Bangladesh is one of the most promising markets for the expansion of four-wheeled automobiles. The number of automobiles registered from 2011 to 2022 (up to February) is 5.11 million. Although commercial vehicles are dominant, the growing purchasing power of the middle-income population has spurred passenger vehicle registration. Due to steadily increasing per capita income as well as increasing economic activity, the demand for both passenger and commercial vehicles is expected to grow at a rapid pace. The country is in the process of finalizing its first-ever automobile sector policy and global trends are making prospects of Electric vehicles (EV) strong.
Session Objectives:
• Highlight the prospects of the automobile industry in Bangladesh and various product categories in the automobile value chain.
• Policy and market priorities for Bangladesh in order to make transition towards the era of smart transportation.
• Deliberating on the potential of the EV and EV manufacturing/operations ecosystem and how Bangladesh can capitalize on these opportunities.
