Prospects for electric vehicle market development in ASEAN: global trends and regional specifics

Abstract

The article considers the prospects for the development of the electric vehicle market in ASEAN countries in the context of global trends and regional peculiarities. The factors contributing to the growth of the industry, the current state of the market, investment activity, as well as technological and infrastructural limitations are analyzed. Special attention is paid to the role of government programs in stimulating production and integrating the region into the international supply chains. The main barriers slowing down the development of the sector are highlighted, including the high cost of technology, insufficient charging infrastructure, and the need to localize the production of key components. Based on the study, recommendations are offered to strengthen the region's position, covering measures to promote localized manufacturing, expand the network of charging stations, and support innovation. The authors highlight the potential of ASEAN as a promising center for global electric vehicle production.

Keywords

• asean
• electric vehicles
• global trends
• investment
• charging infrastructure
• localization of production
• environmental sustainability
• transport industry
• supply chain integration
• electric transport market