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ttb BEV Loans Grow 133% in 9 Months

ttb BEV Loans Grow 133% in 9 Months

Prachachat•Economy•54m ago

Reader Briefing

TMBThanachart Bank reports a 133% growth in Battery Electric Vehicle (BEV) loans over the first nine months of the year.

  • •TMBThanachart Bank has provided loans for over 60,000 BEV units, capturing at least one-fourth of the EV loan market share.
  • •EV loan requests in Q4 are expected to grow 30-40% due to a planned 35% import tax increase effective January 1, 2027, and the Motor Expo.
  • •TMBThanachart Bank aims to increase the proportion of new BEV customers to 50% by the year 2027.
  • •The bank has supported the EV ecosystem with total credit facilities exceeding 83,000 million baht.

Overview

  • •TMBThanachart Bank's new BEV loans grew 133% in the first 9 months, with 44% of new loan applicants being BEV customers.
  • •An increase in the excise tax on imported completely built-up (CBU) electric vehicles to 35% effective January 1, 2027, is acting as a catalyst for consumer purchases in the final two months of the year.
  • •Domestic new car sales in 2026 are forecast to close at 670,000-700,000 units, representing 10-13% growth.
  • •Chatcharit Tangthekinkiat noted that TMBThanachart Bank has found almost no non-performing loans (NPLs) for EV cars over the past 2-3 years.
  • •TMBThanachart Bank implemented Data Analytics and Credit Scoring via the ttb touch application, resulting in no-document approvals for 58% of cases.
  • •Current outstanding loans at TMBThanachart Bank total 300-400 billion baht, with BEV loans accounting for approximately 65 billion baht.
  • •By the year 2027, it is estimated that 250,000-279,000 EVs will be over 3 years old, potentially pushing 10,000-25,000 units into the second-hand market annually.
  • •TMBThanachart Bank launched the ttb Bluebook as a reference price for over 36 EV brands and 900 models to support the EV Used Car Ecosystem.

Full article content is available on the original source.

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Source: Prachachat (Original)

Key Quotes

Chatcharit Tangthekinkiat
"If we talk about 5 EV cars driving past us, at least one and a half must be TTB cars, not less than 1 in 4 of EVs."
ถ้าเราพูดถึงรถ EV วิ่งผ่านหน้าเรา 5 คัน ต้องเป็นรถ TTB อย่างน้อยคันครึ่ง ไม่ต่ำกว่า 1 ใน 4 ของ EV
Chatcharit Tangthekinkiat
"The EV market has emerged; the next step is how to make it grow. The EV market is easy to start, but hard to grow."
ตลาด EV มันเกิดแล้ว ก้าวต่อไปคือทำไงให้มันโต ตลาด EV เกิดง่าย แต่โตยาก

Key Entities

Person

Chatcharit Tangthekinkiat(ชัชฤทธิ์ ตั้งเถกิงเกียรติ์)
Head of the Auto Loan Group at TMBThanachart Bank.

Organization

TMBThanachart Bank(ธนาคารทหารไทยธนชาต)ℹ️
A bank that provides BEV loans and manages the ttb DRIVE and ttb touch services.
ttb
An abbreviated name for TMBThanachart Bank.