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Wednesday, May 1, 2024

Bangkok Post – EV sales expected to miss target

Price wars destabilise the sector

Visitors browse the latest car models, including EVs, at the Bangkok International Motor Show that ended earlier this month. EV sales are expected to increase this year, but at a slower pace. (Photo: Pattarapong Chatpattarasill)

Electric vehicle sales in Thailand are expected to miss the estimate of 130,000 units this year as prices are likely to keep changing, attributed to a price war among Chinese EV makers, says Hyundai Mobility Thailand, a subsidiary of the Korean automaker.

“The price war is an obstacle in the EV market as it causes…

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