The new report from Temasek and LeapFrog Investments makes a compelling case for decarbonizing transportation at scale throughout India and Southeast Asia.
The electric vehicle market in both regions is set to explode, reaching $1.3 trillion by 2030, driven by rising incomes, increased vehicle ownership, and a growing focus on sustainability.
Venture capital funds and PE firms are fully committed to the transition and are exploring opportunities from battery technology and manufacturing to components, charging infrastructure, and mobility services.
“As governments around the world see the economic benefits of investing in grid-connected renewables over the cost of providing ongoing fossil fuel subsidies, the electric-mobility revolution is likely to gain further momentum,” added the report.
