Electric vehicles (EVs) are causing an electric storm around the world. Electric four-wheelers are already on Cambodian roads in a limited but growing number. Several companies have erected showrooms in the city, showcasing a variety of electric vehicles.
There are numerous causes for the rapid growth of electric vehicle sales in Cambodia and around the world. The cost of battery technologies, and thus the cost of EVs, has dropped dramatically in recent years.
The introduction of batteries with higher energy density, more charging and discharging cycles, and lower charge losses has directly resulted in an increase in the longevity and reliability of EVs, giving consumers more confidence.
Electric vehicles are seen as the best technical solution for meeting tough emission rules. Even when fueled from the worst energy grids, electric cars are still cleaner than internal combustion engines over their lifetimes.
They also provide health and environmental benefits by reducing air pollution, which promotes public health. Furthermore, an EV’s running cost per kilometre is nearly half that of a standard internal combustion engine vehicle.
The Cambodia Electric Car Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
The Angkor EV, a locally built electric vehicle, is on exhibit in a dealership in Phnom Penh. Cambodia’s Heng Development Company has launched its first electric vehicle, the Angkor, named after the country’s iconic ancient Angkor temples.
The Angkor has a top speed of 60 km/h and a range of up to 300 km. Some of the Angkor EV’s parts were built in Cambodia, while others were imported.
© Copyright 2017-2023. Mobility Foresights. All Rights Reserved.