Climate change and environmental protection have become issues of great concern to governments around the world. In line with this trend, most New Southbound Policy partners, including ASEAN nations and India, are working hard to promote the electric vehicle (EV) industry, establishing supply chains and building public infrastructure for the EV sector.
With a land area of 4.46 million square kilometers and a population of more than 650 million people, the 10 ASEAN member nations form the third-largest market in the world.
In 2019, before the emergence of the COVID-19 pandemic, ASEAN nations produced 4.2 million vehicles and 3.6 million motorcycles,