The green transportation revolution has been uneven in its reach. While one in four new cars sold in Europe and one in five in China is electric, Asia ex China has quite a bit of catching up to do, signalled Cheryl Tan from Julius Baer.

The head of funds specialists, Singapore, remains bullish on the electrification sector, despite all the macroeconomic uncertainty and market volatility. She agrees that more policy measures funding and operational strategies will be required to drive the electrification of the medium and heavy duty commercial vehicle segment, but is confident that this will happen.

“Traditional suppliers and operators are investing heavily in R&D to develop solutions for the electrification of the maritime sector,” she noted. “But it is unlikely that the aviation industry can transition away from fossil fuels anytime soon.”