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The Asia Pacific electric vehicle market is likely to grow over a value CAGR of 28% and cross 5300 Thousand Units by the
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Asia Pacific Electric Vehicle Market Outlook, 2025 +1 201 793 8545 / +91 7878231309 sales at bonafideresearch.com Asia Pacific Electric Vehicle Market Outlook, 2025 Description Boosted by the presence of countries like China and India, the Asia Pacific electric vehicle market is likely to grow over a value CAGR of 28% and cross USD 200 Billion by the end of the forecasted period. According to the report titled, 'Asia Pacific Electric Vehicle Market Outlook, 2025' by Bonafide Research, the region grew as the highest contributor with more than 50% of the global market since 2017, and is expected to the same through the forecasted period. The governments in the region are providing incentives, with an aim to promote the utility of electric vehicles in passenger as well as commercial segments. China is considered the largest market for electric vehicles in the Asia Pacific. The region has a high dominance of the normal or the slow charging station, holding a share of approximate to 60% in the year 2019. While China and Japan had 150000 and 40000 charging stations respectively, other countries in the region is far behind as far as charging stations are concerned. The higher adoption rates of smart mobility services, government regulations, increasing fuel prices, and growing trend toward adopting non-fossil fuel-based vehicles are supporting the growth of electric vehicles. The market is to incline towards the commercial vehicles with the volume share increasing to nearly 10% by the end of the forecasted period, and reaching to a value less than USD 25 Billion. Further, the integrated mobility and ride-sharing services are improving the acceptance of electric vehicles in this region. By the forecast period, China is to witness growth in the adoption of electric buses, as more than 30 Chinese cities like Guangzhou, Zhuhai, Dongguan, Foshan, and Zhongshan, Nanjing, Hangzhou, Shaanxi, and Shandong have made plans to achieve 100% electrified public transport by 2020. BEVs are highly demanded across the region owing to the cost-effectiveness of the vehicles, and the segment is expected to grow at a value CAGR of 30.04% during the forecast period. PHEV sale is slow in Asian countries due to the huge initial investments as the vehicle supports both plug-in electric energy and fuel-based electrical energy input. The manufacturers such as Mercedes-Benz, Volvo, BMW, Volkswagen, Ford, Mitsubishi, etc., have already launched the plug-in-hybrid versions of the existing conventional vehicle models, which registered a considerable portion of the sales of the overall plug-in vehicle sales. China is the largest manufacturer of plug-in hybrid vehicles in the region. The country is also the largest market for these vehicles, with manufacturers, such as BYD, SAIC, and BAIC, leading the market. Companies Mentioned: Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company BYD Company Motors, Ford Motor Company, Aiways, Citroen, Lightening GT, Micro Mobility, Zacua, Nio, Tata Motors Ashok Leyland, Changsha Sunda New Energy Technology Co., Ltd. https://www.bonafideresearch.com/product/210159994
Asia Pacific Electric Vehicle Market Outlook, 2025 CONSIDERED IN THE REPORT • Geography: Asia Pacific • Base year: 2019 • Historical year: 2014 • Forecasted year: 2025 REGIONS COVERED: • Asia Pacific • China • Japan • India • Australia • Korea The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. In addition, the market is studied in detail with respect to the different types of the excavators and its purposes regionally. ASPECTS COVERED IN THE REPORT • Market Size By Value for the time period (2014-2025F) • Market Size By Volume for the time period (2014-2025F) • Market Share by Vehicle Type (Passenger & Light Commercial) • Market Share by Propulsion Type (BEV & PHEV) • Market Share by Sales Channel (2020 & 2026F) • Market Share by Charging Type ( Normal & Fast) • Market Share by Country Key Points Covered in this report: • Market Evolution through value and volume CAGRs at different verticals • Detailed discussion on the market dynamics that influence the market and the possible opportunities • In sights on the market leader's performance including market shares, strategies, products, financial positions, etc This report would help you answer the following questions: 1. What is the market size and forecast of the Asia Pacific Electric Vehicle Market? 2. What are the inhibiting factors and impact of COVID-19 shaping the Asia Pacific Electric Vehicle Market during the forecast period? 3. Which region outstands in the Asia Pacific Electric Vehicle Market? 4. Which are the segments to invest in over the forecast period in the Asia Pacific Electric Vehicle Market? 5. What is the competitive strategic window for opportunities in the Asia Pacific Electric Vehicle Market? 6. What are the technology trends and regulatory frameworks in the Asia Pacific Electric Vehicle Market? 7. What are the major company in the Asia Pacific Electric Vehicle Market? https://www.bonafideresearch.com/product/210159994
Asia Pacific Electric Vehicle Market Outlook, 2025 Table of Contents TABLE OF CONTENTS 1 Executive Summary 2 Report Methodology 3 Global Electric Vehicle Market Outlook 3.1 Market Size 3.1.1 By Value 3.1.2 By Volume 3.2 Market Share 3.2.1 By Vehicle Type 3.2.2 By Propulsion Type (BEV & PHEV) 3.2.3 By Charging Type 3.2.4 By Vehicle Class 3.2.5 By Region 3.2.6 By Country 3.2.7 By Company 3.3 Global BEV Market Outlook 3.4 Global PHEV Market Outlook 4 Asia Pacific Electric Vehicle Market Outlook 4.1 Market Size 4.1.1 By Value 4.1.2 By Volume 4.2 Market Share 4.2.1 By Vehicle Type 4.2.2 By Propulsion Type (BEV & PHEV) 4.2.3 By Charging Type 4.2.4 By Country 4.3 Asia Pacific BEV & PHEV Market Outlook 4.3.1 By Value 4.3.2 By Volume 4.4 China Electric Vehicle Market Outlook 4.4.1 Market Size 4.4.2 Market Share 4.4.2.1 By Vehicle Type 4.4.2.2 By Propulsion Type (BEV & PHEV) 4.5 Japan Electric Vehicle Market Outlook 4.5.1 Market Size 4.5.2 Market Share 4.5.2.1 By Vehicle Type 4.5.2.2 By Propulsion Type (BEV & PHEV) 4.6 India Electric Vehicle Market Outlook 4.6.1 Market Size 4.6.2 Market Share 4.6.2.1 By Vehicle Type 4.6.2.2 By Propulsion Type (BEV & PHEV) 4.7 Australia Electric Vehicle Market Outlook 4.7.1 Market Size 4.7.2 Market Share 4.7.2.1 By Vehicle Type https://www.bonafideresearch.com/product/210159994
Asia Pacific Electric Vehicle Market Outlook, 2025 4.7.2.2 By Propulsion Type (BEV & PHEV) 4.8 Korea Electric Vehicle Market Outlook 4.8.1 Market Size 4.8.2 Market Share 4.8.2.1 By Vehicle Type 4.8.2.2 By Propulsion Type (BEV & PHEV) 5 Market Dynamics 5.1 Key Drivers 5.2 Key Challenges 6 Market Trends and Developments 7 Competitive Landscape 7.1 Porter's Five Forces 8 Company Profile 8.1 Aiways Automobiles Corporative Limited 8.2 Ashok Leyland 8.3 Beijing Automobiles Industry Holding Corporative limited 8.4 Bentley Motors Limited 8.5 BMW Group 8.6 BYD Company Motors 8.7 Changsha Sunda New Energy Technology Limited 8.8 Daimler AG 8.9 Ford Motors 8.10 General Motors 8.11 Hyundai 8.12 NFI 8.13 Nio 8.14 Nissan Motor 8.15 Rimac Automobiles 8.16 SAIC 8.17 Tata Motors 8.18 Tesla 8.19 Toyota Motor Corporation 8.20 Volkswagen 8.21 Yutong 8.22 Zhejiang Geely 9 Strategic Recommendations 10 Disclaimer https://www.bonafideresearch.com/product/210159994
Asia Pacific Electric Vehicle Market Outlook, 2025 List of figures & tables LIST OF FIGURES Figure 1: Regional Overview of Global Electric Vehicle Market Figure 2: Global Electric Vehicles Market Size – By Value 2014 to 2025F (In USD Billion) Figure 3: Global Electric Vehicles Market Size – By Volume 2014 to 2025F (In Thousand Units) Figure 4: Global Electric Vehicle Market Share – By Charging Type By Volume 2019 & 2025F Figure 5 : Global Electric Vehicle Market Share By Company (2019) Figure 6 : Asia Pacific Electric Vehicle Market Size – By Value 2014 to 2025F (In USD Billion) Figure 7 : Asia Pacific Electric Vehicles Market Size – By Volume 2014 to 2025F (In Thousand Units) Figure 8: Asia Pacific Electric Vehicle Market Share – By Charging Type By Volume 2019 & 2025F Figure 9: Asia Pacific BEV & PHEV Market Size – By Value 2014 to 2025F (In USD Billion) Figure 10 : Asia Pacific BEV & PHEV Market Size – By Value 2014 to 2025F (In USD Billion) Figure 11: Porter's Five Force Model for Electric Vehicle Industry https://www.bonafideresearch.com/product/210159994
Asia Pacific Electric Vehicle Market Outlook, 2025 Press Releases Positioned as the highest contributor in the market, the major Asian countries account to over 30%- Bonafide Research China is considered the largest market for electric vehicles in the Asia Pacific. By the forecasted period, China is to witness growth in the adoption of electric buses, as over 30 Chinese cities have made plans to achieve 100% electrified public transport by 2020. According to the report titled, ‘Asia Pacific Electric Vehicle Market Outlook, 2025‘ by Bonafide Research, the region grew as the highest contributor with over 50% of the global market since 2017 and is expected to the same through the forecasted period. The region’s electric vehicle market is likely to grow over a value CAGR of 28% and cross USD 200 Billion by the end of the forecasted period. The South Korean government aims to become more self-sufficient and competitive in the green car market and less reliant on China, where most of the components are made. China and Japan had 150000 and 40000 charging stations respectively, other countries in the region are far behind as far as charging stations are concerned. The region has a high dominance of the normal or the slow charging station, holding a share of approximately 60% in the year 2019. The lack of a reliable public charging infrastructure limits drivers with access to a dedicated parking spot. Public DC fast chargers are required to meet charging demand from the region that do not have access to dedicated Level 2 charging at home or the workplace. BEVs are highly demanded across the region owing to the cost-effectiveness of the vehicles, and the segment is expected to grow at a value CAGR over 25% during the forecast period. PHEV sale is slow in Asian countries because of the huge initial investments as the vehicle supports both plug-in electric energy and fuel-based electrical energy input. The integrated mobility and ride-sharing services are improving the acceptance of electric vehicles in this region. The market is to incline towards the commercial vehicles with the volume share increasing to nearly 10% by the end of the forecasted period and reaching a value of less than USD 25 Billion. Toyota Motor Corporation, Mercedes-Benz, BMW, Hyundai, Nissan, and Kia are the most prominent players in the high-performance electric vehicles market. Owing to the increasing sales of plug-in hybrid vehicles in the Asia- Pacific region, especially in China, Toyota planned to introduce more plug-in-hybrid versions of the existing vehicle models. General Motors’ joint venture with SAIC is likely to be the manufacturing plant for plug-in-hybrid vehicles in the region. The manufacturers such as Mercedes-Benz, Volvo, BMW, Volkswagen, Ford, Mitsubishi,etc have already launched https://www.bonafideresearch.com/product/210159994
Asia Pacific Electric Vehicle Market Outlook, 2025 the plug-in-hybrid versions of the existing conventional vehicle models, which registered a considerable portion of the sales of the overall plug-in vehicle sales. China is the largest manufacturer of plug-in hybrid vehicles in the region. The country is also the largest market for these vehicles, with manufacturers, such as BYD, SAIC, and BAIC, leading the market. https://www.bonafideresearch.com/product/210159994
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