Raft of issues hindering EV industry

Quick Summary:

Sluggish domestic car sales could have a negative impact on the country's fledging electric vehicle (EV) industry, despite an upward trend in EV usage.

But as car sales in the country sagged, leading to a drop in car manufacturing during the first half of 2024, the club downgraded its output target.

While lower prices is good news for buyers, it could have a negative impact on sellers if prices are reduced for a price war, according to manufacturers.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaVietnam

Topics: Units Target Price Manufacturers Thailand Surapong Year Production Sales Prices Industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 06:04:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1153 words

Reading Time: 7 minutes read

Sentences: 51 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23642249

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 8 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 3 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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