Research Report on Southeast Asia Electric Vehicle Industry 2023-2032

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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.

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Description

Southeast Asia Electric Vehicle Industry 2023-2032

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.

Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.

According to CRI’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.

CRI expects the Southeast Asian electric vehicle market to maintain growth during the period 2023-2032.

Topics covered:

  • 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?

Table of Contents

1 Analysis of the Electric Vehicle Industry in Singapore

1.1 Development Environment of Singapore’s Electric Vehicle Industry

1.1.1 Geography

1.1.2 Population

1.1.3 Economy

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

2.1 Development Environment of Thailand’s Electric Vehicle Industry

2.1.1 Geography

2.1.2 Population

2.1.3 Economy

2.1.4 Thailand Manufacturing Minimum Wage

2.2 Thailand Electric Vehicle Industry Operation 2018-2022

2.2.1 Thailand Electric Vehicle Production Status

2.2.2 Thailand Electric Vehicle Sales Status

2.2.3 Thailand Electric Vehicle Import and Export Status

2.3 Major Electric Vehicle Manufacturers in Thailand

 

3 Analysis of Electric Vehicle Industry in the Philippines

3.1 Development Environment of Electric Vehicle Industry in the Philippines

3.1.1 Geography

3.1.2 Population

3.1.3 Economy

3.1.4 Philippines Manufacturing Minimum Wage

3.2 Philippine Electric Vehicle Industry Operation 2018-2022

3.2.1 Philippines Electric Vehicle Production Status

3.2.2 Philippines Electric Vehicles Sales Status

3.2.3 Philippine Electric Vehicle Import and Export Status

3.3 Major Electric Vehicle Manufacturers in the Philippines

 

4 Malaysia Electric Vehicle Industry Analysis

4.1 Malaysia Electric Vehicle Industry Development Environment

4.1.1 Geography

4.1.2 Population

4.1.3 Economy

4.1.4 Malaysia Manufacturing Minimum Wage

4.2 Malaysia Electric Vehicle Industry Operation 2018-2022

4.2.1 Malaysia Electric Vehicle Production Status

4.2.2 Malaysia Electric Vehicle Sales Status

4.2.3 Malaysia Electric Vehicle Import and Export Status

4.3 Major Electric Vehicle Manufacturers in Malaysia

 

5 Indonesia Electric Vehicle Industry Analysis

5.1 Indonesia Electric Vehicle Industry Development Environment

5.1.1 Geography

5.1.2 Population

5.1.3 Economy

5.1.4 Indonesia Manufacturing Minimum Wage

5.2 Indonesia Electric Vehicle Industry Operation 2018-2022

5.2.1 Indonesia Electric Vehicle Production Status

5.2.2 Indonesia Electric Vehicle Sales Status

5.2.3 Indonesia Electric Vehicle Import and Export Status

5.3 Major Electric Vehicle Production Companies in Indonesia

 

6 Analysis of Electric Vehicle Industry in Vietnam

6.1 Development Environment of Electric Vehicle Industry in Vietnam

6.1.1 Geography

6.1.2 Population

6.1.3 Economy

6.1.4 Vietnam Manufacturing Minimum Wage

6.2 Vietnam Electric Vehicle Industry Operation 2018-2022

6.2.1 Vietnam Electric Vehicle Production Status

6.2.2 Vietnam Electric Vehicle Sales Status

6.2.3 Vietnam Electric Vehicle Import and Export Status

6.3 Major Electric Vehicle Production Enterprises in Vietnam

 

7 Analysis of Electric Vehicle Industry in Myanmar

7.1 Development Environment of Electric Vehicle Industry in Myanmar

7.1.1 Geography

7.1.2 Population

7.1.3 Economy

7.1.4 Myanmar Manufacturing Minimum Wage

7.2 Myanmar Electric Vehicles Industry Operation 2018-2022

7.2.1 Myanmar Electric Vehicles Production Status

7.2.2 Myanmar Electric Vehicles Sales Status

7.2.3 Myanmar Electric Vehicles Import and Export Status

7.3 Major Electric Vehicle Manufacturers in Myanmar

 

8 Brunei Electric Vehicle Industry Analysis

8.1 Brunei Electric Vehicle Industry Development Environment

8.1.1 Geography

8.1.2 Population

8.1.3 Economy

8.1.4 Brunei Manufacturing Minimum Wage

8.2 Brunei Electric Vehicle Industry Operation 2018-2022

8.2.1 Brunei Electric Vehicle Production Status

8.2.2 Brunei Electric Vehicle Sales Status

8.2.3 Brunei Electric Vehicle Import and Export Status

8.3 Brunei Major Manufacturing Enterprises

 

9 Analysis of Electric Vehicle Industry in Laos

9.1 Development Environment of Electric Vehicle Industry in Laos

9.1.1 Geography

9.1.2 Population

9.1.3 Economy

9.1.4 Minimum Wage of Manufacturing Industry in Laos

9.2 Electric Vehicle Industry Operation in Laos 2018-2022

9.2.1 Electric Vehicle Production Status in Laos

9.2.2 Laos Electric Vehicles Sales Status

9.2.3 Laos Electric Vehicles Import and Export Status

9.3 Major Electric Vehicle Manufacturers in Laos

 

10 Analysis of Electric Vehicle Industry in Cambodia

10.1 Development Environment of Electric Vehicle Industry in Cambodia

10.1.1 Geography

10.1.2 Population

10.1.3 Economy

10.1.4 Minimum Wage of Manufacturing Industry in Cambodia

10.2 Cambodia Electric Vehicle Industry Operation 2018-2022

10.2.1 Cambodia Electric Vehicle Production Status

10.2.2 Cambodia Electric Vehicle Sales Status

10.2.3 Cambodia Electric Vehicle Import and Export Status

10.3 Major Electric Vehicle Manufacturers 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

Additional information

Publisher

Geography Covered

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Date Published

Pages

Charts

Format

Base Year

2023

Base Market Size

30

Currency

thousand tons(China's LNG import volume)

Forecast Year

2032

Market Size Forecast

109.7

CAGR

15.5%

Companies Mentioned

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