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EV boom drives ASEAN car sales in Q2, with Indonesia surging 34%
['Nikkei Asia']
KrASIA
EV sales, meanwhile, surged 106% to 26,192 vehicles in the first half, overtaking hybrid sales of 25,590 for the first time.
Combined EV and hybrid sales rose 69% to 51,782 vehicles and accounted for 13.4% of total sales, up from 8.2% a year earlier.
Nevertheless, the government is betting that stronger EV demand can eventually be translated into local manufacturing.
And Singapore offers a glimpse of what a mature EV market in Southeast Asia could look like.
As EV adoption gains momentum, countries are increasingly looking beyond vehicle sales and toward manufacturing, supply chains and jobs.