article thumbnail

Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

In addition, other countries in Southeast Asia, besides Thailand, are in the midst of similar changes as the world’s fifth largest economy with a consumer market of 660 million people, Thailand, Vietnam, Singapore, and Indonesia together sold only 13,000 new energy vehicles in the first half of 2022.

Asia 97
article thumbnail

Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Sales in emerging markets are increasing, led by Southeast Asia and Brazil, India and Thailand Electric car sales continued to increase in emerging market and developing economies (EMDEs) outside China in 2023, but they remained low overall.