Bangkok (VNA), April 19 -- Electric vehicle (EV) sales in Thailand may fail to reach the estimate of 130,000 units this year as prices are likely to keep changing, according to Hyundai Mobility Thailand .

The price war is an obstacle in the EV market as it causes unstable car prices, making buyers hesitant, said Wallop Chalermvongsavej, managing director of the subsidiary of the Republic of Korea's automaker Hyundai.

The price war in the Thai market started last year when some Chinese firms cut EV prices to draw customers as competition intensified. Some Chinese automakers also wanted to clear stocks so they reduced prices, Wallop said.

He noted the unstable prices are not good for the EV industry because they do not reflect real deman...