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Estatedia | Economy & Real Estate Media in Cambodia

PM Supports EV Growth Amidst Surging Imports

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PHNOM PENH: Cambodia has witnessed a surge in electric vehicle (EV) adoption in recent months, with the government actively promoting the shift towards cleaner transportation.

Prime Minister Hun Manet has expressed strong support for the expansion of the EV sector in Cambodia, highlighting its potential benefits. He emphasized that transitioning to electric vehicles can significantly improve energy efficiency and reduce carbon emissions.

PM Supports EV Growth Amidst Surging Imports

“By switching to electric vehicles, we can reduce energy consumption by up to five times compared to traditional fuel-powered vehicles,” said the Prime Minister. “Moreover, it will help us mitigate climate change by lowering carbon emissions in the transportation sector.”

In the first nine months of 2024, the country registered a staggering 1,644 electric vehicles, a significant increase from the 203 registered in the same period of 2023. This represents a 710% growth, with motorcycles leading the charge at a 368% increase.

PM Supports EV Growth Amidst Surging Imports

“So far, Cambodia has registered 2,327 electric vehicles at the Ministry of Public Works and Transport, of which 790 BYD electric vehicles are at the top of the list, followed by 443 Toyota electric vehicles, 269 Tesla electric vehicles, and electric vehicles from other companies,” said Mr. Phan Rim, a spokesperson for the Ministry of Public Works and Transport.

To further accelerate the adoption of EVs, the Cambodian government has introduced the “National Policy on the Development of the Electric Vehicle Sector 2024-2030.” This policy aims to promote the use and development of the entire EV ecosystem, including charging infrastructure and related industries.

Chinese automaker BYD has expressed interest in establishing an EV manufacturing plant in Cambodia by 2025. This move could significantly boost the local EV industry and contribute to the country’s economic growth.

PM Supports EV Growth Amidst Surging Imports

As of now, Cambodia has registered a total of 3,676 electric vehicles and 21 charging stations nationwide. With increasing government support and growing consumer interest, the country is poised to become a regional leader in electric mobility.

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