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.
Mammoth Solar, a 1.3 gigawatt (GW) solar farm in northern Indiana, is now powering into its biggest construction phase yet, cementing its place as one of the largest solar projects in the US.
The solar farm is set to increase Indiana’s solar capacity by more than 20% once it’s fully online. And with construction ramping up this month, developer Doral Renewables has given Bechtel Full Notice to Proceed on the design, engineering, and construction of three major phases of the project: Mammoth South, Mammoth Central I, and Mammoth Central II. Together, these phases will generate 900 MW of clean energy.
That’s enough electricity to power around 200,000 homes with clean energy, helping Indiana shift away from fossil fuels while boosting the local economy.
Construction is already underway, and over the next two years, Bechtel will install around 2 million solar panels, with about half of them made in the US. The company is also handling all engineering, procurement, and construction work, using its digital project management tools and autonomous tech to keep everything on track.
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At the peak of the buildout, Mammoth Solar is expected to create over 1,200 jobs, with at least 15% of those set aside for apprenticeships.
Bechtel says its success will hinge on strong collaboration with local trades and vendors. The company is working closely with craft professionals and is committed to being a reliable community partner throughout construction.
Once the solar farm is complete in 2027, Doral Renewables plans to roll out agrivoltaics across the site. That means livestock grazing and crop cultivation will happen right alongside energy production, giving farmers in the area a way to keep working their land while supporting clean energy development.
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BYD is about to launch an even smaller EV, but this one’s a little different. It’s BYD’s first kei car. You know, those tiny vehicles that dominate Japan’s city streets? BYD’s mini EV was just spotted out in public, giving us our first real look at the upcoming kei car.
BYD’s first mini EV was spotted in public
Last week, rumors surfaced that BYD was developing its first kei car, which would compete with top-selling models from Nissan, Honda, Mitsubishi, and other Japanese brands.
Kei cars, or “K-Car,” as they are sometimes called, are a class of ultra-compact vehicles that cannot be longer than 3.4 meters (134″). To put that into perspective, BYD’s smallest EV currently, the Seagull (called the Dolphin Mini overseas), is 3,780 mm (148.8″) long.
The mini vehicles are ideal in Japan because they are so small, making it easy to get around tight city streets. They are also more affordable and efficient than larger vehicles.
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BYD’s mini EV was spotted for the first time during a road test this week by IT Home (via CarNewsChina), revealing a familiar look. It has that boxy, compact look of a typical kei car with sliding side doors.
BYD’s kei car, or mini EV, in camouflage (Source: Sina/ IT Home)
According to reports, BYD is developing a new platform for the model. It will reportedly include a 20 kWh battery, good for 180 km (112 miles) WLTC range. By using its in-house Blade LFP batteries, BYD is expected to have a cost advantage.
BYD’s upcoming mini EV is expected to start at around 2.5 million yen, or about $18,000. That’s about the same as the Nissan Sakura (2.59 million yen), Japan’s best-selling EV last year.
Last year, around 1.55 million kei cars were sold in Japan, accounting for roughly 40% of new vehicle sales. Honda’s N-Box was the top-selling kei car (EV or gas) for the third straight year.
As Nikkei reported, some are already calling BYD’s electric kei car “a huge threat.” A Suzuki dealer said, “Young people do not have a negative view of BYD. It would be a huge threat if the company launches cheap models in Japan.”
Nissan Sakura mini EV (Source: Nissan)
BYD already sells several electric cars in Japan, including the Atto 3 SUV, Dolphin, and Seal. Last month, the company launched the new Sealion 7 midsize electric SUV, starting at 4.95 million yen ($34,500).
Although Japan isn’t really an EV hot spot, with sales falling 33% in 2024 to just under 60,000 units, BYD sees an opportunity.
BYD Dolphin Mini (Seagull) testing in Brazil (Source: BYD)
By making virtually every car component in-house, including batteries, BYD can offer EVs at such low prices while still making a profit. BYD’s cheapest and best-selling electric car, the Seagull, starts at under $10,000 (69,800 yuan) in China.
With new smart driving and charging tech rolling out, BYD’s electric cars are getting smarter and even more efficient.
Can BYD’s mini EV compete with Japanese brands? At the right price, it may have a chance. Check back soon for more on the upcoming kei car. We’ll keep you up to date with the latest.
Ford’s electric pickup truck is back at the top. The F-150 Lightning is once again the best-selling electric pickup in the US after overtaking the Tesla Cybertruck in the first quarter.
Ford’s F-150 Lightning is the best-selling electric pickup
After launching in 2023, Tesla’s Cybertruck quickly outpaced the Lightning to become America’s top-selling EV pickup last year.
Since Tesla doesn’t break down regional sales, registration data gives us our best estimate. The latest registration data from S&P Global Mobility (via Automotive News) shows that the F-150 Lightning retook the title in March and the first quarter of 2025.
Ford’s electric pickup notched 2,598 registrations in March, topping the Tesla Cybertruck with 2,170. In the first quarter, the F-150 Lightning remained ahead with 7,913 registrations, compared to the Cybertruck’s 7,126.
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Although the Cybertruck was the fifth top-selling EV in the US last year, it didn’t even crack the top ten in March. It placed ninth through the first three months of 2025, behind the Volkswagen ID.4.
2025 Ford F-150 Lightning (Source: Ford)
While Tesla and Ford remained the leaders in the electric pickup market, several new models are gaining momentum. According to the most recent numbers from Cox Automotive, GM sold 2,383 Chevy Silverado EVs and 1,249 GMC Sierra EV models in Q1. Meanwhile, Rivian sold 1,727 R1Ts during the quarter.
Earlier today, Electrek reported that new models, including the Honda Prologue and Chevy Blazer EV, helped drive EV registrations up 20% in the US in March.
2026 GMC Sierra EV AT4 (left) and Elevation (right) trims (Source: GMC)
Although the Lightning reclaimed the crown from Tesla, Ford’s electric pickup isn’t exactly flying off the lot. Ford reported Lightning sales fell 16% to just 1,740 units in April. Through April 2025, Ford has sold 8,927 electric trucks, down 9% from the 9,833 it handed over last year.
Electrek’s Take
To be fair, Tesla is still ahead by a wide margin in the US. The S&P numbers show Tesla had over 51,000 registrations in March, up 1% after two months of lower YOY growth.
GM’s Chevy surpassed Ford to become the second-best-selling EV brand with nearly 8,500 registrations, an increase of 274% from last year. Ford dropped to third with 7,361 registrations.
Although it’s just one quarter, it’s starting to show how Tesla CEO Elon Musk’s political antics are likely impacting sales. After the Cybertruck’s initial hype, it appears many buyers are opting for traditional pickups, like the F-150 Lighting.
Meanwhile, Ram is delaying its first electric pickup, the 1500 REV, again. Ram is pushing production back until summer 2027, saying it’s “extending the quality validation period.” The plug-in hybrid (PHEV) Ramcharger will also be delayed until the first quarter of 2026.
After pulling the Ramcharger ahead of the fully electric version last year, Stellantis blamed weak demand for EV pickups in the US.
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