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Asia Pacific Electric Vehicles Market : Industry Overview, Growth Rate, Trends Opportunities and Forecast To 2027

Asia Pacific Electric Vehicles Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

Overview:

Over the past few years, the usage of electric vehicles has become a new trend in the APAC transportation industry. 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. Further, the integrated mobility and ride-sharing services are improving the acceptance of electric vehicles in this region.

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“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”

Vendors: Toyota Motor Corporation, Siemens AG, Ford Motor Company, Robert Bosch GmbH, Cisco Systems, Inc., GLM Corporation, BYTON, Emflux Motors, NIO (NextEV), and Tork Motors are few of the companies profiled in the report.

Market Revenue and Segmentation Analysis:

The Asia Pacific electric vehicles market revenue is estimated to be $30.11 billion in 2017 and is expected to reach $144.62 billion by 2023, growing at a CAGR of 29.9% during the forecast period 2017–2023.

The propulsion types include battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and others. BEVs are highly demanded across the region owing to the cost-effectiveness of the vehicles, and the segment is expected to grow at a higher CAGR during the forecast period. PHEVs are slowly being adopted by Asian countries due to the huge initial investments as the vehicle supports both plug-in electric energy and fuel-based electrical energy input.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: [email protected]
Tel: + 81 3 45720790

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