65 INTEGRATED ANNUAL REPORT 2026 BUSINESS REVIEWS | MARKET LANDSCAPE YINSON GREENTECH Electrification is a central pillar of global decarbonisation pathways, particularly across transport, industrial processes and end‑use energy consumption. EV sales globally have surged from approximately 2% to 25% of new cars in just five years, although continued scaling depends on charging networks and policy support. As energy systems become cleaner, electrification is creating stronger linkages between the power, transport and digital infrastructure sectors, reinforcing demand for electric mobility, charging infrastructure and digitally-enabled energy solutions. The pace of electrification is constrained by the availability of supporting infrastructure, including power networks, charging systems and digital platforms. In many markets, the integration of electric transport into existing energy systems presents operational and regulatory challenges that require coordinated planning and investment. The electrification outlook is also shaped by the interaction between public policy, private investment and consumer behaviour. Policy incentives play a critical role in accelerating adoption, while investment confidence depends on clarity around long-term regulatory direction and market design. At the same time, electrification introduces new demands on energy systems, emphasising the need for grid reinforcement, and digital optimisation to manage variability and load growth. Annual spending on grids rose to nearly USD 390 billion in 2024 and, in the IEA’s Current Policies Scenario, is projected to reach about USD 650 billion by 2035. In parallel, global investment in power grids reached USD 483 billion in 2025, reflecting accelerating efforts to strengthen networks and connect new generation and demand. Looking forward, electrification‑driven markets are expected to continue expanding as part of broader energy system transformation. However, growth trajectories are likely to differ across regions and applications, reflecting varying levels of infrastructure maturity and institutional readiness. The market outlook for green technology‑related segments is therefore characterised by significant long‑term opportunity, tempered by execution risks associated with infrastructure development, system integration and policy alignment. Taken together, these market outlooks reflect an energy system in transition, where progress is neither linear nor uniform. Market outcomes will continue to be shaped by the interplay between ambition and execution, investment discipline and system‑level constraints, reinforcing the importance of adaptability in navigating an evolving energy landscape. Against this backdrop, Yinson GreenTech is well positioned to capture the opportunities created by accelerating electrification. Our businesses in EV charging, EV leasing and marine electrification – supported by customer-centric digital solutions – directly address the emerging needs of both consumers and enterprises. With clearly defined growth areas, a solid foundation of operational experience and assets, and an agile, execution-focused team, we are equipped to scale effectively as these market shifts intensify. Source: World Energy Outlook 2025. Electric car sales (Million units) Electric two/three-wheeler sales (Million units) 2023 2030 10 20 30 40 50 60 China Other European Union India United States Southeast Asia 2023 2030 10 20 30 40 50 60
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