. In between, though, a reader contributed what might be the most interesting comment of all. Writing the comment under Steve’s article,
I discussed this topic with a local friend, and I found interesting the impact EVs are having on the automotive market overall. The availability of cheap imports from China has triggered a generalized reduction in the prices of cars in the Kingdom. But where the decrement is particularly evident, is in the value of used cars. Depreciation of used cars in Thailand has always been limited , helping customers who wanted to upgrade their daily drive to a more recent vehicle. At present, however, the residual values of used vehicles are usually lower than the outstanding debts owed to the banks.
But exponential growth is one thing. Disrupting pricing in the auto market and essentially chasing some companies out of it in the process is something else.
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