Post by account_disabled on Jan 3, 2024 6:36:41 GMT
The current growth rate of electric vehicles (EV) in ASEAN is 4%. It is expected to accelerate 5 times to reach 20% by 2025, with sales equivalent to internal combustion engine vehicles (ICEV) by 2030 and exceeding sales. ICEV From 2035 onwards, Thailand, Indonesia, and Singapore lead the way in pro-EV policies, while Malaysia and the Philippines continue to lag behind. To capitalize on the coming EV trend, ASEAN should attract EV investment from China and become a potential EV partner. KUALA LUMPUR – Maybank Kim Eng Research (“MKE Research”) has released its latest analysis report stating that electric vehicles (EVs) are set to reach sales volumes comparable to internal combustion engine vehicles (ICEVs) in ASEAN by 2030 and surpass ICEVs. From 2035 onwards The growth of electric vehicles in ASEAN is 4% in 2020. However, with the market for 4-wheel drive (4W) at 40 million vehicles and 2-wheel drive (2W) at 220 million vehicles, respectively,
The expected that EVs will Grow 5 times to 20% by 2025, with Thailand, Indonesia and Phone Number List largest 4W markets in ASEAN. In terms of sales It holds 75% of the market share while also being a manufacturing center in ASEAN. In the 2W group, Thailand, Vietnam, Indonesia and Malaysia have a market share of up to 99% in terms of sales. Liaw Thong Jung, Deputy Director of Research at Maybank Kim Eng Malaysia, said, “Thailand, Indonesia and Singapore continue to lead. Group page In terms of developing EV-friendly policies, on the other hand, Malaysian consumers are quite price sensitive. and popular national cars While Filipinos prefer motorcycles. The fuel subsidies in these two countries also contribute to consumers' preference for cars that use internal combustion engines. and in the ASEAN region We expect 2W powered cars to come out faster than the 4W segment,
Consumer preferences For a lifestyle that emphasizes clean energy and is environmentally friendly. Including government policies, however, the automotive market in ASEAN still places great importance on ICEVs because the use of EVs is still in its infancy. With an expansion rate of less than 1% at this time. Singapore : We view Singapore as the most forward-looking and fastest country to embrace e-mobility, with the country committing to phase out ICEV production by 2040. Thai : Thailand is accelerating EV adoption, shortening the forecast period. (domestic production and use) 5 years faster than previously forecast. It aims to be the center of EV production in ASEAN by 2025. Indonesia : Indonesia has a clear EV policy and is FDI supporting EVs, with the country emphasizing its intention to phase out ICEV production by 2035,
The expected that EVs will Grow 5 times to 20% by 2025, with Thailand, Indonesia and Phone Number List largest 4W markets in ASEAN. In terms of sales It holds 75% of the market share while also being a manufacturing center in ASEAN. In the 2W group, Thailand, Vietnam, Indonesia and Malaysia have a market share of up to 99% in terms of sales. Liaw Thong Jung, Deputy Director of Research at Maybank Kim Eng Malaysia, said, “Thailand, Indonesia and Singapore continue to lead. Group page In terms of developing EV-friendly policies, on the other hand, Malaysian consumers are quite price sensitive. and popular national cars While Filipinos prefer motorcycles. The fuel subsidies in these two countries also contribute to consumers' preference for cars that use internal combustion engines. and in the ASEAN region We expect 2W powered cars to come out faster than the 4W segment,
Consumer preferences For a lifestyle that emphasizes clean energy and is environmentally friendly. Including government policies, however, the automotive market in ASEAN still places great importance on ICEVs because the use of EVs is still in its infancy. With an expansion rate of less than 1% at this time. Singapore : We view Singapore as the most forward-looking and fastest country to embrace e-mobility, with the country committing to phase out ICEV production by 2040. Thai : Thailand is accelerating EV adoption, shortening the forecast period. (domestic production and use) 5 years faster than previously forecast. It aims to be the center of EV production in ASEAN by 2025. Indonesia : Indonesia has a clear EV policy and is FDI supporting EVs, with the country emphasizing its intention to phase out ICEV production by 2035,