Electric vehicle (EV) ownership needs to start at the bottom of the social pyramid to encourage uptake in Asia, according to an energy specialist. The report by McKinsey Global Institute (MGI) said that while EV sales are growing rapidly across Asia and Europe, they remain low compared with other regions. He added that establishing a local electric car industry can be done with small investment and a basic technology transfer.
Electric vehicle (EV) ownership needs to start at the bottom of the social pyramid to encourage uptake in Asia, according to an energy specialist. Sohail Hasnie, principal energy specialist at the Asian Development Bank, said efforts should be made to help people adopt EVs faster, as poor people in developing countries were more likely to suffer the effects of pollution, volatility in oil prices and unreliable power supplies. He added that establishing a local electric car industry can be done with small investment and a basic technology transfer.