Cambodia targets 40% of electric cars, 70% of electric motorbikes by 2050: minister

admin admin | 09-19 16:30

The three most popular EV brands in Cambodia are China's BYD, Japan's Toyota, and America's Tesla.
Cambodia is committed to achieving 40 % of electric cars and 70 % of electric motorcycles by 2050 in order to reduce carbon emissions, Minister of Public Works and Transport Peng Ponea said here on Wednesday.

He made the remarks during a dissemination workshop on the National Policy for the Development of Electric Vehicles (EVs) 2024-2030, Xinhua news agency reported.

"The EV sector is one of the high potential sectors, as it has not only enhanced environment and improved public health, but also contributed to the momentum of economic base diversification as well as strengthened energy security," he said.

"Using EVs has importantly contributed to reducing the impact of carbon dioxide emitted from petrol-powered vehicles," he added.

Cambodia currently has more than 7 million petrol-driven vehicles, he said, adding that 85 % of them were motorbikes, 10 % were cars, and five % were buses, lorries, and heavy machinery.

Ponea added that to date, the Southeast Asian country has registered a total of 3,676 EVs, and the kingdom has 21 EV charging stations.

The three most popular EV brands in Cambodia are China's BYD, Japan's Toyota, and America's Tesla, according to the Ministry of Public Works and Transport.

According to the National Policy for the Development of EVs, using EVs costs only 9,633 riels (2.34 U.S. dollars) for a distance of 100 kilometres, while using petrol or diesel cars costs up to 35,723 riels (USD 8.69).

Udom Pisey, an EV manager at the Car4you Co., Ltd., which imports Letin Mengo EVs from China, said EVs have far fewer moving parts than petrol or diesel vehicles, so maintenance and repair costs are cheaper than internal combustion vehicles.

"Using EVs not only saves money on fuel but also helps reduce air pollution," she told Xinhua.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...