Features
7 Feb 24

APAC – heavy reliance on coal

Public attitudes towards renewable energy are positive. However, coal-fired power plants account for 56% of the region's electricity generation. China is the world’s largest producer and user of coal.

Fleet Statistics - APAC

APAC's automotive industry is the largest globally, accounting for over one-third of global vehicle production. APAC is the world's largest emitter of CO2 from transportation, accounting for over 40% of global emissions. Diesel and gasoline currently power 90% of APAC’s fleet. 

No. of fleet vehicles

300m (70% passenger cars, 15% commercial vehicles, 8% two-wheelers, 3% buses and 4% other).

Avg. Age of fleet vehicle

7.5 years (passenger cars), 12.5 years (commercial vehicles), 13.2 years (two-wheelers).

Avg. Annual fleet mileage

7,456 miles

Avg. fleet vehicle cost

US$500-2,000/month

Avg. lease duration

3-5 years

Government Goals

APAC governments are setting ambitious targets for EV adoption and renewable energy. But as coal production is such a large part of the economy, transitioning away from it is slow. 

·      China has pledged to invest $1.2 trillion in renewable energy by 2025. 

·      India has pledged to invest $1 trillion in renewable energy by 2030. The country is also providing subsidies and tax breaks for EV adoption.

·      South Korea: South Korea has pledged to invest $41 billion in hydrogen fuel cell technology by 2040. The country is also investing in FCEV manufacturing and infrastructure development.

·      Japan: Japan has pledged to invest $4 trillion in renewable energy by 2050. 

By harnessing its technological prowess and manufacturing capabilities, APAC can play a pivotal role in shaping a cleaner, healthier, and more sustainable future for mobility.

Read the E-Book on Real Road to Sustainabilty here 

Image: Shutterstock

Authored by: Alison Pittaway