The mobility sector in emerging markets of South and Southeast Asia is growing so rapidly that it could absorb up to USD 1.3 trillion in green capital by 2030, mirroring China’s phenomenal electric vehicle (EV) growth, according to a report.
The Powering an affordable EV revolution in emerging Asia report, released on Friday — ahead of the Climate Week NYC by investors LeapFrog Investments and Temasek alongside electric mobility companies Mahindra Last Mile Mobility Limited and Battery Smart — showed affordable entry points for electric mobility across the low-income markets of emerging Asia.
An analysis of the lifetime cost of owning an electric vehicle versus fossil-fuel powered vehicles highlighted how electric scooters and electric three-wheelers have hit price tipping points across the region, spiking demand for green mobility even amongst first-time vehicle buyers.
Case studies from Mahindra Last Mile Mobility Limited and Battery Smart also found that manufacturing and …
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