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ttb drive reports 133% growth in new BEV loans

ttb drive reports 133% growth in new BEV loans

MGR Online•Economy•45m ago

Reader Briefing

ttb drive reports a 133% increase in new BEV loans during the first nine months of 2026.

  • •New BEV loans at ttb drive grew by 133% from the previous year between January 2026 and September 2026.
  • •BEV loans accounted for 44% of all loan approvals for ttb drive during this period.
  • •New car sales in 2026 are expected to be approximately 670,000 – 700,000 units.
  • •An excise tax increase to 35% for certain imported EVs will take effect on January 1, 2027.

Overview

  • •ttb drive saw new BEV loan growth of 133% between January 2026 and September 2026, exceeding the market growth rate of 99%.
  • •The proportion of EV registrations, including HEV, PHEV, and BEV, is projected to increase from 6% in 2021 to 61% in 2026.
  • •ttb drive developed loan innovations and approval processes using data and technology to enable faster, document-free approvals.
  • •Chatcharit Tangthekingkiat identified two future challenges: a tax increase on January 1, 2027, and the emergence of the used EV market.
  • •Approximately 279,000 EVs aged 3 years or older are expected, with 10,000 – 25,000 units potentially entering the used car market.
  • •ttb drive launched ttb Bluebook as a price reference tool covering over 36 brands and 900 models to support the used EV ecosystem.
  • •ttb provides new car loans with effective interest rates of 5.21-10.00% per year and used car loans at 7.48-15.00% per year.
  • •Chatcharit Tangthekingkiat stated that ttb drive aims to help customers achieve a better financial life under the goal Make REAL Change.

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Key Quotes

Chatcharit Tangthekingkiat
"ttb drive does not view our role as merely an electric vehicle lender, but wants to be a leader that helps drive the EV market in Thailand to grow qualitatively and sustainably."
ทีทีบีไดรฟ์ ไม่ได้มองบทบาทของเราเป็นเพียงผู้ปล่อยสินเชื่อรถยนต์ไฟฟ้า แต่ต้องการเป็นผู้นำที่ช่วยผลักดันให้ตลาดรถยนต์ EV ในประเทศไทยเติบโตได้อย่างมีคุณภาพและยั่งยืน

Key Entities

Person

Chatcharit Tangthekingkiat(ชัชฤทธิ์ ตั้งเถกิงเกียรติ์)
President of the Automotive Loan Group at ttb.

Organization

ttb drive(ทีทีบีไดรฟ์)
An automotive loan business leader providing financing for new and used vehicles including EVs.
ttb(ทีทีบี)
The banking institution offering automotive loans and financial solutions.
Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️
The entity that established Responsible Lending guidelines for loan management.