As Thailand’s EV adoption grows, its automotive market wrestles with aftershocks
China EVs have brought price wars, consumer uncertainty and infrastructure concerns
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[SINGAPORE] Imagine buying a car only to see the price slashed by 30 per cent months later.
That is the conundrum that Thailand’s consumers are facing.
China’s electric vehicles (EVs) are commanding an increasing share of the kingdom’s market by offering new technologies at low prices – growing their slice of the pie even as Thailand’s automotive market shrinks amid high household debt, tighter credit lines and macroeconomic headwinds.
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