ASEAN can boost intra-trade through collaborations in the electric vehicle (EV) industry, says Minister Tengku Zafrul. With a population of over 680 million and a combined GDP of US$3.2 trillion, ASEAN has significant potential in the EV supply chain. Malaysia has attracted RM26.2 billion in EV investments since 2018, and registered EVs have risen to over 7,500 in 2023. ASEAN's EV-related investments grew to US$18.1 billion in 2022, following a dip in 2021.ASEAN CAN EXPAND INTRA TRADE VIA EV SECTOR: ZAFRUL
ASEAN can boost intra-trade through collaborations in the electric vehicle (EV) industry, says Minister Tengku Zafrul. With a population of over 680 million and a combined GDP of US$3.2 trillion, ASEAN has significant potential in the EV supply chain. Malaysia has attracted RM26.2 billion in EV investments since 2018, and registered EVs have risen to over 7,500 in 2023. ASEAN's EV-related investments grew to US$18.1 billion in 2022, following a dip in 2021.
