Auto market sees significant growth in EVs

Auto market sees significant growth in EVs

Consumer behaviour has changed dramatically over the last few quarters as we have seen an unprecedented momentum in EV registration, says an official.

Cambodia’s auto market has entered a strong growth phase with new electric vehicle (EV) registrations since the start of this year amid the fuel price hike.

A report from the Ministry of Public Works and Transport yesterday showed that it has registered 6,174 new EVs in the first half of this year, bringing the Kingdom’s total number of officially registered EVs to 15,239.

“Between January and June of this year, the ministry has registered 6,174 new EVs, up 151 percent from 2,459 EVs in the same period last year,” read the report.

Additionally, the country recorded a total of 4,499 electric motorcycles and 862 electric three-wheelers as of June of this year, stated the report.

The exponential growth highlights the success of the government’s National Policy on the Development of the Electric Vehicle Sector 2024-2030, said MPWT Spokesperson Phan Rim.

“Consumer behaviour has changed dramatically over the last few quarters as we have seen an unprecedented momentum in EV registrations,” Rim said.

Consumers are realising that switching to EVs offers relief in daily operating and fuel costs, alongside the benefit of zero emissions, the spokesman added.

The National Policy on the Development of the Electric Vehicle Sector 2024-2030 aims to have 770,000 EVs on Cambodian roads by 2030.

Clear policy direction from the Cambodian government has strengthened confidence among both manufacturers and consumers, encouraging investment and accelerating the adoption of electric mobility.

The government policy has played a catalyst in attracting vehicle auto makers, including EV brand manufacturers such as Toyota, BYD, GAC, Ford, Isuzu, Hyundai, etc., to set up vehicle assemble factories in Cambodia to supply domestic markets and for exports.

Cambodia currently has eight operational vehicle manufacturing and assembly plants with a combined annual capacity of nearly 40,000 vehicles, while several more facilities are under construction.

Minister of Mines and Energy Keo Rattanak has emphasised the government’s commitment to expanding the country’s power grid and charging network.

“The government is allocating a robust budget to ensure rapid-charging stations are accessible across all major national roads, not just in urban centres,” Rattanak noted.

As of June 2026, Cambodia had registered 8.5 million vehicles, according to the ministry’s report.

khmertimeskh