Asean EV sales surge, Malaysia among top markets

Maybank IB Research said EV sales in Asean rose from a low base in the first half of 2024 in most markets.

KUALA LUMPUR: Asean is witnessing a rise in the sales of electric vehicles (EVs) in Malaysia, Indonesia and Vietnam whereas Thailand is a mixed bag, says Maybank Investment Bank Research (Maybank IB) Research.

The research house said that favourable regulations, local brands and penetration of Chinese carmakers will drive sales higher.