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Maldives

EVS Maldives EV Service Centre Market Entry

Decision-grade market-entry report for an EVS service-centre model in Maldives.

Snapshot: 11 August 202650-page full report
Talk to the expansion team
Documented candidate indicator
586

Gross opportunity indicator; not active stock.

Electric taxis
150

Official state electric taxi fleet.

Gate jobs
142

EVS annual-job gate; not market estimate.

Base payback
131.579

Base simple payback on reversible capex.

Executive summary

The verdict in full

Standalone/franchise is no-go. A reversible Greater Malé managed partner clinic is conditional on a matched active-vehicle census, a fleet contract and all safety/compliance gates.

Decision dashboard

The market is real but narrow: micro-mobility dominates, while the 150-EV taxi fleet is the clearest passenger-EV anchor.

Decision dashboard

Registered vehicle records, end-2023
Value
177,281
Unit
vehicles
Status
All types; not active stock
Source
Official table [stats_vehicle_history].
2024 vehicle registrations
Value
16,153
Unit
vehicles
Status
All types; monthly flow
Source
Official table [stats_vehicle_2024].
2024 battery-car registrations
Value
11
Unit
vehicles
Status
Category flow; PHEV treatment unclear
Source
Official table [stats_vehicle_2024].
State electric taxi fleet, April 2026
Value
150
Unit
vehicles
Status
Operating anchor fleet
Source
President’s Office [presidency_taxi].
Gross passenger/LCV battery opportunity indicator
Value
586
Unit
records/vehicles
Status
Not active stock; no attrition adjustment
Source
EVS reconciliation [stats_vehicle_history][stats_vehicle_2024][presidency_taxi].
Executable SOM
Value
0
Unit
jobs/year
Status
Hard control
Source
EVS [evs_model].

Automotive market size

Official registration records establish scale but not active EV stock.

Automotive market size

2010
Registered Total
46,028
Newly Registered
3,481
Source
[stats_vehicle_history]
2014
Registered Total
66,132
Newly Registered
6,800
Source
[stats_vehicle_history]
2018
Registered Total
108,532
Newly Registered
11,319
Source
[stats_vehicle_history]
2019
Registered Total
121,700
Newly Registered
14,587
Source
[stats_vehicle_history]
2020
Registered Total
130,153
Newly Registered
8,453
Source
[stats_vehicle_history]
2021
Registered Total
142,498
Newly Registered
12,345
Source
[stats_vehicle_history]
2022
Registered Total
158,743
Newly Registered
16,245
Source
[stats_vehicle_history]
2023
Registered Total
177,281
Newly Registered
18,538
Source
[stats_vehicle_history]
2024
Registered Total
—
Newly Registered
16,153
Source
[stats_vehicle_2024]

2024 registration mix

Battery categories were visible, but only 11 battery cars were registered.

2024 registration mix

Motor cycle
Registrations
11,773
Share Pct
72.88
Source
[stats_vehicle_2024]
Car
Registrations
1,731
Share Pct
10.72
Source
[stats_vehicle_2024]
Battery tricycle
Registrations
865
Share Pct
5.35
Source
[stats_vehicle_2024]
Battery scooter
Registrations
519
Share Pct
3.21
Source
[stats_vehicle_2024]
Electric bicycle
Registrations
285
Share Pct
1.76
Source
[stats_vehicle_2024]
Battery car
Registrations
11
Share Pct
0.07
Source
[stats_vehicle_2024]
Other vehicle types
Registrations
969
Share Pct
6
Source
[stats_vehicle_2024]

Battery-vehicle adoption history

Battery categories grew over a decade, mostly in scooters, tricycles and bicycles.

Battery-vehicle adoption history

2010
Battery Car
0
Battery Pickup
—
Battery Scooter
276
Battery Tricycle
—
Electric Bicycle
—
Source
[stats_vehicle_history]
2014
Battery Car
90
Battery Pickup
—
Battery Scooter
417
Battery Tricycle
—
Electric Bicycle
—
Source
[stats_vehicle_history]
2016
Battery Car
208
Battery Pickup
—
Battery Scooter
561
Battery Tricycle
111
Electric Bicycle
0
Source
[stats_vehicle_history]
2018
Battery Car
268
Battery Pickup
—
Battery Scooter
1,367
Battery Tricycle
1,183
Electric Bicycle
150
Source
[stats_vehicle_history]
2020
Battery Car
350
Battery Pickup
23
Battery Scooter
1,878
Battery Tricycle
1,911
Electric Bicycle
1,273
Source
[stats_vehicle_history]
2021
Battery Car
379
Battery Pickup
24
Battery Scooter
2,185
Battery Tricycle
2,400
Electric Bicycle
1,273
Source
[stats_vehicle_history]
2022
Battery Car
384
Battery Pickup
27
Battery Scooter
2,558
Battery Tricycle
3,014
Electric Bicycle
1,624
Source
[stats_vehicle_history]
2023
Battery Car
397
Battery Pickup
28
Battery Scooter
2,844
Battery Tricycle
3,727
Electric Bicycle
2,087
Source
[stats_vehicle_history]
Get the full Maldives analysis
Competitive matrix, location shortlist, incentives, pilot-centre economics and the 90-day entry plan — sent to your inbox.

Adoption milestones

Fleet and infrastructure milestones matter more than headline micro-mobility volume for a car-service bay.

Adoption milestones

2011–2014
Event
Battery-car registered category rose from 9 to 90 records.
Quantity
90
Meaning
Oldest recorded cohorts may now be service-aged, but activity is unknown [stats_vehicle_history].
2016–2023
Event
Battery tricycle records rose from 111 to 3,727.
Quantity
3,727
Meaning
Electrification is dominated by micro-mobility, outside core car/LCV bay economics [stats_vehicle_history].
2022–2023
Event
Six electric minibuses and dedicated Greater Malé charging infrastructure were introduced.
Quantity
6
Meaning
Fleet/infrastructure signal; buses excluded from core pool [mtcc_buses][undp_male_charging].
2024
Event
Battery-category registrations totalled 1,680, but battery cars were only 11.
Quantity
1,680
Meaning
Do not equate micro-mobility growth with passenger-car repair demand [stats_vehicle_2024].
Apr 2026
Event
Government launched 150 Changan-group electric taxis in Greater Malé.
Quantity
150
Meaning
Largest verified passenger-EV fleet anchor [presidency_taxi][taxi_models].
Jul 2026
Event
AutoSphere advertised multiple EV brands with after-sales support.
Quantity
5
Meaning
Offer and incumbent-capability signal; not a sales ranking [autosphere_ev].

Definitions and comparability

Every registry, propulsion, vehicle and charging universe is kept separate.

Definitions and comparability

Battery car / battery pick-up
Definition
Official vehicle-type labels; propulsion is electric but BEV/PHEV treatment is not fully documented.
Included In Candidate
true
Control
Treat as gross registry-category records, not active BEV stock.
Ordinary car
Definition
Vehicle class without propulsion split.
Included In Candidate
false
Control
Do not infer BEV/PHEV from ordinary car records.
Battery scooter/tricycle/e-bicycle
Definition
Electric micro-mobility categories.
Included In Candidate
false
Control
Separate from passenger/LCV workshop TAM; consider a distinct two-wheel service format.
Registered record
Definition
Cumulative registry table category; status/deregistration not supplied.
Included In Candidate
true
Control
No active-stock claim without SIMS extract.
Confirmed fleet vehicle
Definition
Officially inaugurated operating vehicle.
Included In Candidate
true
Control
Service rights, warranty, VIN and contract remain unknown.
Charging station
Definition
A documented charging location or fleet facility.
Included In Candidate
false
Control
Do not convert sites into chargers/connectors/ports or public live assets.

2030 opportunity sensitivities

EVS growth scenarios are anchored to a gross documented indicator, not an official active-stock forecast.

2030 opportunity sensitivities

Cautious
Annual Growth Pct
5
Modelled 2030 Candidate Indicator
712
Basis
EVS sensitivity: 586 documented passenger/light-commercial battery-category records and confirmed fleet vehicles × four years of assumed growth. This is a gross opportunity indicator, not an active-stock forecast.
Base
Annual Growth Pct
15
Modelled 2030 Candidate Indicator
1,025
Basis
EVS sensitivity: 586 documented passenger/light-commercial battery-category records and confirmed fleet vehicles × four years of assumed growth. This is a gross opportunity indicator, not an active-stock forecast.
High
Annual Growth Pct
30
Modelled 2030 Candidate Indicator
1,674
Basis
EVS sensitivity: 586 documented passenger/light-commercial battery-category records and confirmed fleet vehicles × four years of assumed growth. This is a gross opportunity indicator, not an active-stock forecast.

Charging infrastructure

Two documented initiatives do not form a national public live-asset census.

Charging infrastructure

Greater Malé EV-minibus charging stations
Status
Inaugurated June 2023
Access
Fleet-dedicated; public access not established
Count
—
Decision Use
Inspect power, connectors, uptime and maintenance rights [undp_male_charging].
Raa Vaadhoo solar EV charging station
Status
Launched August 2023
Access
Community; free for two-year project period
Count
1
Decision Use
Confirm post-project operation and vehicle compatibility [undp_vaadhoo].
Private/resort/home charging
Status
No authoritative inventory located
Access
Unknown
Count
—
Decision Use
Survey 20 owners/fleets; record connector, kW, protection, uptime and failure history.
National public live charger census
Status
Not located
Access
Unknown
Count
—
Decision Use
Executable count remains null; do not infer from announcements.
Get the full Maldives analysis
Competitive matrix, location shortlist, incentives, pilot-centre economics and the 90-day entry plan — sent to your inbox.

Island-grid reality

Each site needs its own power, protection, climate and utility assessment.

Island-grid reality

Installed solar
Fact
ADB reports 68 MW PV installed by December 2024 against about 600 MW total installed capacity.
Decision Use
Grid remains mixed and island-specific [adb_energy_2024].
3 more rows in the full report

Parc age and service demand

An older battery-car cohort may exist, while the taxi fleet creates high-utilisation wear demand.

Parc age and service demand

Battery-car category has records from 2011 and reached 90 by 2014.
Value
Potential 10+ year cohort exists
Confidence
Medium for registry history; low for active status
Decision Use
Target battery health, 12V, thermal, corrosion and suspension inspections [stats_vehicle_history].
Registered all-vehicle total grew from 46,028 in 2010 to 177,281 in 2023.
Value
3.85× record growth
Confidence
High for official series
Decision Use
General workshop demand is large but not an EV-specific TAM [stats_vehicle_history].
2026 electric taxis operate 24/7.
Value
150 fleet EVs
Confidence
High for fleet size
Decision Use
High utilisation can accelerate tyres, brakes, suspension, cooling and charging-fault demand [presidency_taxi].
Plug-in VIN age, odometer, chemistry, warranty and failure distribution
Value
—
Confidence
Unavailable
Decision Use
Obtain fleet/dealer/registry extracts before stocking parts.

TAM / SAM / SOM

Gross candidate evidence is measurable; current SAM is null and executable SOM is zero.

TAM / SAM / SOM

Gross registry-category pool at end-2023
Value
425
Unit
battery car/pick-up records
Basis
397 battery cars + 28 battery pick-ups.
Classification
Sourced gross records; not active stock [stats_vehicle_history].
Gross 2024 opportunity indicator
Value
436
Unit
records plus flow
Basis
425 + 11 new battery-car registrations; no attrition adjustment.
Classification
EVS reconciliation [stats_vehicle_2024].
Documented 2026 opportunity indicator
Value
586
Unit
records/vehicles
Basis
436 + 150 confirmed taxi EVs.
Classification
Not active stock; some records may be inactive [presidency_taxi].
4 more rows in the full report

Customer segments

Fleet uptime is the priority; micro-mobility requires separate economics.

Customer segments

1
Segment
MTCC Malé Taxi Line
Need
24/7 uptime, battery/thermal diagnostics, tyres, suspension and charging support
Proof
Paid pilot or binding LOI covering ≥25 vehicles.
2
Segment
Resort, airport and institutional fleets
Need
On-island triage, planned visits, documented safety and parts logistics
Proof
VIN list, utilisation, downtime and paid inspection day.
3
Segment
Private passenger EV owners
Need
Battery health, pre-purchase, charging and transparent independent diagnosis
Proof
Deposits and supported VIN demand.
4
Segment
Electric scooters/tricycles
Need
High-volume low-ticket electrical and chassis service
Proof
Separate workflow/economics; do not subsidise car bay.
Get the full Maldives analysis
Competitive matrix, location shortlist, incentives, pilot-centre economics and the 90-day entry plan — sent to your inbox.

Fleet opportunities

The MTCC taxi fleet is the first commercial proof target.

Fleet opportunities

Malé Taxi Line
Signal
150 EVs operating 24/7; 13,073 trips reported over 22 days.
Action
Tender/service-right diligence; inspect 25 VINs and charging logs [presidency_taxi][taxi_trips].
RTL minibus
Signal
Six electric buses and dedicated charging stations documented.
Action
Refer heavy-bus scope unless separate equipment/competence contract [mtcc_buses][undp_male_charging].
Tourism/resorts
Signal
Island-based fleet demand is plausible but no current census obtained.
Action
Interview ten resort engineering/procurement teams; contract travel and battery logistics.
Addu public fleet
Signal
Government announced 2026 taxi expansion.
Action
Treat as pipeline only until vehicles, site and contract are confirmed [presidency_taxi].

Leading brands and models

Changan/Deepal has the clearest fleet presence; other brands are offer signals.

Leading brands and models

Changan / Deepal
Models
Lumin, Deepal S05, Deepal S07
Evidence
150-vehicle state taxi mix
Ranking
Verified fleet anchor, not national share [taxi_models].
BYD
Models
Current AutoSphere offering
Evidence
Commercial 2026 range
Ranking
Availability signal only [autosphere_ev].
BMW / Mercedes-Benz / MINI / Nissan
Models
EV range advertised
Evidence
Commercial 2026 range
Ranking
No registrations or model volumes [autosphere_ev].
Unclassified battery vehicles
Models
Battery car/pick-up categories
Evidence
Official registry tables
Ranking
Brands not disclosed [stats_vehicle_history].

OEM and fleet competitors

Fleet procurement and AutoSphere can both constrain independent service rights.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

OEM and fleet competitors

MTCC / fleet procurement ecosystem
Footprint
Greater Malé; planned Addu
Strength
Owns the largest verified EV fleet and charging relationship
Gap To Verify
Warranty, maintenance contract, parts, OEM tools and outsourcing rights [presidency_taxi].
AutoSphere by The Hawks
Footprint
Hulhumalé
Strength
EV sales, after-sales positioning and equipped general service centre
Gap To Verify
Traction-HV procedures, scan/software rights, battery scope and brand authorisation [autosphere_ev][autosphere_service].

Independent competitors

General workshops have trust and location; HV capability remains unverified.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Independent competitors

Maadu Garage
Footprint
Three Malé workshops
Strength
Long-established all-makes repair/body capability
Gap To Verify
EV isolation, PPE, tools, scan data and battery boundary [maadu].
Other general garages
Footprint
Greater Malé
Strength
Location, trust and low-cost mechanical service
Gap To Verify
No authoritative EV/HV capability register located.
1 more row in the full report

Priority cities and islands

Greater Malé is the only fixed-pilot candidate; all other geographies are contract-led.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Priority cities and islands

1
Region
Greater Malé—Hulhumalé / Malé / Hulhulé
Score
92
Rationale
150-EV taxi fleet, EV minibus charging, AutoSphere and the country’s densest urban/service ecosystem.
Entry
Managed partner clinic in Hulhumalé; mobile days into Malé/Hulhulé.
3 more rows in the full report

Consumer incentives

No unverified current import benefit enters economics.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Consumer incentives

Relative import-duty advantage for EVs
Current Treatment
World Bank described up to 150% advantage in 2022
Status
Historical context; current tariff ruling not verified
Control
Exclude monetary benefit from economics [worldbank_ev_survey].
Public charging support
Current Treatment
Fleet and one community solar initiative documented
Status
Project-specific
Control
No national consumer subsidy assumed [undp_male_charging][undp_vaadhoo].
1 more row in the full report

Business and investment incentives

Foreign investment is a compliance route, not a subsidy.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Business and investment incentives

Foreign investment approval
Status
Structured process under Law 11/2024; USD5,000 administration fee for approved applications
Model Treatment
Fee excluded until structure/sector eligibility is confirmed [foreign_investment].
EV workshop or charger grant
Status
No currently awarded EVS-specific benefit identified
Model Treatment
None.
2 more rows in the full report

Tax and payroll snapshot

Current official rates are planning inputs; written advice controls.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Tax and payroll snapshot

General GST
Rate
8%
Status
Current official rate [gst].
Tourism GST
Rate
17%
Status
From 1 July 2025; resort billing treatment requires advice [gst].
3 more rows in the full report

Entity, licensing and premises

Written determinations precede lease or equipment commitments.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Entity, licensing and premises

Entity and foreign investment
Requirement
Company registration; confirm automotive service sector eligibility, approval, licence and agreement.
Gate Evidence
OneGov records and written ministry approval [company_act][foreign_investment][foreign_sectors].
Transport/workshop
Requirement
Confirm workshop, inspection, modification, road-test, towing and customer-vehicle custody requirements.
Gate Evidence
Written MEDTT determination [transport_regs][trade_contact].
3 more rows in the full report

Labour and competence

Local employment/electrical compliance and traction-HV competence are distinct.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Labour and competence

Country technical lead
Minimum
Supported-VIN/task governance, diagnostic QA, stop-work authority and audit.
Launch Count
1
EV technician
Minimum
Assessed task-specific traction-HV isolation, prove-dead, rescue and first response.
Launch Count
2
3 more rows in the full report

High-voltage safety

Manufacturer procedures, local law and insurer controls apply.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

High-voltage safety

Supported scope
Requirement
VIN/model/task matrix, manufacturer procedures, scan/tool/software evidence and stop-work triggers.
Isolation
Requirement
Identify, shut down, lock/tag, prove-dead, wait for discharge and independently verify.
Work zone/PPE
Requirement
Restricted dry bay, salt/flood controls, rated tools/PPE, signage and daily checks.
Emergency
Requirement
Authority/insurer-reviewed rescue, thermal-event, flood, storm and evacuation plan; quarterly drill.
Competence
Requirement
Task assessment; general electrical/workshop experience does not prove traction-HV competence [iso6469][unr100].

Battery, waste and transport

Traction-pack work remains held.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Battery, waste and transport

12V battery handling
Launch
Allowed conditionally
Evidence
Approved supplier/recipient, spill controls and manifests.
Non-invasive traction-battery health / external inspection
Launch
Conditional
Evidence
Supported procedure, isolation, data consent and no damaged-pack custody.
2 more rows in the full report

Data, consumer and warranty

Independent status, estimates, scope and custody controls are explicit.

Data, consumer and warranty

Estimate and authorisation
Requirement
Written scope, price range, diagnostic limits and approval for changes [consumer].
Independent/OEM status
Requirement
No implied OEM authorisation; disclose warranty, recall, software and data limits.
Parts and warranty
Requirement
Provenance, condition, lead time, manufacturer warranty and EVS workmanship warranty.
Vehicle/data custody
Requirement
Consent, least privilege, secure credentials/logs, deletion schedule and customer export.
Complaints
Requirement
Evidence retention, escalation and Consumer Ombudsman access [consumer].

Operating model

A managed partner bay preserves reversibility.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Operating model

Format
Recommendation
EVS-managed one-bay clinic inside an established Hulhumalé facility; six-month licence, no long lease.
Capital
Recommendation
Cap reversible setup at MVR500,000; rent/share lifts; no traction-pack inventory.
Commercial
Recommendation
Fleet-first SLAs, paid inspection days, owner deposits and transparent menu.
Geography
Recommendation
Greater Malé base; Addu/resort visits only under prepaid logistics.
Governance
Recommendation
Weekly safety/KPI review, monthly gate review and automatic scope stops.

Franchise and rollout model

Standalone rollout is deferred until base payback is investable.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Franchise and rollout model

0 Validate
Format
EVS-managed partner bay
Term
90 days
Capital
≤MVR500k
Gate
G1–G5.
1 Operate
Format
Six-month licensed clinic
Term
6 months
Capital
Reversible only
Gate
Two positive quarters and fleet renewal.
2 Replicate
Format
Addu/resort mobile route
Term
Contracted days
Capital
Shared tools
Gate
Prepaid demand and logistics.
3 Franchise
Format
Standalone centre
Term
Deferred
Capital
No commitment
Gate
Verified market plus ≤3-year base payback.

Annual pilot economics

Only the high case approaches a three-year payback.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Annual pilot economics

Cautious
Jobs
60
Aro Mvr
2,500
Gross Margin Pct
55
Opex Mvr
150,000
Revenue Mvr
150,000
Gross Profit Mvr
82,500
Ebitda Mvr
-67,500
Payback Years
—
2 more rows in the full report

90-day pilot economics

Continuation requires the base gate.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

90-day pilot economics

Cautious
Jobs 90d
15
Aro Mvr
2,500
Gross Margin Pct
55
Opex Mvr
45,000
Revenue Mvr
37,500
Gross Profit Mvr
20,625
Ebitda Mvr
-24,375
2 more rows in the full report

Risks

Denominator, captive service, micro-mobility mix, site, batteries, skills and economics drive the decision.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Risks

Registry records are not active stock
Likelihood
High
Impact
High
Trigger
No VIN/status/location extract by day 30.
Taxi fleet service is captive to OEM/procurement contract
Likelihood
High
Impact
High
Trigger
No written outsourcing right/LOI.
Micro-mobility dominance misread as car demand
Likelihood
High
Impact
High
Trigger
Car bookings below 35 in 90 days.
Salt, flood, heat or weak electrical quality
Likelihood
Medium
Impact
High
Trigger
Site test or insurer review fails.
Damaged-battery waste/transport gap
Likelihood
High
Impact
Severe
Trigger
No approved recipient/carrier.
Skilled-tech and parts scarcity
Likelihood
High
Impact
High
Trigger
Supported VIN coverage or SLA below gate.
Base economics do not repay capital
Likelihood
High
Impact
High
Trigger
Base EBITDA below MVR150k annualised.

Mitigations

Controls are documentary and auditable.

Mitigations

Data
Control
Matched VIN census with registration status, location, class, owner, warranty and duplicate rules.
Owner
Country lead
Evidence
Signed data dictionary and extract.
Demand
Control
Paid bookings and fleet LOI before mobilisation.
Owner
Commercial lead
Evidence
Deposits, invoices, contract.
Capability
Control
Supported-VIN/task matrix and practical technician assessment.
Owner
Technical lead
Evidence
Assessment and audit log.
Site
Control
Thirty-day power logger, earthing/protection test, flood/salt/fire review.
Owner
Engineer/insurer
Evidence
Stamped report and acceptance.
Battery
Control
Hold pack work until storage/carrier/recipient chain is approved.
Owner
HSE lead
Evidence
Permits, contracts and manifests.
Economics
Control
One bay, six-month licence, variable staffing and stop-loss gate.
Owner
Country P&L
Evidence
Weekly cohort P&L.
Get the full Maldives analysis
Competitive matrix, location shortlist, incentives, pilot-centre economics and the 90-day entry plan — sent to your inbox.

90-day entry plan

The first month is denominator-, contract- and compliance-led.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

90-day entry plan

0–15
Action
Obtain SIMS/transport matched extract; reconcile active status, vehicle type, owner and Greater Malé location.
Output
Audited denominator and duplicate log.
Gate
G1
6 more rows in the full report

Go / no-go gates

Every launch gate is open; standalone is no-go.

Full analysis available in the complete report
Detailed findings, comparison matrices and recommendations.

Go / no-go gates

G1 Data
Threshold
≥300 matched active Greater Malé passenger/LCV plug-ins; duplicates/inactive/HEV excluded
Status
OPEN
5 more rows in the full report

Methodology

Sourced facts and EVS assumptions remain separate.

Methodology

1
Method
Freeze definitions
Detail
Battery car/pick-up, ordinary car, micro-mobility, bus, active status, fleet vehicle, site and connector are separate.
2
Method
Prioritise primary sources
Detail
Statistics Bureau/Transport, President’s Office, UNDP, World Bank/ADB, URA, MIRA, trade, labour and consumer routes.
3
Method
Reconcile time and universes
Detail
End-2023 cumulative records, 2024 registration flow and 2026 fleet are not summed into active stock; 586 is a gross opportunity indicator.
4
Method
Size only supported quantities
Detail
Gross candidate records are shown; SAM null; executable SOM zero.
5
Method
Model transparent sensitivities
Detail
2030 growth, pool factors and economics are EVS assumptions; nominal MVR, GST-exclusive, pre-tax.
6
Method
Convert uncertainty to gates
Detail
Data, paid demand, capability, compliance/site and continuation evidence.

Further questions and data requests

Seven missing evidence sets can change the decision.

Further questions and data requests

1
Gap
Active passenger/LCV BEV and PHEV stock by class, island, status, age, owner and VIN
Owner
MEDTT/SIMS
Decision Effect
TAM/SAM and site.
2
Gap
2025–2026 propulsion/category registrations and deregistrations
Owner
MEDTT/Statistics Bureau
Decision Effect
Current pool and forecast.
3
Gap
MTCC fleet warranty, service contract, VINs, uptime, charging and parts data
Owner
MTCC/OEM
Decision Effect
Anchor demand and competition.
4
Gap
Operational charger site/connector/power/access/tariff/uptime inventory
Owner
URA/STELCO/FENAKA/operators
Decision Effect
Charging-service opportunity.
5
Gap
Dealer/resort fleet models, warranties, failures and parts SLA
Owner
Dealers/resorts
Decision Effect
Supported scope and stock.
6
Gap
Damaged-pack storage, inter-island carrier, export/recycling and recipient
Owner
URA/EPA/carriers/insurer
Decision Effect
Pack-work boundary.
7
Gap
Paid repair need, ARO and willingness to pay
Owner
EVS field team
Decision Effect
Continuation economics.
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Complete linked source register

Every source records publication/access data, classification, URL and decision use.

Complete linked source register

stats_yearbook_2025
Publisher
Maldives Bureau of Statistics
Publication Date
2025-06-02
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://statisticsmaldives.gov.mv/yearbook/2025/
Decision Use
Official index for 2024 vehicle and electricity tables.
stats_vehicle_2024
Publisher
Maldives Bureau of Statistics / Ministry of Transport
Publication Date
2025-06-02
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://statisticsmaldives.gov.mv/yearbook/2025/wp-content/uploads/sites/12/2025/07/11.1.pdf
Decision Use
Official 2024 registration flow by type: 16,153 total, including battery categories.
stats_vehicle_history
Publisher
Maldives Bureau of Statistics / Transport Authority
Publication Date
2024-06-30
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://statisticsmaldives.gov.mv/yearbook/2024/wp-content/uploads/sites/11/2024/11/11.3.pdf
Decision Use
Official stock-like registered records and newly registered flows by vehicle type; no active/deregistered flag or BEV/PHEV detail within ordinary car classes.
stats_yearbook_2024
Publisher
Maldives Bureau of Statistics
Publication Date
2024-06-30
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://statisticsmaldives.gov.mv/yearbook/2024/
Decision Use
Official table index and source context.
worldbank_ev_survey
Publisher
World Bank
Publication Date
2022-09-08
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.worldbank.org/en/events/2022/09/08/survey-accelerating-the-electric-vehicles-transition-in-maldives
Decision Use
Authoritative survey context: motorcycles over 50cc were about 80% of registered stock; parking and co-located charging are key Malé barriers; cited duty advantage is historical policy context.
presidency_taxi
Publisher
President’s Office
Publication Date
2026-04-02
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://presidency.gov.mv/Press/Article/36439
Decision Use
Official confirmation of 150 electric vehicles operating 24/7 in Greater Malé and planned Addu expansion in 2026.
taxi_models
Publisher
Atoll Times
Publication Date
2026-04-02
Accessed At
2026-08-11
Classification
Secondary media reporting
Url
https://atolltimes.mv/post/news/15423
Decision Use
Secondary model mix: 70 Lumin, 60 Deepal S05 and 20 Deepal S07; verify fleet VINs and service contract.
taxi_trips
Publisher
MV+
Publication Date
2026-05-14
Accessed At
2026-08-11
Classification
Secondary media reporting
Url
https://www.plus.mv/english/govt-owned-taxi-line-completes-over-13000-trips-since-launch/
Decision Use
Secondary report of 13,073 trips from 18 April to 9 May 2026; supports utilisation diligence, not forecast.
undp_male_charging
Publisher
UNDP Maldives
Publication Date
2023-06-01
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.undp.org/maldives/press-releases/greater-maale-region-unveils-ev-minibus-charging-stations-leading-charge-towards-sustainable-and-green-mobility
Decision Use
Authoritative confirmation of dedicated EV-minibus charging stations; connector count/power and public access not reported.
undp_vaadhoo
Publisher
UNDP Maldives
Publication Date
2023-08-03
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.undp.org/maldives/news/vaadhoo-island-pioneers-first-community-built-solar-charging-station-electric-vehicles-maldives
Decision Use
Authoritative confirmation of one community-built solar charging station on Raa Atoll Vaadhoo.
mtcc_buses
Publisher
Times of Addu
Publication Date
2022-11-07
Accessed At
2026-08-11
Classification
Secondary media reporting
Url
https://timesofaddu.com/2022/11/07/electric-busses-brought-for-rtl-minibus-fleet/
Decision Use
Secondary report of six 15-person electric buses; excluded from passenger/LCV service pool.
autosphere_ev
Publisher
Edition
Publication Date
2026-07-19
Accessed At
2026-08-11
Classification
Commercial / secondary
Url
https://edition.mv/business/52631
Decision Use
Current commercial report: BYD, BMW, Mercedes-Benz, MINI and Nissan EVs plus after-sales support; no sales volumes.
autosphere_service
Publisher
Corporate Maldives
Publication Date
2026-04-21
Accessed At
2026-08-11
Classification
Commercial / secondary
Url
https://corporatemaldives.com/autosphere-by-the-hawks-launches-in-hulhumale-with-focus-on-professional-vehicle-servicing/
Decision Use
Commercial report describes lifts, tyres, balancing, A/C and alignment capability; traction-HV scope not proven.
maadu
Publisher
Maadu Garage
Publication Date
—
Accessed At
2026-08-11
Classification
Commercial primary source
Url
https://maadugarage.com/
Decision Use
Commercial primary source for a long-established general workshop with three Malé facilities; no verified traction-HV capability.
worldbank_solar
Publisher
World Bank
Publication Date
2023-03-14
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.worldbank.org/en/results/2023/03/14/powered-by-the-sunshine-achieving-cheaper-cleaner-and-sustainable-energy-in-the-maldives
Decision Use
ASPIRE/ARISE plan more than 53.5 MW solar and 50 MWh storage; project scale, not achieved 2026 mix.
adb_energy_2024
Publisher
Asian Development Bank
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.adb.org/multimedia/partnership-report2024/our-stories/empowering-maldives-a-sustainable-energy-future-for-everyone-through-renewable-innovations/
Decision Use
As of Dec 2024, reports 68 MW solar installed, about 600 MW total capacity, and a 33% renewable-electricity target for 2028; diesel dependence remains material.
adb_poised
Publisher
Asian Development Bank
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.adb.org/projects/46122-003/main
Decision Use
Authoritative project route for solar-diesel hybrid systems on about 160 islands.
environment_sarep
Publisher
Maldives Bureau of Statistics
Publication Date
2024-06-06
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://statisticsmaldives.gov.mv/environmental-roadmap-2024/
Decision Use
Official environmental-roadmap publication hub used only as policy context; no EV market statistic inferred.
environment_transport_inventory
Publisher
Climate and Clean Air Coalition / UN Environment Programme
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.ccacoalition.org/projects/maldives-develop-emission-inventories-transport-sector
Decision Use
Authoritative project evidence that transport-inventory capability and data-gap work are being developed; no vehicle-stock figure used.
ura_home
Publisher
Utility Regulatory Authority
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.ura.gov.mv/en
Decision Use
Current regulator for energy, waste, water and petroleum; 2026 inspection activity confirms operating oversight.
ura_act
Publisher
Utility Regulatory Authority
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.ura.gov.mv/en/publications/sector-publication-5
Decision Use
Current official URA publication page summarising responsibilities under Utility Regulatory Authority Act 26/2020.
energy_license
Publisher
Utility Regulatory Authority
Publication Date
2026-06-29
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.ura.gov.mv/en/publications/2026-r-57-general-regulation-for-energy-services
Decision Use
Current official energy-services regulation publication; obtain a written determination for workshop EVSE activities.
electrical_standards
Publisher
Utility Regulatory Authority
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.ura.gov.mv/en/list/sectors/energy/legislations/regulations
Decision Use
Current official regulation register; licensed engineer and current technical-standard confirmation remain launch gates.
distribution_rules
Publisher
Utility Regulatory Authority
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.ura.gov.mv/en/publications/energy-maximum-rate-regulation
Decision Use
Current official energy-rate publication; site-specific capacity, connection approval and utility requirements still control.
waste_act
Publisher
Utility Regulatory Authority
Publication Date
2022-12-18
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.ura.gov.mv/en/publications/waste-act
Decision Use
Official waste law route.
waste_act_summary
Publisher
President’s Office
Publication Date
2022-12-18
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://presidency.gov.mv/Press/Article/27797
Decision Use
Official summary: standards, procedures, enforcement, recycling/reuse and penalties.
waste_license
Publisher
Maldives Inland Revenue Authority
Publication Date
2022-12-18
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.mira.gov.mv/Legislations/View/waste-management-act
Decision Use
Official-hosted extract says waste-management services require Authority registration and operating licence.
transport_pay
Publisher
Ministry of Economic Development, Transport and Trade
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://pay.transport.gov.mv/
Decision Use
Official vehicle annual-fee, fines and sticker route.
sims
Publisher
Ministry of Economic Development, Transport and Trade
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://sims.transport.gov.mv/
Decision Use
Official authenticated transport registry portal; public aggregate propulsion extract unavailable.
transport_regs
Publisher
Ministry of Economic Development, Transport and Trade
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.transport.gov.mv/en/regulations/
Decision Use
Official transport-regulation index; workshop/inspection scope requires written determination.
trade_contact
Publisher
Ministry of Economic Development, Transport and Trade
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://trade.gov.mv/en/contact-us/
Decision Use
Official OneGov, SIMS, SavaareePay, foreign investment and consumer contact routes.
foreign_investment
Publisher
Ministry of Economic Development, Transport and Trade
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://trade.gov.mv/en/invest-maldives/
Decision Use
Current process under Foreign Investment Law 11/2024 includes approval, USD5,000 administration fee, registration, licence and agreement.
foreign_sectors
Publisher
Ministry of Economic Development, Transport and Trade
Publication Date
2025-11-27
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://trade.gov.mv/en/24435/
Decision Use
Official warning that permitted/prohibited sectors are governed by Foreign Investment Act 11/2024 and the October 2025 announcement.
gst
Publisher
Maldives Inland Revenue Authority
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://mira.gov.mv/Pages/View/FAQ_GST
Decision Use
Current general GST 8%; tourism GST 17% from 1 July 2025; registration generally mandatory for importers or MVR1m taxable-sales threshold.
income_tax
Publisher
Maldives Inland Revenue Authority
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://mira.gov.mv/Pages/View/ictcompanies
Decision Use
Current company rates: 0% up to MVR500,000 taxable income and 15% above.
pension
Publisher
Maldives Pension Administration Office
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://old.pension.gov.mv/en/faq/employers
Decision Use
Mandatory local-employee contribution is 14% of pensionable wage: 7% employer and 7% employee.
employment_act
Publisher
Labour Relations Authority
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://lra.gov.mv/labour-relations-authority/
Decision Use
LRA enforces Employment Act 2/2008 and may inspect workplaces and records.
employment_foreign
Publisher
President’s Office
Publication Date
2024-09-01
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://presidency.gov.mv/Press/Article/31469
Decision Use
Official foreign-worker authorisation, quota, work-permit and workplace-registration obligations.
minimum_wage
Publisher
Public Service Media
Publication Date
—
Accessed At
2026-08-11
Classification
Authoritative secondary
Url
https://psmnews.mv/en/94477
Decision Use
Government-linked report of small/medium/large monthly floors; obtain current directive and classification before hiring.
osh_act
Publisher
Public Service Media
Publication Date
2024-01-02
Accessed At
2026-08-11
Classification
Authoritative secondary
Url
https://psmnews.mv/en/130932
Decision Use
Government-linked summary of workplace health/safety standards, employer liability and injury compensation.
osh_rules
Publisher
Public Service Media
Publication Date
2024-10-16
Accessed At
2026-08-11
Classification
Authoritative secondary
Url
https://psmnews.mv/en/145816
Decision Use
Government-linked summary of safety arrangements and officer thresholds; EVS pilot remains below 75 employees.
consumer
Publisher
Ministry of Economic Development, Transport and Trade
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://trade.gov.mv/en/consumer-ombudsman/
Decision Use
Official dispute-resolution route under Consumer Protection Act 12/2020.
company_act
Publisher
Ministry of Economic Development, Transport and Trade
Publication Date
2024-01-14
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://trade.gov.mv/en/13863/
Decision Use
Official company-registration/legal-notice route.
worldbank_private
Publisher
World Bank
Publication Date
2023-05-08
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.worldbank.org/en/news/press-release/2023/05/08/world-bank-supports-maldives-to-reform-state-owned-enterprises-and-strengthen-private-sector
Decision Use
Authoritative context on high transport costs, skills shortages and SOE competition; not a workshop incentive.
iso6469
Publisher
ISO
Publication Date
2021-01-01
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.iso.org/standard/45477.html
Decision Use
International benchmark; Maldives legal adoption is not assumed.
iso17409
Publisher
ISO
Publication Date
2020-01-01
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.iso.org/standard/68474.html
Decision Use
International benchmark for vehicle conductive charging; local approval controls.
iec61851
Publisher
IEC
Publication Date
2017-02-01
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://webstore.iec.ch/en/publication/33644
Decision Use
International EVSE benchmark; local conformity and installation approval required.
unr100
Publisher
UNECE
Publication Date
2022-03-01
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://unece.org/transport/documents/2022/03/standards/un-regulation-no-100-rev3
Decision Use
International electric-powertrain safety benchmark; local applicability not assumed.
un_tests
Publisher
UNECE
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://unece.org/transport/dangerous-goods/rev8-files
Decision Use
International lithium-battery transport test route; carrier and authority rules control.
basel
Publisher
Basel Convention Secretariat
Publication Date
—
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.basel.int/TheConvention/Overview/TextoftheConvention/tabid/1275/Default.aspx
Decision Use
International hazardous-waste movement framework; competent-authority procedure controls.
ndc
Publisher
UNDP Maldives
Publication Date
2023-06-01
Accessed At
2026-08-11
Classification
Primary / authoritative
Url
https://www.undp.org/maldives/press-releases/greater-maale-region-unveils-ev-minibus-charging-stations-leading-charge-towards-sustainable-and-green-mobility
Decision Use
Policy context for lower-carbon public transport; not a sales forecast.
evs_model
Publisher
EVS Worldwide
Publication Date
2026-08-11
Accessed At
2026-08-11
Classification
EVS assumption register
Url
https://evsworldwide.com/
Decision Use
All gates, sensitivities and economics are EVS assumptions unless explicitly sourced.

Source register

52 primary and derived sources

Show
  1. 01Statistical Yearbook of Maldives 2025
  2. 02Table 11.1: Monthly registered vehicles by type, 2024
  3. 03Table 11.3: Registered and newly registered vehicles by type, 2010–2023
  4. 04Statistical Yearbook of Maldives 2024
  5. 05Accelerating the electric vehicles transition in Maldives
  6. 06President inaugurates Malé Taxi Line
  7. 07Government launches taxi service with 150 electric vehicles
  8. 08Malé Taxi Line completes more than 13,000 trips
  9. 09Greater Malé EV minibus charging stations inaugurated
  10. 10Vaadhoo community solar EV charging station
  11. 11Six electric buses added to Malé minibus fleet
  12. 12AutoSphere expands electric vehicle range
  13. 13AutoSphere launches service centre in Hulhumalé
  14. 14Maadu Garage services and locations
  15. 15Powered by sunshine: Maldives energy transition
  16. 16Attaining energy security with renewable solutions
  17. 17Preparing Outer Islands for Sustainable Energy Development
  18. 18Environmental Roadmap 2024
  19. 19Maldives—Develop emission inventories for the transport sector
  20. 20Utility Regulatory Authority
  21. 21Utility Regulatory Authority statutory responsibilities
  22. 222026/R-57 General Regulation for Energy Services
  23. 23Energy-sector regulations register
  24. 24Energy Maximum Rate Regulation
  25. 25Waste Management Act 24/2022
  26. 26President ratifies Waste Management Act
  27. 27Waste Management Act—service licensing extract
  28. 28SavaareePay vehicle services
  29. 29SIMS vehicle registration portal
  30. 30Transport regulations register
  31. 31Business, transport and consumer service routes
  32. 32Invest Maldives—foreign investment process
  33. 33Foreign-business sector restrictions notice
  34. 34GST FAQ
  35. 35Income tax—companies
  36. 36Pension Office employer FAQ
  37. 37Labour Relations Authority mandate
  38. 38Eighth amendment to Employment Act
  39. 39Government approves minimum wages
  40. 40Occupational Safety and Health Act 09/2023 ratified
  41. 41Occupational safety and health regulations
  42. 42Consumer Ombudsman
  43. 43Registrar’s Gazette and Companies Act 9/2023
  44. 44Maldives private-sector strengthening project
  45. 45ISO 6469-3 electrically propelled road vehicles—electrical safety
  46. 46ISO 17409 conductive power transfer—safety
  47. 47IEC 61851-1 EV conductive charging system
  48. 48UN Regulation No.100 Rev.3
  49. 49UN Manual of Tests and Criteria Rev.8
  50. 50Basel Convention text
  51. 51Greater Malé charging initiative and NDC implementation
  52. 52EVS Maldives decision model

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