How much does it cost to order energy storage vehicles in Cambodia

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4 FAQs about How much does it cost to order energy storage vehicles in Cambodia

Why are EVs so expensive in Cambodia?

EVs remain expensive compared to traditional gasoline vehicles. While tax incentives help reduce prices, the upfront cost is still a barrier for many Cambodian consumers. 2.

How many EVs are there in Cambodia?

In December 2023, the EV stock was just 1,489 vehicles (MPWT, 2024). The hybrid EVs (HEVs), that combine an internal combustion engine (ICE) with an electric motor, have seen more significant adoption in Cambodia compared to fully electric cars. Hybrid vehicles account for about 2%–3% of total new vehicle sales in Cambodia.

How efficient are road EVs in Cambodia?

Considering the traffic and the condition of the road infrastructure in Cambodia, this research assumes that the EVs efficiency is 1.7 times or 70% better than that of the average ICE. Based on this assumption, the percentage share of road EVs in the total vehicle stock (comprising electric, gasoline, and diesel fuel vehicles) will be 7% by 2050.

What is Cambodia's EV policy?

The Government of Cambodia has shown increasing interest in the adoption of electric vehicles (EVs) to reduce air pollution, enhance energy efficiency, and transition towards cleaner sources of energy (Ned, 2022). Cambodia's EV policy is part of the country's broader efforts to promote sustainable transportation and reduce its carbon footprint.