ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
An electric car is seen during the opening of a PTT Pcl energy firm's commercial EV (Electric Vehicle) charging station, in Bangkok, Thailand August 15, 2016.   © Reuters
Business

Electric vehicle race is on in Southeast Asia

Thailand and Malaysia most likely to attract investment in domestic production

| Vietnam
  • Thailand is leading other Southeast Asian countries in providing incentives for consumers and investors to boost its domestic electric vehicle industry.
  • Malaysia is dealing with Chinese manufacturers to speed up the adoption of battery-only electric cars.
  • Nissan has the best chance of a successful battery-only EV debut in the region.

Not wanting to miss out on the next transport technology revolution, Southeast Asian policymakers are racing to accelerate the adoption of electric vehicles as a step to becoming a regional manufacturing hub.

Indonesia, the largest car market in the region, has announced a plan to ban sales of petrol and diesel cars by 2040. President Joko Widodo's cabinet is drafting a policy that would reduce the luxury tax and import tariffs on EVs, from the current average of 50 per cent to 5 per cent as early as next year. These exemptions will only apply to manufacturers with long-term plans to produce EVs in the country.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more