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Growing concerns about the environmental damage brought on by such a large number of cars have raised the demand for the use of alternative fuels such as electricity, biofuels, and renewable energy sources.
Military vehicles may be made more environmentally friendly by being fitted with technology that utilizes electric motors instead of gasoline and produces little or no carbon emissions.
As a result of an increase in demand for an affordable way to power vehicles in the defense sector, the market for electrifying military vehicles has grown globally.
A significant driver of the expansion of the Asia Pacific Military Vehicle Electrification market is the rising military vehicle spending in the region’s major nations.
Rising geopolitical tensions and a growing defense budget are expected to increase demand for military vehicle electrification in the area. The driving reasons behind this technology include government subsidies, large expenditures on fuel cell research, and an emphasis on offering clean energy and environmentally friendly solutions.
The Malaysia Military Electric Vehicle 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.
Following agreements with major industry partners in Malaysia and Thailand, NIMR Automotive, the foremost producer of light and medium-weight wheeled military vehicles in the Middle East and North Africa, is actively extending its reach into the Southeast Asian area.
The leading manufacturer of armoured and logistical vehicles in Malaysia, DefTech, and NIMR has made plans to strengthen their partnership in order to complete a formal Strategic Partnership Agreement.
According to the agreement, DefTech will assist NIMR by marketing and selling the whole line of NIMR vehicles to Malaysia and other Southeast Asian countries.
