Why is the EV industry growing in Cambodia?
The technologies required for battery production coupled with tax cuts for owning electric vehicles drive the growth of the EV industry across the world. Government support has been crucial to the growing adoption of electric vehicles. In the past year, the EV infrastructure in Cambodia began expanding, opening three new public charging stations.
Why should Cambodia expand EV infrastructure in ?
Expanding the EV infrastructure in Cambodia will help accelerate the large-scale adoption of electric vehicles in the country, as consumer confidence in the reliability and accessibility of EV battery charging increases. As part of Cambodia’s EV roadmap, the government also lowered import duties in and continues to plan for more incentives.
How many electric vehicles are there in Cambodia?
The country saw a 1,000% increase in the number of registered electric vehicles on the country’s roads last year as more consumers realized the long-term benefits of owning EVs. As of February , there are 700 registered electric vehicles in Cambodia, presenting a continued upward trajectory for EV adoption in the country.
Can Cambodia increase electric vehicles on its roads?
PHNOM PENH, March 28, — Cambodia can achieve its ambitious targets for increasing the proportion of electric vehicles on its roads if it follows a carefully designed plan to do so, according to a World Bank report released today.
Can Cambodia become a global EV supplier?
Cambodia can position itself as an emerging player in the regional and global EV supply chain, and with the low cost of labor and production in the country, there will be more opportunities to expand in the region.
What is Cambodia's EV roadmap?
As part of Cambodia’s EV roadmap, the government also lowered import duties in and continues to plan for more incentives. Their goal is to have 40% of all cars and urban buses and 70% of motorbikes to be electric by .
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