Dublin, Dec. 27, 2022 (GLOBE NEWSWIRE) — The “Research Report on Southeast Asia Electric Vehicle Industry 2023-2032” report has been added to ResearchAndMarkets.com’s offering.
An electric vehicle is a vehicle that uses electrical energy to power its passage. It is a new energy vehicle and is subdivided into battery electric vehicles (BEVs), hybrid electric vehicles (HEVs) and fuel cell vehicles (FCEVs) according to the power source.
Southeast Asia’s electricity is currently highly dependent on thermal power, with the proportion of thermal power accounting for about 80%. For Southeast Asian countries, the promotion of electric vehicles is conducive to reducing carbon emissions and environmental pollution. Coupled with the generally low per capita car ownership in Southeast Asian countries, the priority development of electric vehicles has become the choice of many countries.
According to the publisher’s analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021.
The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021. The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.
South Korea’s Hyundai Motor’s newly built electric car auto plant in Indonesia has started official production in 2022. Swedish car brand Volvo announced in March 2022 to assemble cars in Malaysia. Germany’s Mercedes-Benz Group plans to set up an electric car assembly plant in Thailand starting in 2022.
The Chinese auto brands SAIC, Great Wall Motor, Chery, Dongfeng, Geely and Chang’an have been selling electric cars in Southeast Asia one after another, with Great Wall Motor having built a plant in Thailand to produce both fuel and electric cars, with an annual capacity of 80,000 units already.
Malaysian car company Fieldman announced in early 2022 a partnership with China’s Chang’an Automobile to invest RM1 billion (about US$227 million) to set up a plant in Melaka to produce electric vehicles. Chinese car company Geely, for its part, acquired Malaysian car brand Proton in 2017 and plans to produce electric cars.
With the development of manufacturing industry in Southeast Asia, there have been gradually foreign companies set up electric vehicle manufacturing enterprises in Southeast Asia to reduce costs. Southeast Asia is gradually becoming an important electric vehicle production base and consumer market.
The publisher expects the Southeast Asian electric vehicle market to maintain growth during the period 2023-2032.
Southeast Asia Electric Vehicle Industry Status and Major Sources in 2018-2022
What is the Impact of COVID-19 on Southeast Asia Electric Vehicle Industry?
Which Companies are the Major Players in Southeast Asia Electric Vehicle Industry Market and What are their Competitive Benchmarks?
Key Drivers and Market Opportunities in Southeast Asia Electric Vehicle Industry
What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Electric Vehicle Industry during 2023-2032?
What is the Expected Revenue of Southeast Asia Electric Vehicle Industry during 2023-2032?
What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
What are the Competitive Advantages of the Major Players in Southeast Asia Electric Vehicle Industry Market?
Which Segment of Southeast Asia Electric Vehicle Industry is Expected to Dominate the Market in 2032?
What are the Major Adverse Factors Facing Southeast Asia Electric Vehicle Industry?
Key Topics Covered:
1 Analysis of the Electric Vehicle Industry in Singapore
1.1 Development Environment of Singapore’s Electric Vehicle Industry
1.1.4 Singapore Manufacturing Minimum Wage
1.2 Singapore Electric Vehicle Industry Operation 2018-2022
1.2.1 Singapore Electric Vehicle Production Status
1.2.2 Sales Status of Electric Vehicles in Singapore
1.2.3 Singapore Electric Vehicles Import and Export Status
1.3 Analysis of Major Electric Vehicle Manufacturers in Singapore
2 Analysis of Electric Vehicle Industry in Thailand
3 Analysis of Electric Vehicle Industry in the Philippines
4 Malaysia Electric Vehicle Industry Analysis
5 Indonesia Electric Vehicle Industry Analysis
6 Analysis of Electric Vehicle Industry in Vietnam
7 Analysis of Electric Vehicle Industry in Myanmar
8 Brunei Electric Vehicle Industry Analysis
9 Analysis of Electric Vehicle Industry in Laos
10 Analysis of Electric Vehicle Industry in Cambodia
11 Southeast Asia Electric Vehicle Industry Outlook 2023-2032
11.1 Analysis of Factors Affecting the Development of Electric Vehicle Industry in Southeast Asia
11.1.1 Favorable Factors
11.1.2 Unfavorable Factors
11.2 Southeast Asia Electric Vehicles Industry Supply Forecast 2023-2032
11.3 Southeast Asia Electric Vehicle Manufacturing Market Demand Forecast 2023-2032
11.4 Impact of COVID -19 Epidemic on Electric Vehicle Industry
For more information about this report visit https://www.researchandmarkets.com/r/o727q2
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900