Abstract:

The EV share in ASEAN markets varies between 0.04% and 0.6% for passenger cars, as of 2020. The ZEV (Zero-Emission Vehicle) transition in ASEAN countries is fastest in the 2&3-wheeler segment. ASEAN markets would benefit from greater collaboration, including in developing a ZEV roadmap, regulations, and exclusive ZEV supply-based incentives that send clear policy signals; introducing consumer-based ZEV incentives through budget-neutral mechanisms or international financing; promoting targeted electrification of 2&3 wheelers with battery swapping or renting, improving ZEV access by incentivizing manufacturers and establishing standards and regulations; enabling innovative e-mobility business and financing models in shared mobility; demonstrating ZEV technology through exhibition, experience center, and pilot projects to raise public awareness; and establishing a robust region-wide network of charging infrastructure.