How to deliver S-E Asia's electric-vehicle future
In China, Europe and the US, electric passenger cars led the change. In South-east Asia, other classes of vehicles are likely to do so
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IF THERE is a region that could use a mobility revolution, it is South-east Asia. Much of the area grapples with persistent congestion, expanding environmental concerns and surging oil demand to serve transit needs.
Electric vehicles could help make a dramatic change. Consider that in 2018, 1.1 per cent of all new passenger cars sold in Europe were battery electric vehicles. This number is expected to grow to around 28 per cent of light vehicle sales by 2030, says a Bain analysis. Yet, seeing an electric vehicle on the streets of Singapore or Thailand is rare.
Undoubtedly, the economy supporting electrification, mobility, charging and other services in South-east Asia will be huge.
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