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ASEAN EV booms, Thai and Indonesia contribute the most

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The electric vehicle (EV) market in Southeast Asia is undergoing rapid expansion, with Ernst & Young Global Limited forecasting that annual EV sales in the ASEAN six countries could reach 8.5 million units by 2035. The projected sales revenue is estimated to range between 80 to 100 billion US dollars. Notably, Thailand is expected to be the second-largest contributor to market growth, trailing only behind Indonesia.

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