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Thursday, May 2, 2024

Bangkok Post – EV seizures set to increase

Visitors examine a car at last year’s Motor Expo. (Photo: Pattarapong Chatpattarasill)

Concerns over non-performing loans (NPLs) in the automotive industry have expanded to the electric vehicle (EV) segment as some buyers may not be able to pay instalments for their EV, amid a rapid sales increase.

This group of buyers is often referred to as “new-generation people” whose financial status is not strong, said Pinyo Tanawatcharaporn, former president of the Association…

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