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If this pace continues for another 5 years, will gasoline cars in Southeast Asia be "killed" faster than many traditional oil and gas and automobile companies predict?
According to a new report from the International Energy Agency IEA, electric vehicle sales in Southeast Asia will more than double in 2025 and continue to increase by about 80 percent in the first quarter of 2026 compared to the same period last year. This is one of the fastest EV growth rates globally today.
The most notable thing is that the game is no longer just about Tesla. The Southeast Asian market is witnessing extremely strong competition between VinFast, BYD, Wuling, Hyundai, MG, Great Wall Motor and many other Chinese companies. In particular, the IEA said that more than half of electric vehicles sold in Southeast Asia in 2025 will come from Chinese brands, while about a third will come from a Vietnamese automaker.
Southeast Asia EV growth table for the period 2025–2026
Gain Index
Southeast Asia EV sales in 2025 More than double
Growth in the first quarter of 2026 About 80 percent
Global EV expected in 2025 More than 20 million vehicles
Global electric vehicle share in 2025 More than 25 percent of new vehicles
Vietnam is emerging extremely quickly in the region thanks to VinFast. According to the IEA, in the first quarter of 2025 alone, electric vehicle sales in Vietnam have approached the 35,000 mark, nearly 4 times higher than the same period in the past. This is a number that makes many marketsOther ASEAN countries must pay attention.
Comparison table of some Southeast Asian EV markets
Country Highlights
Vietnam VinFast grows extremely fast
Thailand Regional EV manufacturing hub
Indonesia Promotes Batteries and Charging Stations
Singapore The rate of new EVs is very high
Malaysia Accelerates charging infrastructure
While Tesla once led the global electric vehicle wave, Southeast Asia is now the playground where BYD and VinFast accelerate the most. BYD is expanding factories and showrooms extremely quickly in Thailand, Indonesia and Malaysia, while VinFast is covering electric taxi systems, personal vehicles and charging stations in Vietnam.
Another important factor is the sharp decline in battery prices, making electric vehicles increasingly more accessible. The IEA believes that falling battery and electric vehicle costs are creating a new “tipping point” for the global EV market.
Table of impacts of the EV wave on the region
Area of Impact
Petroleum Long-term reduction in petroleum consumption
Electricity Increased demand for electricity and charging
Industry Booming battery and component factories
AI technology and smart car software are increasing sharply
Environment Reduce urban emissions
Notably, electricity demand from EVs, AI and data centers in Southeast Asia is forecast to increase by more than 100 TWh in the next few years. This means the new battle is not just about selling electric cars, but also about electricity, batteries, charging stations and the energy supply chain.
Many international experts even believe that the global EV market has entered the "point of no return". Once users get used to low operating costs and strong enough charging infrastructure, gasoline cars will gradually lose their traditional advantages.The big question now is no longer "will electric cars develop or not", but which company will survive the fiercest price and technology war in the history of the auto industry.
#VinFast #BYD #Tesla #Electric VehiclesVietnam #IEA #EV2026 #Energy #Green Technology #Electric Cars #EV Batteries #Charging Stations #Electric Vehicle Trends #Southeast Asia #Energy Transition
