The report discusses the impact of electric vehicles on real estate in Asia Pacific. Governments in most markets in the region are planning to phase out the sale of new internal combustion engine (ICE) vehicles by 2030, with the bulk of these vehicles being passenger cars. Singapore has set a aggressive deadline of 2030, while Australia will phase out ICE vehicles by 2035. Electric vehicles (EVs) will continue to be permitted to sell hybrid electric cars, while other countries such as Korea will also allow the sale of all-electric vehicles between 2035-2049. The report also mentions the introduction of zero-emission vehicles (ZEVs), such as hydrogen fuel cell vehicles, which are already being sold in North Asia and some countries in mainland China. Toyota and Hyundai are already selling hydrogen passenger cars in North Asia, while automakers in mainland China are making lithium-ion batteries. The report concludes that investment in hydrogen fuel cell vehicles is expected to increase, with most of these vehicles not having plug-in capabilities to charge the battery.
