What is the price of energy storage vehicles in Cambodia

4 FAQs about [What is the price of energy storage vehicles in Cambodia]

How big is the electric car market in Cambodia?

The Cambodia Electric Car Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030. The Angkor EV, a locally built electric vehicle, is on exhibit in a dealership in Phnom Penh.

How many EVs are there in Cambodia?

In December 2023, the EV stock was just 1,489 vehicles (MPWT, 2024). The hybrid EVs (HEVs), that combine an internal combustion engine (ICE) with an electric motor, have seen more significant adoption in Cambodia compared to fully electric cars. Hybrid vehicles account for about 2%–3% of total new vehicle sales in Cambodia.

Why is Cambodia''s EV market growing?

Cambodia''s electric vehicle (EV) market is poised for significant growth, driven by government initiatives, environmental concerns, and advancements in EV technology. The government''s goal to increase EV registrations to 770,000 by 2030 underscores its commitment to sustainable transportation.

Why is Cambodia promoting electric vehicles?

The Government of Cambodia is actively promoting the adoption of electric vehicles (EVs), particularly battery electric vehicles (BEVs), as part of its national policy to transition toward a cleaner and more sustainable energy future.

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