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ttb EV Loans Grow 133% in 2026, Warns of 2027 Slowdown

ttb EV Loans Grow 133% in 2026, Warns of 2027 Slowdown

MGR Online•Economy•39m ago

Reader Briefing

ttb reports a 133% growth in electric vehicle loans for 2026 while warning of potential market slowdown in 2027.

  • •ttb EV loans grew 133% in 2026, reaching approximately 60,000 accounts.
  • •ttb expects the EV market in 2027 to face pressure from taxes and early purchasing behavior in late 2026.
  • •ttb is developing a central price database for used EVs to standardize loan assessments.

Overview

  • •ttb reported EV loan growth of 133% in 2026, totaling approximately 60,000 accounts, which exceeded the company's target.
  • •ttb states that loan quality remains strong because most customers provided average down payments of 20% or more.
  • •ttb predicts that EV demand in early 2027 may slow down because consumers may accelerate purchases in late 2026 to utilize benefits before measures change.
  • •ttb views investment by Chinese EV manufacturers in Thailand as an opportunity to increase market efficiency and consumer choice.
  • •ttb is developing a central price database for used EVs by collaborating with used car dealers and insurance companies.
  • •Chatcharit Tangtekginkiat states that ttb will maintain its new car loan market share at a similar level for its 2027 business strategy.
  • •ttb will monitor the details and clarity of government policies, including quotas and support measures, before determining its business direction.

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Key Entities

Organization

ttb(ทีทีบี)
A financial institution providing electric vehicle loans and developing used EV price standards.

Person

Chatcharit Tangtekginkiat(ชัชฤทธิ์ ตั้งเถกิงเกียรติ์)
The Head of Auto Loan Group at ttb.

Place

Thailand(ไทย)ℹ️
The country where Chinese EV manufacturers are investing and where ttb operates.