Asia-Pacific Electric Vehicle Market Trends, Size, Competitive Analysis And Forecast - 2019-2025 


Asia-Pacific Electric Vehicle Market Trends, Size, Competitive Analysis and Forecast - 2019-2025 


Asia-Pacific Electric Vehicle market is estimated to grow at a CAGR of more than 21.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market. The EV market is emerging as an integral part of the automotive industry that provides a pathway to achieve a higher level of energy efficiency with a reduced level of pollutant emissions and other greenhouse gases. The growing environmental concerns along with cohesive government initiatives are some other aspects to fuel the market growth in the region. China, Japan, India, and South Korea are the major countries to make a considerable contribution to the market growth of electric vehicles in the Asia-Pacific.

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The market is segmented on the basis of vehicle type, propulsion technology, battery type, and country. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle. Based on battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on battery type, Li-ion batteries are anticipated to witness considerable growth during the forecast period. Based on the country the market is segmented into China, Japan, India, and Rest of Asia-Pacific.

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Asia-Pacific Electric Vehicle Market Segmentation

By Vehicle Type

  • Commercial Vehicles
  • Passenger Cars
  • Two-Wheelers

By Propulsion Technology

  • Battery Electric Vehicles
  • Plug-in Hybrid Electric Vehicle

By Battery Type

  • NiMH
  • Li-Ion
  • Others

Regional Analysis

  • BMW AG 
  • General Motors Co.
  • Hero Electric Vehicles Pvt. Ltd.
  • Honda Motor Co., Ltd. 
  • Hyundai Motor Co.
  • Kia Motors Corp.
  • Mahindra & Mahindra Ltd.
  • Nissan Motor Co. 
  • Tata Motors 
  • Toyota Motor Corp. 

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Keywords: size,competitive analysis and forecast - 2019-2025


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