Accelerating Vehicle Electrification to Shake up Competitive Landscape in ASEAN Automotive Market
Frost & Sullivan
APRIL 25, 2024
The recent Global EV Outlook 2024 report brought out by the intergovernmental International Energy Agency (IEA) projects electric vehicles (EVs) to account for around 20% of total vehicle sales globally this year. Government backing in the form of policy support, incentives and tax subsidies will provide a fillip to EV penetration.
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