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Asia-PacificElectric Car Market to
Reach $761.97 BillionAnd 53.8 million
Units By 2028
Global Asia-Pacific Electric Car Market 2028
Page 1 of 4
© Meticulous Research| sales@meticulousresearch.com
Meticulous Research®— a leading global market research company, published a research report titled
“Asia-Pacific Electric Car Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output
(Less Than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and
Geography - Forecast to 2028”.
The Asia-Pacific electric car market is expected to grow at a CAGR of 34.6 % by value from 2021 to
reach $761.97 billion by 2028. By volume, this market is expected to grow at a CAGR of 40.4 % from
2021 to reach 53.8 million units by 2028. This market is driven by factors such as supportive
government policies and regulations, increasing investments by leading automotive OEMs, and
decreasing battery prices. Moreover, the increasing adoption of electric mobility in emerging APAC
countries and increasing EV and battery manufacturing capabilities in Southeast Asia provide
significant opportunities in this market. However, the lack of charging infrastructure in countries such
as India, Malaysia, and Indonesia obstruct the growth of this market to some extent. The high cost of
electric vehicles and range limitation of EVs are major challenges for the growth of the Asia-Pacific
electric cars market.
Download Free PDF Sample Copy of the Report (with COVID-19 Impact Analysis):
https://www.meticulousresearch.com/download-sample-report/cp_id=5215
The Impact of COVID-19 on the Asia-Pacific Electric Car Market
The Asia-Pacific electric cars market was moderately affected due to the quick recovery of automotive
manufacturing industries in China. The developing countries witnessed a sharp decline in their
economy due to low consumer demands and increased prices for essential commodities. The adoption
of electric cars has also decreased significantly. The high cost of electric cars also remained a
Global Asia-Pacific Electric Car Market 2028
Page 2 of 4
© Meticulous Research| sales@meticulousresearch.com
restraining factor for the growth of the electric cars market in these countries. However, stringent
government regulations in phasing out ICE vehicles till 2030 are expected to support the market's
growth during the forecast period.
Have query ???... feel free to Speak with our Analyst:
https://www.meticulousresearch.com/speak-to-analyst/cp_id=5215
Scope of the Report
APAC Electric Car Market, by Propulsion Type
 Hybrid Vehicles
o Pure Hybrid Vehicles
o Plug-in Hybrid Vehicles
 Battery Electric Vehicles
 Fuel Cell Electric Vehicles
APAC Electric Car Market, by Power Output
 Less Than 100 kW
 100 kW to 250 kW
APAC Electric Car Market, by End-Use
 Private Use
 Commercial Use
APAC Electric Car Market, by Geography
 Asia-Pacific
o China
o Japan
o South Korea
o India
o Singapore
o Thailand
o Philippines
o Malaysia
o Australia
o New Zealand
o Taiwan
o Rest of Asia-Pacific
To gain more insights into the market with a detailed table of content and figures, click here :
https://www.meticulousresearch.com/product/asia-pacific-electric-car-market-5215
Global Asia-Pacific Electric Car Market 2028
Page 3 of 4
© Meticulous Research| sales@meticulousresearch.com
Based on propulsion type, the Asia-Pacific electric cars market is mainly segmented into hybrid,
battery electric, and fuel cell electric vehicles. The hybrid vehicles segment is estimated to account for
the largest share of the Asia-Pacific electric cars market in 2021. The large share of this segment is
mainly attributed to increasingly stringent automotive emission regulations across different countries
in Asia-Pacific, rising consumer demand for high fuel efficiency vehicles, increasing investments by
automotive OEMs for hybridization of vehicle powertrain, and low cost of hybrid vehicles compared
to battery electric vehicles. However, the fuel cell electric vehicles segment is expected to witness
significant growth, as fuel cell electric vehicles offer several advantages such as fast refuelling and
zero tailpipe emissions.
Based on power output, the Asia-Pacific electric cars market is segmented into less than 100 kW and
100 kW to 250 kW. The less than 100 kW segment is estimated to account for the largest share of the
Asia-Pacific electric cars market in 2021. The large share of this segment is mainly attributed to
increasing usage and demand of light electric cars in the central business districts of major cities,
increasing use and demand of electric cars for shared mobility services, and falling battery prices.
However, the 100 kW to 250 kW segment is expected to grow at the highest CAGR during the forecast
period. The rapid growth of this segment is mainly attributed to the increasing initiatives by leading
automotive OEMs and strict regulations to reduce tailpipe emissions.
Based on end use, the Asia-Pacific electric cars market is segmented into private and commercial use.
The private use segment is estimated to account for the largest share of the electric cars market in Asia-
Pacific in 2021. The large share of this segment is mainly attributed to increasing consumer demand
for fuel-efficient and environment-friendly vehicles, major incentives plan by the government, tax
rebates laws, the decline in battery costs, and increasing fuel prices. However, the commercial use
segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this
segment is mainly attributed to the increasing use of electric cars in shared mobility services and
corporate taxi fleets.
Click here to check the Discounted offers from here:
https://www.meticulousresearch.com/request-discount/cp_id=5215
Geographically, China is estimated to account for the largest share of the Asia-Pacific electric cars
market in 2021 by value as well as by volume. The large share of this country is mainly attributed to
the extensive government support and expansion in charging infrastructure, tax exemptions for
purchasing electric cars by 2023, improving quality of electric cars, increasing charging facilities, and
subsidies offered by the Ministry of Commerce.
The key players operating in this market are Hyundai Motor Company (South Korea), Honda Motor
Co., Ltd. (Japan), Toyota Motor Corporation (Japan), Tata Motors Limited (India), Mahindra and
Mahindra Ltd. (India), NIO Inc. (China), XPeng Inc. (China), Geely Automobile Holdings Limited
(China), Nissan Motor Co., Ltd. (Japan), and Mitsubishi Motor Corporation (Japan).
Make enquiry before buying: https://www.meticulousresearch.com/enquire-before-
buying/cp_id=5215
Key Questions Answered in the Report-
 Which are the high growth market segments in terms of propulsion type, power output, end
use, and geography?
Global Asia-Pacific Electric Car Market 2028
Page 4 of 4
© Meticulous Research| sales@meticulousresearch.com
 What is the historical market size for electric cars in Asia-Pacific?
 What are the market estimates and forecasts for the period 2021-2028?
 What are the major drivers, restraints, opportunities, and challenges in the Asia-Pacific electric
cars market?
 Who are the major players in the market, and what are their market shares?
 Who are the major players in various countries, and what are their market shares?
 How is the competitive landscape for the Asia-Pacific electric cars market?
 What are the recent developments in the Asia-Pacific electric cars market?
 What are the different strategies adopted by the major players in the market?
 What are the key geographic trends, and which are the high-growth countries?
 Who are the local emerging players in the Asia-Pacific electric cars market, and how do they
compete with other players?
You can Buy Report from Here: https://www.meticulousresearch.com/Checkout/45157844
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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Asia pacific electric car market

  • 1. Asia-PacificElectric Car Market to Reach $761.97 BillionAnd 53.8 million Units By 2028
  • 2. Global Asia-Pacific Electric Car Market 2028 Page 1 of 4 © Meticulous Research| sales@meticulousresearch.com Meticulous Research®— a leading global market research company, published a research report titled “Asia-Pacific Electric Car Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output (Less Than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and Geography - Forecast to 2028”. The Asia-Pacific electric car market is expected to grow at a CAGR of 34.6 % by value from 2021 to reach $761.97 billion by 2028. By volume, this market is expected to grow at a CAGR of 40.4 % from 2021 to reach 53.8 million units by 2028. This market is driven by factors such as supportive government policies and regulations, increasing investments by leading automotive OEMs, and decreasing battery prices. Moreover, the increasing adoption of electric mobility in emerging APAC countries and increasing EV and battery manufacturing capabilities in Southeast Asia provide significant opportunities in this market. However, the lack of charging infrastructure in countries such as India, Malaysia, and Indonesia obstruct the growth of this market to some extent. The high cost of electric vehicles and range limitation of EVs are major challenges for the growth of the Asia-Pacific electric cars market. Download Free PDF Sample Copy of the Report (with COVID-19 Impact Analysis): https://www.meticulousresearch.com/download-sample-report/cp_id=5215 The Impact of COVID-19 on the Asia-Pacific Electric Car Market The Asia-Pacific electric cars market was moderately affected due to the quick recovery of automotive manufacturing industries in China. The developing countries witnessed a sharp decline in their economy due to low consumer demands and increased prices for essential commodities. The adoption of electric cars has also decreased significantly. The high cost of electric cars also remained a
  • 3. Global Asia-Pacific Electric Car Market 2028 Page 2 of 4 © Meticulous Research| sales@meticulousresearch.com restraining factor for the growth of the electric cars market in these countries. However, stringent government regulations in phasing out ICE vehicles till 2030 are expected to support the market's growth during the forecast period. Have query ???... feel free to Speak with our Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5215 Scope of the Report APAC Electric Car Market, by Propulsion Type  Hybrid Vehicles o Pure Hybrid Vehicles o Plug-in Hybrid Vehicles  Battery Electric Vehicles  Fuel Cell Electric Vehicles APAC Electric Car Market, by Power Output  Less Than 100 kW  100 kW to 250 kW APAC Electric Car Market, by End-Use  Private Use  Commercial Use APAC Electric Car Market, by Geography  Asia-Pacific o China o Japan o South Korea o India o Singapore o Thailand o Philippines o Malaysia o Australia o New Zealand o Taiwan o Rest of Asia-Pacific To gain more insights into the market with a detailed table of content and figures, click here : https://www.meticulousresearch.com/product/asia-pacific-electric-car-market-5215
  • 4. Global Asia-Pacific Electric Car Market 2028 Page 3 of 4 © Meticulous Research| sales@meticulousresearch.com Based on propulsion type, the Asia-Pacific electric cars market is mainly segmented into hybrid, battery electric, and fuel cell electric vehicles. The hybrid vehicles segment is estimated to account for the largest share of the Asia-Pacific electric cars market in 2021. The large share of this segment is mainly attributed to increasingly stringent automotive emission regulations across different countries in Asia-Pacific, rising consumer demand for high fuel efficiency vehicles, increasing investments by automotive OEMs for hybridization of vehicle powertrain, and low cost of hybrid vehicles compared to battery electric vehicles. However, the fuel cell electric vehicles segment is expected to witness significant growth, as fuel cell electric vehicles offer several advantages such as fast refuelling and zero tailpipe emissions. Based on power output, the Asia-Pacific electric cars market is segmented into less than 100 kW and 100 kW to 250 kW. The less than 100 kW segment is estimated to account for the largest share of the Asia-Pacific electric cars market in 2021. The large share of this segment is mainly attributed to increasing usage and demand of light electric cars in the central business districts of major cities, increasing use and demand of electric cars for shared mobility services, and falling battery prices. However, the 100 kW to 250 kW segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing initiatives by leading automotive OEMs and strict regulations to reduce tailpipe emissions. Based on end use, the Asia-Pacific electric cars market is segmented into private and commercial use. The private use segment is estimated to account for the largest share of the electric cars market in Asia- Pacific in 2021. The large share of this segment is mainly attributed to increasing consumer demand for fuel-efficient and environment-friendly vehicles, major incentives plan by the government, tax rebates laws, the decline in battery costs, and increasing fuel prices. However, the commercial use segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing use of electric cars in shared mobility services and corporate taxi fleets. Click here to check the Discounted offers from here: https://www.meticulousresearch.com/request-discount/cp_id=5215 Geographically, China is estimated to account for the largest share of the Asia-Pacific electric cars market in 2021 by value as well as by volume. The large share of this country is mainly attributed to the extensive government support and expansion in charging infrastructure, tax exemptions for purchasing electric cars by 2023, improving quality of electric cars, increasing charging facilities, and subsidies offered by the Ministry of Commerce. The key players operating in this market are Hyundai Motor Company (South Korea), Honda Motor Co., Ltd. (Japan), Toyota Motor Corporation (Japan), Tata Motors Limited (India), Mahindra and Mahindra Ltd. (India), NIO Inc. (China), XPeng Inc. (China), Geely Automobile Holdings Limited (China), Nissan Motor Co., Ltd. (Japan), and Mitsubishi Motor Corporation (Japan). Make enquiry before buying: https://www.meticulousresearch.com/enquire-before- buying/cp_id=5215 Key Questions Answered in the Report-  Which are the high growth market segments in terms of propulsion type, power output, end use, and geography?
  • 5. Global Asia-Pacific Electric Car Market 2028 Page 4 of 4 © Meticulous Research| sales@meticulousresearch.com  What is the historical market size for electric cars in Asia-Pacific?  What are the market estimates and forecasts for the period 2021-2028?  What are the major drivers, restraints, opportunities, and challenges in the Asia-Pacific electric cars market?  Who are the major players in the market, and what are their market shares?  Who are the major players in various countries, and what are their market shares?  How is the competitive landscape for the Asia-Pacific electric cars market?  What are the recent developments in the Asia-Pacific electric cars market?  What are the different strategies adopted by the major players in the market?  What are the key geographic trends, and which are the high-growth countries?  Who are the local emerging players in the Asia-Pacific electric cars market, and how do they compete with other players? You can Buy Report from Here: https://www.meticulousresearch.com/Checkout/45157844 Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research