Japan Electric Car Market Trends, Size, Forecast - 2019-2025


Japan Electric Car Market Trends, Size, Forecast - 2019-2025


Japan electric car market is forecast to show a growth of more than 14% during the forecast period, 2019-2025. Japan is one of the major oil-importing countries and to reduce oil import bill, the country is expected to significantly promote the electric cars in the country. In April 2018, the government has announced its plan to have all new cars sold in Japan be electric or hybrid vehicles by 2050. As per the International Energy Agency, the country was the second-largest electric vehicle market in Asia-Pacific. However, consecutive three negative years have been witnessed in the electric car market in the country which is one of the major restraints for the growth of the market. In 2019, a decrease of around 17% has been registered as compared to 2018. 

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Japan electric car market is analyzed on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is segmented into hatchback, sedan, and SUV. Some of the most common electric cars sold in the country include Nissan Leaf, Toyota Prius PHEV, Mitsubishi Outlander PHEV, BMW 25xe, and BMW 530e. By propulsion technology, the market is further segmented into battery-electric cars, plug-in hybrid electric cars, and fuel cell electric cars. During the forecast period, battery-electric cars are expected to show significant growth in the country. By battery type, the market is further sub-segmented into NiMH, Li-Ion, and others. Li-ion batteries car is expected to cover a major market share during the forecast period. 

A full report of Japan Electric Car Market is available at: https://www.omrglobal.com/industry-reports/japan-electric-car-market

Japan Electric Car Market Segmentation

By Vehicle Type

  • Sedan 

  • Hatchback 

  • SUV

By Propulsion Technology

  • Battery Electric Car 

  • Plug-in Hybrid Electric Car

  • Fuel Cell

By Battery Type

  • NiMH

  • Li-Ion

  • Others

Company Profiles

  • Audi AG 

  • BMW AG 

  • General Motors Co.

  • Honda Motor Co., Ltd. 

  • Hyundai Motor Co.

  • Mitsubishi Motors Corp.

  • Nissan Motor Co. 

  • Tesla, Inc.

  • Toyota Motor Corp. 

  • Volkswagen AG

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/japan-electric-car-market

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Keywords: size,forecast - 2019-2025


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