Asia Pacific Electric Car Market 2022 Report: Increasing Electric Vehicle and Battery Manufacturing Capacity in the Region Current Opportunities – ResearchAndMarkets.com

DUBLIN-(BUSINESS WIRE)–The “Asia Pacific Electric Car Market by type of propulsion (BEV, FCEV, PHEV, HEV), power output (less than 100 kW, 100 kW to 250 kW), end use (private, commercial) and geography – forecast to 2028 » the report has been added to ResearchAndMarkets.com offer.

The research report provides an in-depth analysis of the Asia-Pacific Electric Cars market with an emphasis on current market trends, market size, market shares, recent developments and forecast to 2028. of Asia Pacific will reach $761.97 billion by 2028, at a CAGR of 34.6% during the forecast period, 2021-2028. In volume, this market is expected to grow at a CAGR of 40.4% from 2021 to reach 53.8 million units by 2028.

The growth of this market is mainly attributed to favorable government policies and regulations, increasing investments from major automotive OEMs and falling battery prices are the main factors driving the growth of the Asia Pacific electric car market.

The study provides a comprehensive analysis of the Asia-Pacific electric car market with respect to drive type (hybrid vehicles, battery electric vehicles and fuel cell electric vehicles), power (less than 100 kW and 100 kW to 250 kW ), end use (private use and commercial use) and geography. The study also assesses industry competitors and analyzes the market at a national level.

Geographically, China is estimated to account for the largest electric car market share in Asia Pacific in 2021 by value and volume. Much of this country is mainly attributed to strong government support and expansion of charging infrastructure, tax exemptions for the purchase of an electric car by 2023, improved quality of electricity for cars, increased charging facilities and subsidies offered by the Ministry of Business.

China’s electric vehicle market is growing significantly thanks to strong government support and expanding charging infrastructure. The government’s increasing efforts to boost electric car sales up to 25% of car sales by 2025 have significantly boosted market growth in China. To reach the target, the government extended tax breaks for the purchase of electric cars until 2023.

So, given the above facts, investors have started to invest in this market as they look for it as a great opportunity. Foreign automakers are pumping investments worth $67.8 billion into China’s electric vehicle industry. For example, in 2018, SAIC Volkswagen invested $2.45 billion to build an electric vehicle factory in Shanghai.

Key questions answered in the report-

  • What are the high-growth market segments in terms of propulsion type, power, end-use and geography?

  • What is the historical size of the Asia Pacific Electric Car market?

  • What are the market forecasts and estimates for the period 2021-2028?

  • What are the key drivers, constraints, opportunities and challenges in the Asia-Pacific Electric Car Market?

  • Who are the main market players and what market share do they hold?

  • Who are the main actors in different countries?

  • What is the competitive landscape for the Asia Pacific Electric Car market?

  • What are the recent developments in the Asia-Pacific Electric Car Market?

  • What are the various strategies adopted by the main players in the market?

  • What are the main geographic trends and which are the high-growth countries?

  • Who are the emerging local players in the Asia-Pacific electric car market and how do they compete with other players?

market dynamics

drivers

  • Supporting government policies and regulations

  • Increased investments from major automotive suppliers

  • Lower battery prices

Table

possibilities

  • Growing adoption of electric mobility

  • Increased manufacturing capacity for electric vehicles and batteries in Southeast Asia

Challenges

report scope

Asia-Pacific Electric Car Market by Type of Propulsion

  • hybrid vehicles

  • pure hybrid vehicles

  • Plug-in hybrid vehicles

  • battery electric vehicles

  • Fuel cell electric vehicles

Asia-Pacific Electric Car Market by Power

  • Less than 100 kW

  • 100kW to 250kW

Asia-Pacific Electric Car Market by End Use

  • private use

  • commercial use

Asia-Pacific Electric Car Market by Geography

Main topics covered:

1. Introduction

2. Research methodology

3. Summary

4. The impact of COVID-19

5. Market overview

6. Asia-Pacific Electric Car Market by Type of Propulsion

7. Asia-Pacific Electric Car Market by Power

8. Asia-Pacific Electric Car Market by End Use

9. Asia-Pacific Electric Car Market by Geography

10. Competitive Scenario

11. Company Profiles

12. Appendix

Companies mentioned

  • Hyundai Motor Company

  • Honda Motor Co. Ltd.

  • Toyota Motor Corporation

  • Tata Motors Limited

  • Mahindra and Mahindra Ltd.

  • NIO Inc.

  • XPeng Inc.

  • Geely Automotive Holdings Limited

  • Nissan Motor Co. Ltd.

  • Mitsubishi Motor Corporation.

For more information about this report, visit https://www.researchandmarkets.com/r/rrejx1

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