Key Points

The focus on energy efficiency has been intensified in Southeast Asia through several incentives in 2022. ASEAN countries has installed and operated a range of energy-efficient technologies to optimise the energy used for many energy-using activities, including in the transportation sector as the largest energy consuming sector. Hence, the the region turned to join EV revolution as part of their energy efficiency measures. This year has showed government ambitions in realisation of EV targets through policy, which triggered the local industry players to enter EV market.