Financial experts warn of significant repercussions on the financing and insurance sectors in loans granted to fund imported Chinese electric cars, given recent developments in the market. Experts estimated the financing volume for electric cars at approximately 700 million dinars in 2023, affirming that prices have significantly decreased due to intense competition among manufacturing companies, potentially leading to financial difficulties for borrowers who may find themselves unable to bear loan costs.

Jihad Abu Nasr, representing the vehicle sector at the Free Zones Investors Commission in Jordan, clarified that this natural price decline is attributed to fierce competition from Chinese companies offering competitively priced cars, reflecting global developments in this field. 

Similarly, electric cars have witnessed a surge in demand in Jordan, with the number of electric cars cleared reaching over 9,000 vehicles this year, while clearance operations for gasoline cars have declined. 

In light of these developments, experts emphasize the urgent need for intervention by relevant authorities, particularly concerning the financing and insurance sectors. This intervention aims to comprehensively assess the situation and implement necessary measures to ensure market stability and protect the interests of citizens and companies.