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Akij Consulting Business Desk

The Electric Vehicle: Driving New Potential In Bangladeshโ€™s Market

๐——๐—ฟ๐—ถ๐˜ƒ๐—ถ๐—ป๐—ด ๐—•๐—ฎ๐—ป๐—ด๐—น๐—ฎ๐—ฑ๐—ฒ๐˜€๐—ตโ€™๐˜€ ๐—˜๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ถ๐—ฐ ๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ: ๐—จ๐—ป๐—น๐—ผ๐—ฐ๐—ธ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—˜๐—ฉ ๐—ข๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜‚๐—ป๐—ถ๐˜๐˜†

The global electric vehicle (EV) market is accelerating at record speed. In the first half of 2025, EV sales crossed 7.2 million unitsโ€”a 28% jump from 2024. China leads with 4.4 million sales, while the U.S., Europe, and India rapidly scale adoption.

For Bangladesh, this is more than a transportation shiftโ€”itโ€™s an economic and environmental opportunity. By 2030, EVs could displace 2.5 million barrels of oil per day globally. Locally, this transition could cut 3.39 million tons of COโ‚‚ emissions, reduce energy dependency, and strengthen sustainability.

๐—•๐—ฎ๐—ป๐—ด๐—น๐—ฎ๐—ฑ๐—ฒ๐˜€๐—ตโ€™๐˜€ ๐—˜๐—ฉ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜: ๐—ฆ๐—ถ๐—ด๐—ป๐˜€ ๐—ผ๐—ณ ๐—”๐—ฐ๐—ฐ๐—ฒ๐—น๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป

Bangladesh is at the early stages of its EV journey but progress is visible:

>4,152 EVs registered and 114 charging stations established as of May 2025.
>Ambitious target of 30% EV adoption by 2030.
>Local manufacturing on the rise with Nitol-Niloyโ€™s โ€œSuvareโ€ and electric
motorbikes from Walton, Runner, Akij, and Duranta.
>Growing investment in electric three-wheelers, with companies like Omega
Seiki betting big on mass commuter electrification.

๐—•๐—ฎ๐—ฟ๐—ฟ๐—ถ๐—ฒ๐—ฟ๐˜€ ๐—ผ๐—ป ๐˜๐—ต๐—ฒ ๐—ฅ๐—ผ๐—ฎ๐—ฑ

>Charging gaps: only 14 approved stations (vs. 41,400 in the U.S.)
>Traffic congestion: Dhakaโ€™s bottlenecks could limit EV efficiency
>High costs: upfront affordability still a barrier
>Fossil dominance: 307,000+ fuel vehicles remain in use

๐—ฃ๐—ฎ๐˜๐—ต ๐—ณ๐—ผ๐—ฟ๐˜„๐—ฎ๐—ฟ๐—ฑ

>Expand charging to 1,200 stations by 2026, backed by World Bank
>Improve traffic management systems for urban EV flow
>Deploy $100M adoption fund, tax breaks & tariff reforms
>Boost local manufacturing: Walton Digi-Tech ($120M lithium battery plant),
BAILโ€™s EV plant, Palkiโ€™s battery swapping hubs

๐—ช๐—ต๐˜† ๐—œ๐˜ ๐— ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€

>75,000 new jobs expected by 2026
>$650M+ foreign investment already secured, including PPPs with global
OEMs
>Strong potential to position Bangladesh as a regional leader in green
mobility

๐—Ÿ๐—ผ๐—ผ๐—ธ๐—ถ๐—ป๐—ด ๐—”๐—ต๐—ฒ๐—ฎ๐—ฑ

Bangladesh targets 30% EV adoption by 2030 and 95% private ownership by 2050. Success demands bold policies, stronger infrastructure, and public-private partnerships.

With the right strategy, Bangladesh can transform todayโ€™s roadblocks into tomorrowโ€™s growth enginesโ€”driving a cleaner, competitive, and sustainable future.

Full Article: The Electric Vehicle: Driving New Potential In Bangladeshโ€™s Market

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