CBRE AdaptiveSpaces Howwillelectric vehiclesimpact realestatein AsiaPacific? REPORT EVCharging Infrastructure CBRERESEARCH OCIOHER2023 01 Stronggrowthin electricvehiclesales Whatisnelectricehicle? Plug-inHybridElectricVehiclecPHE) –PHEvsarpoweiodbyanintornalcombusLiori engineandelectric.mator.Thisenablesthemtouseoff-boardelectricitytorpower –SampleMxdeals:FordEscape,Volkswagen TiguanSyy BattervElectricvehicletBEvy – Alsoknownasan"All-electric"vehicle,BEvs haveaballeryLhalischargudbypluggingLhc vehicleintochargingequipment. –SampleModels:BYDSeagull,TeslaModel3 FuelElectricvehicleFCEv) –FCEVsareelectricvehiclesthatusehydrogenfuelcellstapowertheirelec:tricrmnotars.Most don'thaveplug-incapabilitiestochargethe baLlcry.insleaddoingsobyrcfuclling hyrrngen –SampleModels:ToyotaMirai,HyundaiNEXO Jo,LDxrt"emts_n'wuCU<LKereych.etys'zuz Proposedlateslorphasing outthesaleofnewinlernal combustionengine(ICL) vehicles 2030 2035 Aus.alls-AC HorKigS4R <oreg Theland Japan 2040 Idia NcZalunicl ToirxanVictrani 2050 Inrlorcsin1 AlmostallmarketsinAsiaPacificplantophaseutthesaleof newinternalcomhustinnengne(icE3vehicles,t.hebulknfwhich ccmpriscpassengorcars,<vcrtronexttwocloclos Singiapoichasecl-hornos.aggrcssivodeadline(2030)sulwill ccrtinuetopermitthesalecthybridelectriccars.Othercourtriesareaimingtcplseou:ICEvehiclesbetween2035-2049. Inaclditiontnelectricverirles,tlhernmirayem*swillseethe IntrocuctionofZcroEmisalonVehiclos(ZEv3,suchashydrogc fuulcelluleclriuvhicos. ToyotaandHyundaiarealreadyselinghydrogenpassengercarsiNortl-Asia,whileutomrakersinmairlandChiraareramaingLpivestmentinhycrogercammercislvehicles:inclu.dingtrucks andousos Governments committophasing outICEvehicles l,F:3F[:-5*81*(r5 Mr.caCE:Irtcrnacrmaustcrcrcin,LaJiltr*JIdHrqaIn: CldetelZsv-_thsscrvehclv<sehreilt:dkesretam Rs(Axarr.1-+.>.tAnisamihan.a-1d-a.if.Ar.I(.twAr l,i r'lleltri>fk::ect*estatenAsFecilly:A5IAPACIFIC JK_R_SLAKCI *+22SC3RCIN: Jrl,3x r'lleltri>fK:1:ect*3etatenAsFeliy:A5IAPACIFIC EVcarsaleshave grownby85%per annumoverthepast twoyears Electricveniclesalesookoffin202casvehiclesandch=rginginfrsatructu'ehecamemoreaccesshle. Globalelectriccarsalesperannum(million) Lwc.E[orJ.' 20202022 40 Anru1:t1 2022-2030 85% 17% a5 30 25 20 15 10 Farecast vainlandc:hina Europe IUS Restc:1ewrc GrowthofpassengercarsalesinAsiaPacific (2020-2022annualisedgrowth) I'ess1ger:actrlcarales rlalParngrSilr 490%379% 231% 235 153% 137%129/%127% 108% 102% 84%84%82% 37% EJ edcJ i Ching LEder :1s [a1.1 Valnland HongK1gSa.l! S1.t11+1elia-IFFr3sy+Yy1aTAli.-Cag41sIr+r.V1-lis*Vanule:af.I4IT-an-ftr1n,ha-ilp-T'S+(Rpar-,T-an-jr.r1'-rmRr.H't,Ko't,FAn,CR2F ase3*cscF:sbcr2323 wiorldldcsslosofoetricvehelostri>ledinthcspaoeoftwo ycars,ruaching10rnillionin2022,witf:AsiaPacificaccuunlingtoralmostvothirclsctthisfigure.Over=llp=ssengerca'sales Gnvernmentpolicesnclt.dingsuasidieaalldtaxincentives, alongwi.hthcriscofdomosicI>ran<ls,havemacomainlanc ChiraLhubigguslriarkulfuruleclricvohicozales.Howvur. SingaporeandIrdiaareregisteringthestrongestsslesgrowch duetotheirlowbase. felinmanyrarketsoverthesamepeicd. Sslesnfelect-icvehicleswilremainbrskinthemedumerin ThoInternationalEnergyAgencyforecastsannualgolxaclcctric carzaloswilltrioicLhar:-lipleLu37imiliur'Ly20G0. UJK_R_SLAKCI *+22SC3RCIN: .s[heti,a-g-rel.thle1gyey.It*ghthstoredalkt-imlvit-lya.I#yhs2reF1eulgafsTF+-t5'e1t.ey] -rlIeltri>:tK:1:et*estateneilyA5IAPACIFIC Electriccarsasapercentageoftotalcarstockandasapercentageoftotalcarsales cfc9*stoc<(asoferc2022) %efc9sE2sIn2022 -OC% &G 80% 70% RO%. 5C. 4C% JCX 2C% 14.0% 1C% 2.1% %3 SAR pμo,A! 5 EpeL EIFU Chin: Kurx sder SHN Stetes Germany Australis pueLEy. HrriuyKare: Electriccars accountforjust 2.1%oftotalglobal vehiclestock Despitetheexponentiagrewth'nsaleswitnessedinrecent years,eectricvehiclesaccountedfcrjust14%ofcarsalesand2.7%.oftotalraratarkworlclvicein2Y22. Norwayisleadinsithc:trensitiontoolecticvchicles,withclccLricvuhicoachiuvirngansB%sharuufncvcarsalusiri HongKcngSARisattheforeafrontofad.opticninAsia Pacifα.Electricvehiclesaccountedfnr5:3%,ofcverallvehicle $olosin2022. ExcluclirnigHongKunySARaridriainlaridch'na,cloclri: vehiclessccountedlessthan2%ofexiscingvehiclestcc<inAsiaPacificasoftheerdof2022. J,. irura.Interiatinnalbre'g:gency,HKHesa:ch.Srptember2.x3.Yoie:CxlJd1gbJsus,tiucksarlvans. UJK_R_SLAKCI *+2SSC3RCIN: 02 Risingdemandfor charginginfrastructure rlleltri>tk:ecteestatensFeciliy A5IAPACIFIC 175-350hours 15-120haurs Lessthan7haurs (-1hourwith35Qkwcharger) J,. (Typical7kw) 3-20kw 1-2kw Poweroutput FastCharging Level3 Lavel2 Lvel1 Chargertypes AlternatingCurrent(AC) AlternatingCurrent(AC) DirectCurrent(DC) PasstngerBEv (70kWh) Comnercialvehiclessuehasheavv-d.rtvtrucksrequ'refst chargingduetotheirhigerhcrsepcvieranclonger Lightcommercial endurance.ThisnaturallyleadstohicherdeTardfarCc Lessthan2hours vehicle 50-100hours 5-35hours chargrsInInclustrlalsndloxglstiesfacilltios. (-17minswith350kwchar