Perspectives: Electric Vehicles Infrastructure​ Edition​
Perspectives

Perspectives: Electric Vehicles Infrastructure​ Edition​

Perspectives

Accelerating towards a greener future with electric vehicles (EVs)

Unveiling the potential of EVs in Southeast Asia, in this edition, we explore:

i. EV adoption and opportunities within EV Infrastructure​

ii. End-to-End and Charge Point Operators as the winning models within the space​

iii. Southeast Asia as the next EV Infrastructure hub

EV adoption is driven by shifting preferences towards sustainable transport

Decarbonising the industry has emerged as a major global priority, with numerous countries pledging to intensify efforts in decarbonising public land transport. EV is a large industry with over $317 billion in market size, growing at 23.1% as seen in Fig. 1. This uptake is mainly driven by:​

  • Cost savings of up to 50% compared to petrol vehicles.1 ​
  • Government incentives and policies for increased EV adoption2​
  • A favourable investment environment for sustainability initiatives3

Developing proper infrastructure is crucial to meet both demand and adoption of EVs​

With the ascent of EVs, the need for robust infrastructure becomes increasingly urgent. In Fig. 2., critical factors like Total Addressable Market (TAM), precedents, sector valuations, and funding were considered. Charging Infrastructure and E2W emerge as crucial sectors within the EV industry with high valuations, plenty of activity within the industry as seen by high funding trends and number of precedents. Fleets emerged as the least opportunistic sector, while E4W showed high valuations and funding but were found to be dominated by a few global player such as CVCs and conglomerates.

Key Success Factors to look out for in EV Infrastructure players in SEA​

End-to-End and CPOs drive success through the following: ​

  • Increasing Utilisation Rates: Has the ability to increase utilisation rates through strategies like optimising heat maps or providing fixed fee rentals to partners, similar to StarCharge and Bolt.Earth. ​
  • Electricity and installation costs: Has the ability to breakeven on capex quickly by understanding installations and electricity costs . ​
  • Scalable Partnerships: Collaborates with partners to identify sites with the highest utilisation to reduce capex such as fleets.​
  • Create a Charging Network Platform: Is able to integrate nation-wide charging points into a single platform.

View the full issue via TNB Perspectives – EV Infrastructure Edition