BYD introduces the Atto 3 in Malaysia this year. ASEAN is witnessing a rise in the sales of EVs. (Photo: BYD Malaysia)
As electric vehicle (EV) sales slow down in Europe and the US, the ASEAN market is experiencing notable growth. Research from Malaysian institutions highlights that favorable policies, the emergence of local brands, and investments from Chinese automakers are driving significant increases in EV adoption in Malaysia, Indonesia, and Vietnam, with Thailand also showing strong performance at the beginning of the year.
