny, you do like misleading people.

It you that is  misleading people and economical with the truth

as you didn't mention that YOY sales in numbers are down - 12.07%

From February 1st 2023 to 31st July 2023 33.844 EV's were registered 

From February 1st 2024 to 31st July 2024  29,758 EV's were registered

33,844 -12.07% = 29,759

In Sales numbers ICE vehicles are selling in numbers that only EV Brands can wish for maybe in 10 years from now

Edited Sunday at 03:20 AM by vinny41
add

[JBChiangRai]

1 minute ago, vinny41 said:

It you that is  misleading people and economical with the truth

as you didn't mention that YOY sales in numbers are down - 12.07%

From February 1st 2023 to 31st July 2023 33.844 EV's were registered 

From February 1st 2024 to 31st July 2024  29,758 EV's were registered

33,844 -12.07% = 29,759

 

Why don't you post the even worse ICE figures demonstrating EV's market share is increasing every month for the last 7 months, go on, what holding you back?

[vinny41]

5 minutes ago, JBChiangRai said:

 

Why don't you post the even worse ICE figures demonstrating EV's market share is increasing every month for the last 7 months, go on, what holding you back?

As you well know before EV ICE had 100% market share now there is more choice available

such as HEV, PHEV, FCEV, and BEV it obvious to everyone that ICE could no longer command 100% market share

Likewise we all know that the EV brands aren't satisfied with sales numbers in Thailand hence price reductions and wanting to amend the terms of EV 3.0 subsidy agreement

[bkknirvana]

EVs are another trap.

 

You won't take your next gene therapy shot for a cold? They will remotely turn your car off.

[josephbloggs]

42 minutes ago, bkknirvana said:

EVs are another trap.

 

You won't take your next gene therapy shot for a cold? They will remotely turn your car off.

Are you a prepper? Or are you just ridiculous?

(Edit: actually they are both the same)

Edited Sunday at 05:28 AM by josephbloggs

[KhunLA]

On 9/11/2024 at 12:11 PM, RocketDog said:

I totally support greener tech and environmental issues and solutions, but EV are simply not the answer.... not yet. Higher initial cost, high maintenance costs, poor battery life and expensive replacements, and limited charging locations are a reality.

2.5 yrs later, and this is what you came back with, even after it's pointed out, all of what you state is wrong, especially in reference to Thailand.

 

... actually same price or cheaper for better specs

... very low maintenance cost

... LFP battery will last longer than the car

... plenty of CSs in TH.  Most people charge at home, and don't go O&A that much to be concerned.  Been around the whole country, a few times, with our BEV, never a problem charging.

 

Experience over hearsay ... 

[bkknirvana]

32 minutes ago, josephbloggs said:

Are you a prepper? Or are you just ridiculous?

(Edit: actually they are both the same)

 

I am an unvaccinated realist.

[josephbloggs]

2 hours ago, bkknirvana said:

 

I am an unvaccinated realist.

Ok, so both then. Fab.