Cost is key for Southeast Asia to attract EV investment, BCG says

JAKARTA -- Southeast Asian countries looking to enter the electric vehicle supply chain must do more to reduce costs if they want to take advantage of the trade friction between China and the West over EVs, Boston Consulting Group's Asia-Pacific chief told Nikkei Asia.

Alex Dolya, managing director and leader for Asia-Pacific operations at the consultancy, said the higher tariffs imposed by the U.S. and the European Union on Chinese EVs are unlikely to be the last restrictions in the sector. Trade barriers will continue to evolve and might come from other countries, he said.