JakartaGlobe-Feb 6

ASEAN member states are in talks for a regional ecosystem of electric vehicles as chair Indonesia seeks to make Southeast Asia remain an epicenter of economic growth, according to the Foreign Affairs Ministry. “This is about how we can set up a regional [EV] ecosystem that adopts the same or at least similar regulations. So every producer has a regional outlook and is not only focusing on the domestic [market],” Sidharto Suryodipuro, the ministry’s director-general for ASEAN cooperation, said on Monday at the Forum Merdeka Barat (FMB9) conference. According to Sidharto, Indonesia has a comparative advantage — or even possibly a competitive advantage — in this field. As one of the world’s largest economies, the Southeast Asian bloc has what it takes to set the standards for EVs. “Today’s EV producers — be it China, South Korea, or the US — vary in standards. But what if Southeast Asia creates its own standards which others will also follow? This region is home to almost 700 million people and is the world’s fifth-largest economy. So we should have been able to become an epicenter of growth that also sets the standards,” the envoy told the forum. Almost a quarter of ASEAN countries’ foreign trade takes place within the Southeast Asian region. Read more at: https://jakartaglobe.id/business/asean-countries-in-talks-for-regional-ev-ecosystem