Cambodia Launches Ambitious Electric Vehicle Development Policy with Nearly 3,000 Vehicles Registered

The Government of Cambodia has launched the National Policy on the Development of Electric Vehicles Cambodia 2024-2030, with nearly 3,000 electric vehicles currently registered, according to the Ministry of Public Works and Transport on 25 June 2024.

The policy aims to promote and guide the growth of the electric vehicle sector in Cambodia, featuring specific measures and clear mechanisms to be implemented within a defined timeframe. This initiative encompasses various types of electric vehicles, including electric cars, tricycles, and motorcycles.

A report from the same source highlights a notable increase in vehicle usage across the country, particularly motorcycles and cars. Out of the total 7 million vehicles, motorcycles account for about 85%, passenger cars for about 10%, and heavy fuel vehicles (trucks and machinery) for about 5%.

Currently, the registered electric vehicles in Cambodia include 914 motorcycles, 440 tricycles, and 1,614 cars. Notably, pure electric vehicles emit nearly 40% fewer toxic gases compared to gasoline-powered cars, while electric motorcycles significantly reduce toxic gas emissions compared to their fuel-powered counterparts.

The introduction of this policy is a significant step towards reducing environmental pollution and promoting sustainable transportation in Cambodia.

- Video Advertisement -

Related Post

Mondulkiri Authorities Launch Extensive Crackdown on Illegal Mining with 56 Sites Targeted

In an intensive crackdown spanning just three days, from 3 to 5 November 2024, the Mondulkiri Provincial Department of Mines and Energy, together with other local authorities, successfully intervened at 56 locations identified for illegal mining operations across Mondulkiri province. This major operation underscores Cambodia’s growing commitment to regulate mining activities and protect its natural […]

Cambodian Gov’t Extends Stamp Duty Exemption on Homes Up to USD 70,000 Until End of 2025

The Ministry of Economy and Finance has announced an extension of the stamp duty exemption for transferring ownership or possession of all types of borey housing valued at USD 70,000 or less, continuing this benefit until the end of 2025. This initiative aims to stimulate the real estate market by offering substantial tax relief to […]

Tycoon Ly Yong Phat’s Hydropower Company Suspended for Environmental Violations in Pursat & Koh Kong

The Ministry of Environment has temporarily suspended all activities of Stung Meteuk Hydropower, a company owned by Tycoon Ly Yong Phat, in Pursat and Koh Kong provinces due to multiple environmental violations and non-compliance with legal requirements. The suspension was confirmed in a letter from the ministry dated 2 September 2024. The decision stems from […]

South Korea’s Mugungwha Trust Targets Investment in Cambodia’s Expanding Trust Sector

Mugungwha Trust Co., Ltd., a leading South Korean trust company, has announced plans to invest in Cambodia’s trust sector, aiming to contribute to the country’s economic growth and sector expansion. The company’s President, Mr. Oh Chang-seok, expressed this commitment during a meeting with Samdech Techo Hun Sen on 10 September 2024 in Seoul, Republic of […]

GDT Sets Property Tax Deadline for 30 September 2024

The General Department of Taxation (GDT) has reminded all property owners to fulfil their property and land tax obligations by 30 September 2024. The announcement, made on 31 July 2024, , emphasises the critical importance of meeting this deadline to ensure a smooth tax collection process. To facilitate efficient tax payments, the GDT encourages property […]

Cambodian Senate Approves Landmark Air Transport Law to Boost Aviation Sector

In a significant move to bolster Cambodia’s aviation industry, the Senate has unanimously approved the draft law on international air transport. The approval, achieved with 56 out of 56 votes during the extraordinary session of the Senate of the 5th legislature, was held under the chairmanship of Samdech Techo Hun Sen on 31 July 2024. […]