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


Over the past few years, the usage of electric vehicles for transportation purposes has become a new trend in the APAC transportation industry. The higher adoption rates of smart mobility services, government regulations, increasing fuel prices, the wide availability of electricity, 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 electrical vehicles in this region.

Since 2013, the electric vehicles are being adopted at a higher rate across the region. China is leading the region’s electric vehicle production and the country alone accounts for more than half of the electric vehicles sold between 2013 and 2017. Japan, Australia, India, and New Zealand account for higher electric vehicle penetration rates after China.

The rising concerns on increasing volume of pollutants in this region are fostering the governments to look for alternative transport solutions. This has resulted in improved public transportation investments, increasing push for electric mobility, incentivizing the electric mobility offerings, and favorable regulatory changes to speed-up the adoption procedure of electric vehicles.

The market is segmented into vehicle types, namely two wheelers and four wheelers. The EV charging modules are segmented into AC slow charging, AC fast charging, and DC charging. The AC fast charging infrastructure is expected to hold the significant market share during the forecast period 2017–2023.

According to Infoholic Research, the “Asia Pacific Electric Vehicles” market is expected to grow at a CAGR of XX% during the forecast period 2017–2023.

The report provides details about the adoption of electric vehicles across the APAC region. The verticals segment covers transportation, entertainment, and others. The report also contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. The companies included in the report are Toyota, BYD Company Limited, BAIC Group, BMW, and Tesla.

The study offers a comprehensive analysis of the “Asia Pacific Electric Vehicles” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalist in understanding the companies better and take informed decisions.

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  • Data Collation (Secondary & Primary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

methodology

Market related information is congregated from both secondary and primary sources. Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

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