EV loan demand set to rise amid spiking oil pricesA consumer explores electric scooters and motorcycles on sale at a Samut Prakan outlet, looking for an affordable alternative amid rising fuel costs. Banks expect stronger growth for electric vehicle (EV) loans this year, driven by improving demand in the auto segment amid rising oil prices. During the first two months of this year, EV loan approvals represented 30% of total new car loan bookings, said bank president Thakorn Piyapan. "We expect EV loan growth of 3-4% in terms of new loan bookings this year, up from our earlier target of 1%. The bank is considering adjusting its auto loan strategies to align with demand in the EV segment," said Mr Kampol.

Source: Bangkok Post March 31, 2026 07:26 UTC