The floating solar photovoltaic power plant by EDPR Sunseap Group, a unit of Energias de Portugal SA, in Woodlands, in Singapore, on Wednesday, Dec. 7, 2022.
Bryan van der Beek | Bloomberg | Getty Images
Southeast Asia is home to some of the world’s fastest-growing economies. As energy demand grows, the region is turning to renewable energy to safeguard its energy security.
Energy demand in Southeast Asia has increased by an average of 3% each year over the past two decades — a trend that will continue to 2030 under current policy settings, according to the International Energy Agency.
But fossil fuels still dominate the region’s energy mix, making up about 83% in 2020 compared to renewables’ share of 14.2% in the same period, research from the ASEAN Center for Energy showed.
By 2050, oil, natural gas and coal will account for 88% of the total primary energy supply, the center said.
This “huge dependence” on fossil fuels increases the region’s vulnerability to energyprice shocks and supply constraints, saidZulfikar Yurnaidi, manager of energy modeling and policy planning at the ASEAN Center for Energy.
Global events such as the pandemic and Russia’s invasion of Ukraine have driven up prices in recent years, with benchmark oil prices reaching its highest level in over a decade in March last year. Just last week, oil prices popped nearly 6% as Middle East tensions soared following Hamas militants’ air, sea and land assault on Israel.
“Our fiscal capacity is different from Europe. We can’t outbid everyone to get our own gas supply,” said Yurnaidi.
In particular, Southeast Asia’s gas and coal power sectors have expanded as power grows, increasingly exposing these markets to volatile fossil fuel prices on the international market, said David Thoo, power and low carbon energy analyst at BMI Fitch Solutions.
Overall, the region’s policies and trends show countries are eager to transition to clean energy.
Zulfikar Yurnaidi
ASEAN Center for Energy
If Southeast Asian nations do not make significant discoveries or add to existing production infrastructure, the region will become a net importer of natural gas by 2025 and coal by 2039, the ASEAN Center for Energy estimated. That’s going to raise fossil fuel prices and exert further strain on consumers.
To prevent this, the region must diversify its energy sources for economic growth and security, said Yurnaidi.
Most, if not all, Southeast Asian markets have taken strides to announce renewable energy targets and formulate their low-carbon energy transition plans, said Thoo.
“Overall, the region’s policies and trends show countries are eager to transition to clean energy,” said Yurnaidi.
Energy transitions from Malaysia to Indonesia
Malaysia launched its National Energy Transition Roadmap in July, which will scale up its renewable energy capacity and reduce its growing dependence on natural gas imports, according to the Ministry of Economy.
The roadmap identified 10 flagship projects, including plans to build a one-gigawatt solar photovoltaic plant — Southeast Asia’s largest — that can directly covert sunlight into energy, the ministry said.
Solar power has remained the most encouraging segment of Malaysia’s renewable energy landscape since 2011, with an installed capacity compound annual growth rate of 48%, according to the authorities.
Other planned developments include an integrated renewable energy zone, five centralized large-scale solar parks and three green hydrogen production plants. These projects will leverage Malaysia’s estimated 290 gigawatts of technical renewable energy potential to create a more resilient, low-carbon power system, said the ministry.
In May, Vietnam announced its Power Development Plan 8, a commitment to boost wind and gas energy while reducing its reliance on coal.
Renewable energy sources such as wind and solar are projected to account for at least 31% of national energy needs by 2030, the government said, according to Reuters.
Under the plan, all coal plants must be converted to alternative fuels or cease operations by 2050, said the release. Although coal will remain an important energy source in the near term, accounting for an estimated 20% of the country’s total energy mix in 2030, it would be a decrease from nearly 31% in 2020, said Reuters.
Singapore’s Green Plan 2023 similarly emphasizes an uptake in renewable energy. It targets an increase in solar energy deployment to at least 2 gigawatts of capacity by 2030, which will meet about 3% of projected electricity demand, said the Ministry of Sustainability and the Environment.
About 95% of Singapore’s electricity is generated from natural gas, a fossil fuel energy source, according to the ministry.
Although Singapore’s geographical constraints limit its renewable energy options, the plan will implement measures like rooftop solar panels as well as importing electricity and hydrogen from other Southeast Asian countries to reduce reliance on fossil fuels.
Last year, Singapore’s Keppel Electric signed a two-year agreement with Laos to import up to 100MW of renewable hydropower through Thailand and Malaysia. This marked Singapore’s first renewable energy import, as well as the first multilateral cross-border electricity trade involving four ASEAN members, reported local media.
“It is clear that the region understands the role of energy reliability and resilience amidst various energy shocks,” said Yurnaidi.
The Philippines
Southeast Asian markets are also looking to attract foreigncompanies with expertise on renewable energy to develop their renewables sectors, said BMI’s Thoo.
“Renewables [here] are fairly less developed than China and Western markets,” he added.
In November, the Philippines removed Filipino ownership requirementsin certain renewable energy resources, allowing foreign investors to fully own projects involving solar, wind, hydro or ocean energy resources, according to international law firm Baker McKenzie. Foreign firms could own only up to 40% of such energy projects in the past.
Foreign ownership is essential in facilitating renewable wind generation projects in the Philippines, which has the potential to install 21 gigawatts of offshore wind power by 2040, according to a report by the World Bank. That’s equivalent to about one-fifth of its electricity supply, the report pointed out.
The Philippines relies heavily on imported fossil fuels, putting it at risk of supply constraints and price increases, said the report.
But the World Bank saidforeign companies can bring their knowledge and experience to the table, especially in helping renewable energy projects move from pre-development to later stages that involve higher expenditure.
Indonesia has also relaxed some foreign ownership restrictions to generate momentum in renewable energy investments.
For example, it now allows 100% foreign ownership of power transmission, power distribution and power generation (with a capacity of more than 1 megawatt) projects, according to the Asia Business Law Journal.
“We are optimistic that a lot of foreign investment will come in over the next few years, resulting in more renewable energy projects in the region,” said Yurnaidi.
Kia’s fastest car (EV or gas) is getting a major upgrade. The new Kia EV6 GT was spotted in the US for the first time, and it looks like a drastic improvement from the already sporty EV. Check out Kia’s new EV6 GT in matte blue.
With a starting price tag of just over $60,000, the EV6 GT (see our review) is one of the most affordable electric sports cars on the market.
With up to 576 hp and 545 lb-ft of torque, Kia’s EV can accelerate from 0 to 60 mph in just 3.4 seconds. The EV6 GT is not only Kia’s most powerful vehicle so far, but it’s also among the fastest cars from any automaker, including gas-powered ones.
Kia put its top performer up against a Ferrari Roma and Lamborghini Huracan Evo Spyder RWD to prove it. An independent test by AMCI confirmed the electric sports car “out-accelerated” the iconic sports cars.
Now, Kia’s EV6 GT is getting even more powerful, dynamic, and sporty. Kia launched the upgraded model in Korea in late November, starting at just over $50,000 (72.2 million won).
Kia’s new EV6 refresh debuted in the US at the LA Auto Show in November. It now has even more driving range, faster charging, and a slick new look. It even includes an NACS port for charging at Tesla Superchargers. The new GT trim boasts up to 641 hp (478 kW) and 568 lb-ft (770 Nm) max torque, which is good for a 0 to 62 mph (0 to 100 km/h) sprint in just 3.5 seconds.
What to expect from Kia’s new EV6 GT in the US
Powered by Kia’s fourth-generation battery pack, the new EV6 GT has a driving range of up to 220 miles (355 km), up from 332 km (206 mi) in the outgoing model.
With deliveries approaching, the new EV6 GT was spotted in the US for the first time without any camouflage. The video from KindelAuto gives us a good look at what to expect from Kia’s sporty new EV. The most noticeable feature is the matte blue, which adds to the already sleek design.
You can see other upgrades immediately, like the redesigned front bumper and headlights. The rear bumper is wider with a wing-type design, while the 3-D taillights are based on Kia’s Star Map design.
It also pulls a fan favorite from Hyundai’s IONIQ 5 N with a new Virtual Gear Shift (VGS) feature. We caught it in action last month after a Korean YouTuber showed off how it works (see the video here).
Kia will build 2025 EV6 models, except the GT trim, at its Georgia assembly plant alongside the new EV9. The new model will be available in Light (RWD), Light Long Range (RWD or e-AWD), Wind (RWD or e-AWD), GT-Line (RWD or e-AWD), and GT (e-AWD) trims. It is expected to go on sale in the first half of next year.
With a larger 84 kWh battery pack, the refreshed EV has a range of 319 miles, up from 310 in the outgoing model.
Kia also upgraded the interior with its new connected car Navigation Cockpit (ccNC) OS system, which features dual 12.3″ driver and infotainment screens in a curved display.
A Kia official said the upgraded model “will become a new standard that will change the paradigm of high-performance electric vehicles.”
Do you agree? Can it compete with top-of-the-line EV sports cars like the Tesla Model S Plaid or Porsche Taycan Turbo GT? It’s already about half the cost. In the comments below, let us know your thoughts on the upgraded EV6 GT.
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A Tesla Cybercab, or Robotaxi, Tesla has been using the names alternatively, has been spotted with a steering wheel – raising questions.
Last year, Tesla unveiled the Cybercab, a two-seat steering wheel-less electric vehicle that the automaker claims will power a fleet of autonomous ride-hailing vehicles.
At the unveiling, Tesla gave some rides in the vehicle, but it was on a closed circuits on private roads with teleoperations. The vehicle didn’t display capabilities much more advanced than what it already deployed in customer vehicles.
Many industry watchers are skeptical about the vehicle because it relies on the same ‘Full Self-Driving (Supervised)’ technology in Tesla’s existing vehicles. However, Tesla is betting that it will be able to make it “unsupervised” by the time this vehicle gets into production in 2026 since it doesn’t have a steering wheel to be “supervised” like Tesla’s existing customer fleet.
But now, a Tesla Cybercab has been spotted with a steering wheel at Gigafactory Texas:
The picture was taken by Joe Tegtmeyer, who often flies drones over Tesla’s Gigafactory Texas in Austin.
Some questioned whether the image showed a wheel or a shadow, but it becomes quite clear that it is a steering wheel when playing with image’s contrast and exposure:
This is raising some questions. Some are questioning if it means Tesla is also planning a consumer version of the vehicle with a steering wheel, but that sounds like wishful thinking as Tesla insisted that this vehicle will launch without a steering wheel.
The more likely explanation is that Tesla is using a steering wheel to test the vehicle with driver supervision, as its current technology relies on it. This also enables it to avoid some reporting regulations regarding autonomous driving test programs.
We questioned this claim, which he made off the cuff when playing a video game, as Tesla has no autonomous driving test permit. It sounds like he either confused it with the supervised ride-hailing service for employees in the Bay Area announced last quarter or the limited testing with Cybercabs at Gigafafactory Texas’ private roads that we have seen before.
This Cybercab with a steering wheel could show that Tesla is actually conducting these trials supervised, which would make more sense.
What do you think? Let us know in the comment section below.
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The world’s largest electric vehicle maker is becoming a force in the global auto market. BYD confirmed it’s on track to open another massive EV plant overseas by the end of 2025. The new facility in Indonesia will be able to produce 150,000 vehicles a year as BYD expands its overseas manufacturing footprint.
After selling a record over 4.27 million new energy vehicles (NEVs) last year, BYD is turning up the pressure in 2025.
Tesla topped BYD by about 25,000 units last year for the global EV sales crown. However, in terms of production, China’s leader sneaked past Tesla by about 4,500 vehicles to claim the title of “World’s largest EV maker” for 2024.
As a new wave of homegrown EVs arrives in China, BYD is focusing on overseas markets to drive growth in 2025.
After opening its first EV plant in Thailand last year, BYD confirmed another overseas manufacturing facility is on track to open by the end of the year. In a new interview with Reuters, Eagles Zhao, BYD’s president director in Indonesia, said the company is aiming to finish the $1 billion manufacturing plant in the region by the end of 2025.
“Every single progression of our local manufacturing is quite smooth and also on the track. We will keep our commitment, which is by end-2025,” Zhao said.
BYD to open new overseas EV plant in Indonesia in 2025
According to Zhao, BYD plans to use the new EV plant for exports as it aggressively expands into overseas markets.
Like its plant in Thailand, the new overseas facility will have a production capacity of 150,000 vehicles. Because of the $1 billion investment, BYD has been temporarily allowed to ship cars into Indonesia without an important tax.
The move is part of Indonesia’s goal to build 600,000 EVs domestically by 2030. Like other Southeast Asian countries, Indonesia is introducing new policies to attract foreign investments and take advantage of the market’s shift to EVs.
BYD is already the leading EV maker in Indonesia, accounting for over a third (36%) of the market. According to the auto association, the EV giant sold nearly 15,500 vehicles last year, its first full sales year.
The company already sells several popular models in Indonesia, including the Seal, Atto 3, and Dolphin. Last summer, it launched its first electric multi-purpose vehicle (MPV), the M6. BYD said the M6 was already its best-selling vehicle last year. This week, BYD is introducing its luxury Denza brand.
According to Zhao, BYD will launch more vehicles in the region this year but didn’t say what models or how many to expect.
Once construction is complete, Zhao expects production to begin shortly after. With new models arriving, BYD expects “rapid” sales growth in Indonesia this year.
Electrek’s Take
BYD’s rapid rise in the global auto market is already causing legacy automakers to scramble. For example, Japan’s Honda and Nissan are now teaming up as they struggle to keep pace with BYD and other Chinese EV makers.
Japanese car brands like Toyota and Honda have historically dominated Southeast Asia. Once representing over 90% of the market, Japanese automakers have watched their share of the “Detroit of Asia,” or Thailand, fall to just 76% over the past two years.
In fact, BYD sold more electric cars in Japan last year than Toyota, and 2024 was BYD’s first full sales year in Toyota’s home market.
BYD is quickly expanding the brand globally with new plants opening in Mexico, Brazil, Hungary, Turkey, and Pakistan.
Although BYD is best known for low-cost EVs like the Seagull and Dolphin, it is launching new models in just about every segment, including pickup trucks, smart SUVs, luxury models, and electric supercars.
One thing is for certain: BYD will continue to be a name to watch in 2025 as the company looks to maintain its impressive global sales run.
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