Asia-Pacific Electric Car Market 2019 Analysis May Set New Growth Story, Forecast to 2025

 

The Asia-Pacific electric car market is projected to grow at a significant CAGR of more than 23.0% during the forecast period (2019-2025). The factors that contribute to the growth of the market include supportive government regulations and subsidies by the government to reduce the dependency on oil and to decrease carbon emission. In October 2020, South Korean President Moon Jae-in announced a program, “New Green Deal” that aim to achieve low carbon emission by 2050. South Korea will be spending around $37 billion on electric vehicles, green infrastructure, and clean energy.

To Request a Sample of our Report on Asia-Pacific Electric Car Market:  https://www.omrglobal.com/request-sample/asia-pacific-electric-car-market-share

Apart from it, the South Korea Green project targets, 1.13 million EVs. On the other 200,000 hydrogen vehicles will be removed from the roads by 2025. The South Korean Government is also focusing on providing premium benefits on the EVs to the customer, so the sales of the electric vehicle will be increased for the companies. Further, around $8500 bonus is available for registered EV, although it became conditional. The vehicle price below $55,000 will get the full bonus amount and the vehicles priced between $55,000 and $80,000 will get only half the amount of premium. So, the premium benefit of the government will encourage people to buy more EVs. 

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A full Report of Asia-Pacific Electric Car Market is Available at:  https://www.omrglobal.com/industry-reports/asia-pacific-electric-car-market-share

Market Coverage

  • Market number available for – 2018-2025
  • Base year- 2018
  • Forecast period- 2019-2025
  • Segment Covered- By Vehicle Type, By Propulsion Technology, By Battery Type 
  • Region Covered- Asia-Pacific
  • Competitive Landscape- SAIC Motor Corp. Ltd., BAIC Group, BYD Auto Co., Ltd., Great Wall Motors Co. Ltd., Hyundai Motor Co., Kia Motors Corp., Toyota Motor Corp., Tesla Inc., Jaguar Land Rover Ltd., Nissan Motor Co., Volkswagen AG, Audi AG, BMW AG, and others 

Asia-Pacific Electric Car Market Report Segment

By Vehicle Type

  • Sedan
  • Hatchback
  • SUV

By Propulsion Technology

  • Battery Electric car
  • Plug-in Hybrid Electric Car

By Battery Type

  • NiMH
  • Li-ion
  • Others

Asia-Pacific Electric Car Market Countries Covered

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Company Profiles

·        Audi AG 

·        BAIC Group

·        BMW AG 

·        BYD Auto Co., Ltd. 

·        Chang'an Automobile Co., Ltd. 

·        Chery Automobile Co., Ltd.

·        General Motors Co.

·        Great Wall Motors Co. Ltd.

·        Honda Motor Co., Ltd. 

·        Hyundai Motor Co.

·        Jaguar Land Rover Ltd.

·        Kia Motors Corp.

·        Maruti Suzuki India Ltd.

·        Mitsubishi Motors Corp.

·        Nissan Motor Co. 

·        Renault Group

·        SAIC Motor Corp. Ltd.

·        Tesla, Inc.

·        Toyota Motor Corp. 

·        Volkswagen AG

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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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