Full speed ahead

Supercharging electric mobility in Southeast Asia

Despite the impact of the COVID-19 pandemic on global automotive sales, the journey to electrification remains on track. Across the globe, regulators and industry players alike recognise the rare opportunity that the transition to electric vehicles (EVs) presents for their economies to simultaneously advance their goals for economic growth and sustainable development.

Within Southeast Asia, the benefits of electrification are tangible and wide-ranging. Apart from enabling economies to meet their climate change commitments, reduce air pollution, and increase energy security, electrification also offers many opportunities along the value chain for economies with established automotive manufacturing hubs – such as Indonesia and Thailand – to extend their footprint in EV and battery production, and for economies with less developed automotive manufacturing capabilities to catch up with, or even leapfrog, industry players in more established automotive manufacturing hubs.
In this report, we will take a closer look at six key mobility markets in Southeast Asia – Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam – and explore five different enablers that we believe are crucial in enabling them to realise the full potential benefits of electrification: total cost of ownership; battery range and life; charging networks, regulatory environment; and value chain potential.
For each of these enablers, we will assess the level of maturity for their respective levers, calculate their total weighted average scores, and assign them to one of four categories – Emerging; Aspiring; Contender; and Top Performer – that will enable us to make relative comparisons on the levels of maturity across the various regional markets.
Later, we will also assess the feasibility of several use cases – including two-wheelers, four-wheelers, light commercial vehicles, and passenger buses –and analyse some of the areas of opportunities for the six Southeast Asian markets to provide some recommendations for industry players and other stakeholders as they make their transition to EVs.
We hope that this report will provide you with some insights into the electrification journey, and the considerations that you will need to make as you steer your organisations in supercharging electric mobility in Southeast Asia.

For a summary of the key market-specific takeaways, download our market scorecards for Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

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