Asia-Pacific Electric Car Market size is expected to reach US$ 580.05 Bn. by 2029, at a CAGR of 34.6% during the forecast period.To know about the Research Methodology :- Request Free Sample Report
Asia-Pacific Is Becoming a World Leader in Electric Transportation:
Increasing public knowledge about the relationship among climate, pollution, & personal consumption has led to a rapid growth in demand for green transportation options with electrified transit, like e-buses, cars and scooters. However, despite the rise in demand, few global cities have begun adding electric vehicles to their public & private transportation fleets. The places which have are mainly located in the Asia-Pacific. Asia is leading the world when it comes to electric vehicle in public transport & that may change the global approach to transit. The electric vehicle market has grown rapidly over the past few years and is expected to reach more than xx units by 2029. The growth is being driven primarily by municipal purchases throughout Asia-Pacific, especially in China. The Chinese government is subsidizing EV adoption as regional & municipal markets move to modernize their transit systems with new EVs. Singapore, Indonesia, Thailand, Malaysia, Vietnam & the Philippines discloses that 37 percent of potential buyers are open to considering an EV as their next car. Buyers in the Philippines, Thailand & Indonesia developed as the most enthusiastic about electric cars. With the incentives, the region can increase rate of the adoption of electric vehicles.Removing adoption barriers:
Asia Pacific will probably benefit from China’s electric car dreams: China’s electric car dreams have been growing in the last two years, with government policies indorsed to respond to the vast market share potential & domestic players presenting new models every other day. Overall demand for electric vehicle has been rising steadily, thus Chinese carmakers are looking to impress & improve in an international car market. The substantial movement of EVs will drive electrification in Asia & Oceania, not only in demand but also in acceptance. Chinese companies may also look for integration with foreign partners. China’s increasing EV industry is headed for some strong price competition followed by a shakeout. The competitive landscape for China’s electric vehicle market is changing intensely on many fronts. The phase-out of Chinese government subsidies on electric vehicle is set to gather speed in June before they are eliminated by 2020. Meanwhile, some 500 manufacturers have registered to make electric vehicle in the country. Global automakers like GM & Volkswagen are also expected to intensify their efforts in China, bringing superior technology & brand recognition. China's Beijing Electric Vehicle (BJEV) will build a new plant for new energy vehicles (NEVs) in Beijing with a capacity of 120,000 units/yr. The firm will invest $362 Mn to build the first phase of the project with a capacity of 50,000 units/yr. The entire plant is scheduled to be completed in 27 months. The launch date for the second phase will depend on the progress of the first phase. The company sold 109,636 NEVs in the first 10 months of 2018 year, up by 76pc from a year earlier. It produced its 300,000th NEV in October 2018. China is expected to exceed its initial target of producing 1mn electric vehicles in 2018. The country sold 1,030,000 and produced 1,054,000 NEVs during January-November, up by 68pc and 63.6pc, respectively, from a year earlier. China is on target to produce 2 Mn EVs in 2020. Manufacturers have been forced to halt production lines & close dealerships in a bid to stop the spread of corona virus. Overall auto sales in plunged 79% in February compared with the same month in 2019, Sales of new energy vehicles fell for the eighth month in a row. China's auto market was already whirling from a large drop in demand in 2019. In 2020 no carmaker has been safe to the effects of the coronavirus. That contains everyone from the oldest joint ventures producing internal combustion engine SUVs to the most innovative startups making electric vehicles. The majority of electric car makers will not survive. But how long they survive & whether industry consolidation occurs through lots of mergers or bankruptcies will depend on the willingness of the government. The objective of the report is to present a comprehensive analysis of the Asia-Pacific Electric Car Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Asia-Pacific Electric Car Market dynamics, structure by analyzing the market segments and project the Asia-Pacific Electric Car Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Asia-Pacific Electric Car Market make the report investor’s guide.Asia-Pacific Electric Car Market Scope: Inquire before buying
Asia-Pacific Electric Car Market, by Technology
• BEV • PHEV • HEVAsia-Pacific Electric Car Market, by Product
• Hatchback • Sedan • SUV • OthersAsia-Pacific Electric Car Market, by Battery
• LFP • Li-NMC • OthersAsia-Pacific Electric Car Market, by Battery Capacity
• >201 Ah • <201 AhAsia-Pacific Electric Car Market, by End-User
• Shared mobility providers • Government organizations • Personal users • OthersAsia-Pacific Electric Car Market Key Players
• Hyundai Motor Company • Mahindra Electric Mobility Limited • Volvo Car Corporation • Toyota Kirloskar Motor Pvt. Ltd • Tata Motors Limited • Honda Motor Co. Ltd. • AIMA Technology Co., Ltd. • Clean Motion AB • UDA Motor Co. Ltd. • Xiaomi Inc. • Zhejiang Luyuan Electric Vehicle Co., Ltd. • Yadea Technology Group • Viar Motor Indonesia • STAR 8 AUSTRALIA PTY LTD • SAIC Motor Corp. Ltd. • BAIC Group • BYD Auto Co., Ltd. • Great Wall Motors Co. Ltd. • Tesla Inc. • Jaguar Land Rover Ltd. Frequently Asked Questions: 1. Which region has the largest share in Asia-Pacific Electric Car Market? Ans: China held the highest share in 2021. 2. What is the growth rate of Asia-Pacific Electric Car Market? Ans: The Asia-Pacific Electric Car Market is growing at a CAGR of 34.6% during forecasting period 2022-2029. 3. What is scope of the Asia-Pacific Electric Car market report? Ans: Asia-Pacific Electric Car Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Asia-Pacific Electric Car market? Ans: The important key players in the Asia-Pacific Electric Car Market are – Hyundai Motor Company, Mahindra Electric Mobility Limited, Volvo Car Corporation, Toyota Kirloskar Motor Pvt. Ltd, Tata Motors Limited, Honda Motor Co. Ltd., AIMA Technology Co., Ltd., Clean Motion AB, UDA Motor Co. Ltd., Xiaomi Inc., Yadea Technology Group, Viar Motor Indonesia, STAR 8 AUSTRALIA PTY LTD, SAIC Motor Corp. Ltd., BAIC Group, BYD Auto Co., Ltd., Great Wall Motors Co. Ltd., Tesla Inc., and Jaguar Land Rover Ltd. 5. What is the study period of this market? Ans: The Asia-Pacific Electric Car Market is studied from 2021 to 2029.
Asia-Pacific Electric Car Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Asia-Pacific Electric Car Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Asia-Pacific Electric Car Market Analysis and Forecast 7. Asia-Pacific Electric Car Market Analysis and Forecast, by Technology 7.1. Introduction and Definition 7.2. Key Findings 7.3. Asia-Pacific Electric Car Market Value Share Analysis, by Technology 7.4. Asia-Pacific Electric Car Market Size (US$ Mn) Forecast, by Technology 7.5. Asia-Pacific Electric Car Market Analysis, by Technology 7.6. Asia-Pacific Electric Car Market Attractiveness Analysis, by Technology 8. Asia-Pacific Electric Car Market Analysis and Forecast, by Product 8.1. Introduction and Definition 8.2. Key Findings 8.3. Asia-Pacific Electric Car Market Value Share Analysis, by Product 8.4. Asia-Pacific Electric Car Market Size (US$ Mn) Forecast, by Product 8.5. Asia-Pacific Electric Car Market Analysis, by Product 8.6. Asia-Pacific Electric Car Market Attractiveness Analysis, by Product 9. Asia-Pacific Electric Car Market Analysis and Forecast, by Battery 9.1. Introduction and Definition 9.2. Key Findings 9.3. Asia-Pacific Electric Car Market Value Share Analysis, by Battery 9.4. Asia-Pacific Electric Car Market Size (US$ Mn) Forecast, by Battery 9.5. Asia-Pacific Electric Car Market Analysis, by Battery 9.6. Asia-Pacific Electric Car Market Attractiveness Analysis, by Battery 10. Asia-Pacific Electric Car Market Analysis and Forecast, by Battery Capacity 10.1. Introduction and Definition 10.2. Key Findings 10.3. Asia-Pacific Electric Car Market Value Share Analysis, by Battery Capacity 10.4. Asia-Pacific Electric Car Market Size (US$ Mn) Forecast, by Battery Capacity 10.5. Asia-Pacific Electric Car Market Analysis, by Battery Capacity Asia-Pacific Electric Car Market Attractiveness Analysis, by Battery Capacity 11. Asia-Pacific Electric Car Market Analysis and Forecast, by End-User 11.1. Introduction and Definition 11.2. Key Findings 11.3. Asia-Pacific Electric Car Market Value Share Analysis, by End-User 11.4. Asia-Pacific Electric Car Market Size (US$ Mn) Forecast, by End-User 11.5. Asia-Pacific Electric Car Market Analysis, by End-User 12. Asia-Pacific Electric Car Market Analysis 12.1. Key Findings 12.2. Asia-Pacific Electric Car Market Overview 12.3. Asia-Pacific Electric Vehicle Motor Value Share Analysis, by Type 12.4. Asia-Pacific Electric Car Market Forecast, by Technology 12.4.1. BEV 12.4.2. PHEV 12.4.3. HEV 12.5. Asia-Pacific Electric Car Market Forecast, by Product 12.5.1. Hatchback 12.5.2. Sedan 12.5.3. SUV 12.5.4. Others 12.6. Asia-Pacific Electric Car Market Forecast, by Battery 12.6.1. LFP 12.6.2. Li-NMC 12.6.3. Others 12.7. Asia-Pacific Electric Car Market Forecast, by Battery Capacity 12.7.1. >201 Ah 12.7.2. <201 Ah 12.8. Asia-Pacific Electric Car Market Forecast, by End-User 12.8.1. Shared mobility providers 12.8.2. Government organizations 12.8.3. Personal users 12.8.4. Others. 12.9. Asia-Pacific Electric Car Market Forecast, by Country 12.9.1. China 12.9.2. India 12.9.3. Japan 12.9.4. ASEAN 12.9.5. Rest of Asia-Pacific 12.10. China Electric Car Market Forecast, by Technology 12.10.1. BEV 12.10.2. PHEV 12.10.3. HEV 12.11. China Electric Car Market Forecast, by Product 12.11.1. Hatchback 12.11.2. Sedan 12.11.3. SUV 12.11.4. Others 12.12. China Electric Car Market Forecast, by Battery 12.12.1. LFP 12.12.2. Li-NMC 12.12.3. Others 12.13. China Electric Car Market Forecast, by Battery Capacity 12.13.1. >201 Ah 12.13.2. <201 Ah 12.14. China Electric Car Market Forecast, by End-User 12.14.1. Shared mobility providers 12.14.2. Government organizations 12.14.3. Personal users 12.14.4. Others 12.15. India Electric Car Market Forecast, by Technology 12.15.1. BEV 12.15.2. PHEV 12.15.3. HEV 12.16. India Electric Car Market Forecast, by Product 12.16.1. Hatchback 12.16.2. Sedan 12.16.3. SUV 12.16.4. Others 12.17. India Electric Car Market Forecast, by Battery 12.17.1. LFP 12.17.2. Li-NMC 12.17.3. Others 12.18. India Electric Car Market Forecast, by Battery Capacity 12.18.1. >201 Ah 12.18.2. <201 Ah 12.19. India Electric Car Market Forecast, by End-User 12.19.1. Shared mobility providers 12.19.2. Government organizations 12.19.3. Personal users 12.19.4. Others 12.20. Asia-Pacific Electric Car Market Forecast, by Technology 12.20.1. BEV 12.20.2. PHEV 12.20.3. HEV 12.21. Japan Electric Car Market Forecast, by Product 12.21.1. Hatchback 12.21.2. Sedan 12.21.3. SUV 12.21.4. Others 12.22. Japan Electric Car Market Forecast, by Battery 12.22.1. LFP 12.22.2. Li-NMC 12.22.3. Others 12.23. Japan Electric Car Market Forecast, by Battery Capacity 12.23.1. >201 Ah 12.23.2. <201 Ah 12.24. Japan Electric Car Market Forecast, by End-User 12.24.1. Shared mobility providers 12.24.2. Government organizations 12.24.3. Personal users 12.24.4. Others 12.25. ASEAN Electric Car Market Forecast, by Technology 12.25.1. BEV 12.25.2. PHEV 12.25.3. HEV 12.26. ASEAN Electric Car Market Forecast, by Product 12.26.1. Hatchback 12.26.2. Sedan 12.26.3. SUV 12.26.4. Others 12.27. ASEAN Electric Car Market Forecast, by Battery 12.27.1. LFP 12.27.2. Li-NMC 12.27.3. Others 12.28. ASEAN Electric Car Market Forecast, by Battery Capacity 12.28.1. >201 Ah 12.28.2. <201 Ah 12.29. ASEAN Electric Car Market Forecast, by End-User 12.29.1. Shared mobility providers 12.29.2. Government organizations 12.29.3. Personal users 12.29.4. Others 2.30. Rest of Asia-Pacific Electric Car Market Forecast, by Technology 1 2.30.1. BEV 12.30.2. PHEV 12.30.3. HEV 12.31. Rest of Asia-Pacific Electric Car Market Forecast, by Product 12.31.1. Hatchback 12.31.2. Sedan 12.31.3. SUV 12.31.4. Others 12.32. Rest of Asia-Pacific Electric Car Market Forecast, by Battery 12.32.1. LFP 12.32.2. Li-NMC 12.32.3. Others 12.33. Rest of Asia-Pacific Electric Car Market Forecast, by Battery Capacity 1 2.33.1. >201 Ah 12.33.2. <201 Ah 12.34. Rest of Asia-Pacific Electric Car Market Forecast, by End-User 12.34.1. Shared mobility providers 12.34.2. Government organizations 12.34.3. Personal users 12.34.4. Others 12.35. PEST Analysis 12.36. Key Trends 12.37. Key Developments 13. Company Profiles 13.1. Market Share Analysis, by Company 13.2. Competition Matrix 13.2.1. Competitive Benchmarking of key players by price, presence, market share, Vehicle Type and R&D investment 13.2.2. New Product Launches and Product Enhancements 13.2.3. Market Consolidation 13.2.3.1. M&A by Regions, Investment and Vehicle Type 13.2.3.2. M&A Key Players, Forward Integration and Backward Integration 13.3. Company Profiles: Key Players 13.3.1. Hyundai Motor Company 13.3.2. Mahindra Electric Mobility Limited 13.3.3. Volvo Car Corporation 13.3.4. Toyota Kirloskar Motor Pvt. Ltd 13.3.5. Tata Motors Limited 13.3.6. Honda Motor Co. Ltd. 13.3.7. AIMA Technology Co., Ltd. 13.3.8. Clean Motion AB 13.3.9. UDA Motor Co. Ltd. 13.3.10. Xiaomi Inc. 13.3.11. Zhejiang Luyuan Electric Vehicle Co., Ltd. 13.3.12. Yadea Technology Group 13.3.13. Viar Motor Indonesia 13.3.14. STAR 8 AUSTRALIA PTY LTD. 13.3.15. SAIC Motor Corp. Ltd. 13.3.16. BAIC Group 13.3.17. BYD Auto Co., Ltd. 13.3.18. Great Wall Motors Co. Ltd. 13.3.19. Tesla Inc. 13.3.20. Jaguar Land Rover Ltd. 14. Primary Key Insights.