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Surprised no reaction from BYD owners on this forum


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1 hour ago, josephbloggs said:

spent close to 40k on an iPhone 14 ProMax about 18 months ago (I think). I still don't like it and wouldn't buy it again.

 

Just changed from Apple to Samsung, which meant changing Phone + Watch plus the same for the wife!

 

Got a good trade in on the iPhones from Samsung - wonder why 😉

 

20241010_100803.thumb.jpg.a6c24041f9a6aa0f84701e20706ac52a.jpg

 

 

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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

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18 hours ago, brfsa2 said:

Yep, most EVs from Korea are still expensive here. They are really good thou... I really love The Hyundai IONIQ 5, that would be my next car. I just love cars that the driver can enter from either side and doesn't have that bulky center consoles blocking my long legs 🤣 

no money for the IONIQ 5 N, but that car is a serious beast ! 

 

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

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To get a real time depreication on vehicles, just look at the Hybrid Mercedes and compaire the same class be it S, E or C and look at the difference in price between that and a naturally aspirated vehicle of the same year, even hybrids depericate way quicker than a petrol/deisel of the same model and year, so the plug ins of course will be even quicker to depreicate.

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To get a real time depreication on vehicles, just look at the Hybrid Mercedes and compaire the same class be it S, E or C and look at the difference in price between that and a naturally aspirated vehicle of the same year, even hybrids depericate way quicker than a petrol/deisel of the same model and year, so the plug ins of course will be even quicker to depreicate.

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3 minutes ago, kuzie57 said:

To get a real time depreication on vehicles, just look at the Hybrid Mercedes and compaire the same class be it S, E or C and look at the difference in price between that and a naturally aspirated vehicle of the same year, even hybrids depericate way quicker than a petrol/deisel of the same model and year, so the plug ins of course will be even quicker to depreicate.

 

Please show the data, without it these are just assumptions

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7 minutes ago, kuzie57 said:

To get a real time depreication on vehicles, just look at the Hybrid Mercedes and compaire the same class be it S, E or C and look at the difference in price between that and a naturally aspirated vehicle of the same year, even hybrids depericate way quicker than a petrol/deisel of the same model and year, so the plug ins of course will be even quicker to depreicate.

You're not going tO get a 'real time depreciation, till the price war settles, and still maybe not, due to improved or new tech coming the next 5-10 years.   Look what has progress in just the last 5 years.

 

Now LFP is the standard, unless performance or LR is wanted.  Got to be 3 or more types of batteries in development now, that we'll see in the next 5 years.

 

But fossil fuel isn't and won't be progressing, now or in the future.  H2 for long haul trucking, and that's a stretch.

 

If people are worried about depreciation when buying a new car, simple solution ....

... DON'T :coffee1:

Edited by KhunLA
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On 10/8/2024 at 8:43 PM, CallumWK said:

 

How you know, do you have a 15 year old EV?

It’s a well known fact that the BYD batteries are some of the best quality on the market. This I do know. 

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41 minutes ago, KhunLA said:

You're not going tO get a 'real time depreciation, till the price war settles, and still maybe not, due to improved or new tech coming the next 5-10 years.   Look what has progress in just the last 5 years.

 

Now LFP is the standard, unless performance or LR is wanted.  Got to be 3 or more types of batteries in development now, that we'll see in the next 5 years.

 

But fossil fuel isn't and won't be progressing, now or in the future.  H2 for long haul trucking, and that's a stretch.

 

If people are worried about depreciation when buying a new car, simple solution ....

... DON'T :coffee1:

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

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On 10/8/2024 at 4:32 PM, OneMoreFarang said:

Maybe, maybe they will last many years. But who wants to bet on that?

Who wants to buy a vehicle where the battery is maybe good for another 5 or 10 years, but maybe it is gone in two years, and then a replacement would cost more than the price of the second-hand car now.

With normal cars, people have decades of experience how they will last and about retail values. With EVs, no experience, big risk. 

They are not going to get my money for one that is for sure. I agree the EV's are a major risk as a purchase.

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3 hours ago, Bandersnatch said:

 

Just changed from Apple to Samsung, which meant changing Phone + Watch plus the same for the wife!

 

Got a good trade in on the iPhones from Samsung - wonder why 😉

 

20241010_100803.thumb.jpg.a6c24041f9a6aa0f84701e20706ac52a.jpg

 

 

You have made a great choice in switching to Samsung. As you say what does Apple give you for the price? I would say not a lot. You have to use their system for everything including uploading music etc.

I had an Apple phone long time ago, it was company supply, but hated it and would never buy one. Over priced and far, far too restrictive as to what you can do to the phone you paid a fortune for.

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34 minutes ago, vinny41 said:

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

 

Another hub?

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