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ASEAN EV Ecosystem Series: Committed Towards Building a Regional EV Ecosystem

681 Views04 Jul 2023 16:09
SUMMARY
  • EV adoption in the ASEAN is very low compared to developed markets including the US, the Europe and China due to higher ASPs and lack of logistics, maintenance and repair.
  • However, there has been a rapid growth in EV related investment in the region recently, focusing on developing domestic EV markets to make them more affordable while conserving the environment.
  • The governments have put forward several incentives such as government funding, tax incentives to buy EVs, while introducing measures to discourage the use of ICE vehicles.
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Shifara Samsudeen, ACMA, CGMA
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