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

Setec Powerr

According to Thailand’s electric vehicle plan, zero-emission vehicles will account for 30% of new vehicle production by 2030; by 2035, all cars produced in Thailand will be zero-emission. million electric vehicle users by 2025 to stimulate market demand and reduce air pollution.

Asia 97
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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.