CAMBODIA ELECTRIC COMMERCIAL VEHICLE MARKET

INTRODUCTION

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.

CAMBODIA ELECTRIC COMMERCIAL VEHICLE MARKET DEVELOPMENTS AND INNOVATIONS

Growth of the economy, increased income, population growth, and increased urbanisation rates have all contributed to a high demand for automobiles in Cambodia.

In Cambodia, imported fossil fuel vehicles control the industry, with just a small percentage of vehicles being electric. Last year, Phnom Penh alone accounted for more than half of all vehicle registrations in Cambodia.

As a result, traffic congestion, poor air quality, and municipal transportation systems that cannot keep up with demand plague urban regions. Air pollution in Cambodia is exacerbated by the growing number of imported, second-hand automobiles and the country's rapid motorization.

Air quality in metropolitan areas is harmed by emissions from ageing and inefficient automobiles that are not fitted with pollutant mitigation devices. Purchased second-hand vehicles in Cambodia are not subject to any age restrictions, and the majority are at minimum ten years old. Despite this, Cambodia's air quality is not yet a public health concern.

COMPETITIVE LANDSCAPE

Battery powered mopeds are now seeing a surge in popularity, particularly in nations like Cambodia, where the public can rent two-wheeler EV coaster at certain locations across Phnom Penh.

Electric four-wheelers are now on Cambodian roadways in a limited but growing number. Several manufacturers have erected showrooms in the city, displaying over ten different types of electric vehicles.

There are around nine two-wheeler EV suppliers on the market, and one three-wheeler EV supplier.

MVL is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. In numerous industries, such as automobiles and electronics, it generates the best products.

When the E-Tuktuk and the TADA mobility platform are merged, MVL will be able to gather and manage not only driving data, but also information on electric vehicles and the batteries they contain.

Because E-Tuktuks are powered by batteries, their maintenance costs are cheaper than those of internal combustion engine vehicles.

General Motors Co has been one of the most advanced solution provider in the used car requirements. This Ultrium Platform is a game-changing platform.

Designed for distance, power, and versatility to charge quickly, run for long periods of time, and fit into any automobile. General Motors' aim to provide 30 new electric vehicles internationally by 2025 is based on this breakthrough.

New 2024 Chevrolet Silverado EV is a ground-breaking vehicle that is changing what this meant to go all-electric as we progress forward.

COMPANIES PROFILED

• Hyundai Inc.
• BYD Auto Co., Ltd
• Proterra, Inc.
• AB Volvo
• Olectra Greentech Limited
• Tesla
• Nissan
• Daimler
• Toshiba
• Mitsubishi
• Continental
• Kia Motors
• Chevrolet
• Renault
• Renault Samsung JV
• General Motors Co
• Hyundai Kia Group JV
• Zentropy
• EmVcon
• CT&T United
• Ioniq Inc.
• Jinwoo SMC