Brunei Electric Commercial Vehicle Market 2022-2027

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    BRUNEI ELECTRIC COMMERICAL VEHICLE MARKET

     

    INTRODUCTION

    Another difficulty in the business is the growing awareness about climate change. Electric vehicles are one of the more environmentally friendly modes of transportation.

     

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    The readiness of Southeast Asia’s electric mobility rollout, particularly in terms of governmental support. The transition to electric mobility has been fraught with difficulties.

     

    High capital requirements, a lack of supporting infrastructure, and risk aversion are all potential barriers to electric car adoption. Another impediment to electric vehicles is the notion that many Southeast Asian countries’ electrical generation is still dominated by fossil fuels.

     

    BRUNEI ELECTRIC COMMERICAL VEHICLE MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Brunei sets to launch 2-year EV pilot project on March 25 The administration is set to implement new model and policies for better EV adoption Brunei This would enhance better Technological Controls
    2 Brunei targets 60 pct nationwide electric vehicle sales by 2035 One of the primary targets under Brunei’s National Climate Change Policy is to increase the share of electric vehicles sold to 60% of total yearly vehicle sales (BNCCP) Brunei This would enhance better Technological Controls
    3 MTIC studies feasibility of electric vehicle adoption In the first quarter of 2021, a pilot project will be launched to prepare pricing and charging infrastructure for electric vehicles. Brunei This would enhance better Technological Controls
    4 Vehicle licence payment waived during EV project An proposal has been granted for the period of the Electric Vehicle (EV) Pilot Project by Al-Marhum Sultan Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam. Brunei This would enhance better Technological Controls

     

    COMPETITIVE LANDSCAPE

    One of the primary targets under Brunei’s National Climate Change Policy is to increase this same percentage of electric vehicles sold to 60% of total yearly vehicle sales (BNCCP).

     

    As a result, the transition to cleaner, more sustainable mobility is unavoidable. Countries in the region are currently pursuing options such as electric vehicles and biofuel mixing.

     

    The findings of AOE6 revealed that such a transition might reduce greenhouse gas (GHG) emissions by avoiding the consumption of petroleum products.

     

    Kia Brunei is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. The Niro Plus, a higher, expanded version of the first-generation Niro, will operate as a purpose-built taxi and ride-hailing commercial vehicle.

     

    Kia has announced plans and sneak peeks for a sequence of electric vans that it hopes will end up dominating this space. The Niro Plus is part of Kia’s push to become a global pioneer in electric purpose-built vehicles by 2030, but now Kia has disclosed proposals as well as teasers for a sequence of electric commercial vehicles.

     

    Isuzu Motors has been one of the most advanced solution provider in the used car requirements. Next year, Isuzu Motors will begin mass-producing electric commercial trucks, making it the first Japanese company to enter a market dominated by Chinese and European companies.

     

    Isuzu currently provides the Class 3 NPR Gas and Class 4 NPR-HD Gas with a 6.0L Vortec V8 gasoline engine from General Motors that can be converted to run on either LPG or compressed natural gas (CNG).

     

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

     

     

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