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The Cambodian government has set an ambitious target of having 800,000 electric vehicles (EVs) on the road by 2030, aiming to keep pace with regional and global trends towards sustainable transportation. This plan aligns with the country’s commitment to achieve carbon neutrality by 2050.
The Electric Vehicle Development Policy Document 2024-2030, released in May, highlights the rapid growth of the EV sector globally. According to the document, global EV sales surged from 3.2 million units in 2020 to 10 million in 2022, with the market reaching a value of US$205.6 billion. International research predicts that EVs will account for half of all new vehicle sales worldwide by 2035.
“The government recognizes the benefits of the EV sector and is introducing specific fiscal and non-fiscal policies to support its growth,” the document states. “The National Policy on the Development of the Electric Vehicle Sector 2024-2030 serves as a roadmap to guide and promote the development of EVs in Cambodia.”
The long-term national policy has a phased approach, aiming for a total registration of 30,000 EVs by 2030. This includes 25,000 private cars, 5,000 electric vehicles for commercial use, and over 740,000 electric motorcycles and tricycles.
As of July 10, Cambodia has seen significant progress with nearly 3,000 electric vehicles officially registered, including over 900 motorcycles and 440 tricycles. The number of registered cars, currently at 1,614, is steadily increasing.
“Electric vehicles offer a cost-effective and environmentally friendly transportation option,” said Phorn Rim, spokesperson for the Ministry of Public Works and Transport. “The government, through various ministries and institutions, is actively working to expand the network of charging stations and create a supportive environment for EV adoption.”
The recent registration data reveals BYD as the leading brand with 658 vehicles, followed by Toyota (261) and Tesla (186).
