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Asia-Pacific Electric Vehicle Market
Asia-Pacific Electric Vehicle Market by Vehicle Type (Passenger Vehicle, LCV, HCV, Two-wheeler, e-Scooters & Bikes); Propulsion Type (BEV, FCEV, HEV); Power Output (Less Than 100kW, 100 kW to 250 kW); End Use, Charging Standard, and Country - Forecast to 2029
Report ID:MRAUTO - 104549 Pages: 153 Jul-2022 Formats*: PDF Category: Automotive and Transportation Delivery: 2 to 4 HoursThe Asia-Pacific Electric Vehicle Market is expected to grow at a CAGR of 35% from 2022 to 2029 to reach $2,688.23 billion by 2029. By volume, this market is expected to reach 389.62 million units by 2029, at a CAGR of 30.3% during the forecast period. The growth of this market is attributed to supportive government policies and regulations, increasing investments by leading automotive OEMs, and decreasing prices of batteries. Increasing adoption of electric mobility in emerging economies and increasing EV and battery manufacturing capabilities in Southeast Asia provides lucrative growth opportunities for the growth of this market.
Impact of COVID-19 on the Asia-Pacific Electric Vehicle Market
The outbreak of the COVID-19 pandemic severely impacted several sectors, including the automotive sector, with major manufacturers shutting down their operations completely or operating at reduced capacities following the directives issued by their respective governments. The automotive industry was also severely affected by the nationwide lockdowns and quarantines. Uncertainty regarding the duration of the lockdown and supply-chain disruptions made it more difficult for industry players to anticipate the recovery of the industry. This crisis caused structural shifts that had significant implications on the market.
The COVID-19 pandemic declined the demand for EVs across India, but the incentives offered by the Indian Government are expected to promote exponential growth of the EVs market in the coming years. For instance, in May 2021, the Indian government rolled out a Production-Linked Incentive Scheme (PLI) for ACC Battery Storage Manufacturing, which will incentivize the domestic production of batteries and limit the dependency on imports. This scheme is expected to support the EV industry with the requisite infrastructure and significantly cause a reduction in the cost of EVs.
Moreover, the policymakers of India are developing a mobility option that is “Shared, Connected, and Electric” and have projected an ambitious target of achieving 100 percent electrification by 2030. In addition to this, a study by the CEEW Centre for Energy Finance (CEEW-CEF) states that the Indian EV market will be a $206 billion opportunity by 2030 if India maintains steady progress to meet its ambitious 2030 target. This would require a cumulative investment of over $180 billion in electric vehicle production and charging infrastructure. Additionally, a study by the India Energy Storage Alliance (IESA) states that the Indian EVs market will grow at a CAGR of 36% by 2026.
The EV batteries market is also projected to grow at a CAGR of 30% during the same period. Hence, the abundance of renewable energy resources and the availability of skilled manpower in the technology and manufacturing sectors are expected to fuel the growth of the EVs market in the coming years.
The Asia-Pacific electric vehicle market is segmented based on vehicle type, propulsion type, power output, charging standard, end use, and country. The study also evaluates industry competitors and analyses the market at the country level.
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Decreasing Battery Prices to Support Market growth
Battery electric vehicle mainly include passenger cars, autonomous delivery vehicle, industrial vehicle, and public transport vehicle. However, the cost and range limitations associated with EV batteries are a major restraining factor for the complete transition to electric mobility. Its capacity determines the cost of an electric vehicle battery in kilowatt-hours (kWh), which dictates its range and the power level of the motor that it supplies. Advancements in battery technologies have brought down the cost of EV battery per kWh. Today, EV battery manufacturers are aiming to provide EV manufacturers with high-capacity batteries with reduced battery prices to ensure the overall cost of a vehicle falls under the subsidized range.
Government initiatives across Asia-Pacific to phase out fossil fuel-powered vehicle, increasing concerns raised over the environmental impacts of conventional vehicle, improvements in battery capacity, and supporting government policies and regulations to set up battery manufacturing capabilities are promoting the growth of this market.
In 2020, the Government of India announced its plans to invest $4.6 billion in incentives for setting up advanced battery manufacturing facilities and promoting the use of EVs. Also, the Government of India announced to retain import tax rate of 5% for EV batteries until 2022 to support local manufacturing. Therefore, such initiatives are expected to reduce the total manufacturing cost of batteries, thus promoting the adoption of electric vehicle in the coming years.
According to a report by BloombergNEF, the average price per kilowatt-hour for batteries is expected to be approximately $100/kWh by 2023, making it possible for EVs to be priced the same as comparable gasoline-powered vehicle.
Several players in the market are incorporating advanced technologies and focusing on ways to reduce the vehicle’s battery size effectively, cost and improve its performance and power to weight ratio. In 2020, Samsung SDI (South Korea) commercialized a li-ion battery product that would replace liquid electrolytes in a battery cell with a solid electrolyte to improve battery performance. Such developments by major players in reducing the vehicle’s battery size and improving its performance for EVs also contribute to the overall market growth.
Key Findings in the Asia-Pacific Electric Vehicle Market Study:
Light commercial vehicle Segment Expected to Grow at Highest CAGR During Forecast period
Based on vehicle type, the Asia-Pacific electric vehicle market is segmented into passenger vehicle, light commercial vehicle, heavy commercial vehicle, two-wheelers, and e-scooters & bikes.
The light commercial vehicle segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly driven by the growing awareness regarding the role of electric vehicle in reducing emissions, rising demand for electric vehicle to reduce fleet emissions, and stringent government rules and regulations towards vehicle emissions.
Electric LCVs are a key element of urban distribution and transport systems and offer a promising low-emission solution. They require low maintenance and have relatively lower operating costs due to the non-requirement of lubricating the engines and lack of maintenance costs associated with gas engines. Electric LCVs contribute to the reduction of greenhouse gas emissions and lower the dependence on fuels. Hence, these are the key factors driving the adoption of electric light commercial vehicle.
Fuel Cell Electric Vehicle Segment Expected to Grow at Highest CAGR During Forecast Period
Based on propulsion type, the Asia-Pacific electric vehicle market is segmented into battery electric vehicle, hybrid vehicle, and fuel cell electric vehicle. The fuel cell electric vehicle segment is expected to grow at the highest CAGR during the forecast period.
The high growth rate of this segment is mainly driven by the increasing demand for vehicle with low carbon emissions, a growing emphasis on the adoption of FCEVs due to advantages, such as fast refueling, and increasing government initiatives and investments for advancing fuel cell technology. Several major players and governments across Asia-Pacific are trying to encourage the use of hydrogen fuel cells for vehicle through various policies, investments, and regulations.
100kW to 250kW Segment Expected to Grow at Highest CAGR During Forecast Period
Based on power output, the Asia-Pacific electric vehicle market is segmented into less than 100kW, 100kW to 250kW, and more than 250kW. The 100kW to250 kW segment is expected to grow at the highest CAGR during the forecast period.
The high growth rate of this segment is attributed to the increasing adoption of electric buses and trucks, mainly for public transportation and freight service applications. Power output between 100kW–250kW is widely utilized in EVs, such as passenger vehicle and light commercial vehicle, including vans, pick-up trucks, and utility vehicle.
The adoption of these EVs is increasing due to the rise in fuel prices and government initiatives for lowering fleet emissions of buses and trucks. Transport authorities worldwide are formulating policies to increase the number of electric buses for mass transit, which further supports the growth of this segment.
Commercial Use Segment Expected to Grow at Highest CAGR During Forecast Period
Based on end use, the Asia-Pacific electric vehicle market is segmented into private use, commercial use, and industrial use. The commercial use segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly driven by the increase in fuel prices and stringent emission norms set by governments, the growing adoption of autonomous delivery vehicle, and the increasing adoption of electric buses and trucks.
Several manufacturers and suppliers in countries including Japan, France, and the U.S., are focused on improving battery and charging technology efficiency for commercial EVs. Electric commercial vehicle help lower greenhouse gas emissions, reduce dependence on fossil fuels, ensure smooth operation, and meet the latest emissions regulations.
The Philippines to be Fastest-growing Market in Asia-Pacific
The Philippines is expected to record the highest CAGR during the forecast period. The Philippines EVs market is largely driven by the local government initiatives to encourage investments in electric mobility and the adoption of cleaner technologies.
In early 2018, The Department of Transportation (DOTr) launched a Public Utility Vehicle (PUV) modernization program aimed at phasing out fossil fuel-powered vehicle in public transportation and replacing them with environmentally friendly alternatives. The Electric Vehicle Association of the Philippines (EVAP) forecasts an annual growth rate of 8-12% with revenue generation of $33.6 million from services and sales of approximately 200,000 units of electric vehicle by 2024.
Key Players
The key players operating in the Asia-Pacific electric vehicle market are TATA Motors Limited (India), BYD Company Ltd. (China), Honda Motor Co., Ltd. (Japan), Nissan Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Yamaha Motor Co., Ltd. (Japan), Hero MotoCorp Ltd. (India), Ather Energy Pvt. Ltd. (India), Geely Automobile Holdings Limited (China), and XPeng Inc. (China).
Scope of the Report:
Asia-Pacific Electric Vehicle Market, by Vehicle Type
- Passenger Vehicle
- Two-wheeler
- Light Commercial Vehicle
- E-Scooters & Bikes
- Heavy Commercial Vehicle
Asia-Pacific Electric Vehicle Market, by Propulsion Type
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Pure Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
Asia-Pacific Electric Vehicle Market, by Power Output
- Less Than 100 KW
- 100 KW to 250 KW
- More Than 250 KW
Asia-Pacific Electric Vehicle Market, by End Use
- Private Use
- Commercial Use
- Shared Mobility
- Micromobility
- Public Transport
- Industrial Use
Asia-Pacific Electric Vehicle Market, by Country
- China
- Japan
- South Korea
- India
- Singapore
- Thailand
- Philippines
- Malaysia
- Australia
- New Zealand
- Taiwan
Key Questions Answered in the Report:
The Asia-Pacific electric vehicles market report covers the market size & forecasts by vehicle type, propulsion type, power output, charging standard, end use, and country. The market study involves the value analysis of various electric vehicles segments at the country level.
The Asia-Pacific electric vehicles market is poised to grow at a CAGR of 35% from 2022 to 2029 to reach $ 2,688.23 billion by 2029.
Based on the vehicle type, the passenger vehicles segment is expected to account for the largest share of the Asia-Pacific electric vehicles market in 2022.
Based on end use, the private use segment is expected to account for the largest share of the Asia-Pacific electric vehicles in 2022.
The growth of this market is attributed to supportive government policies and regulations, increasing investments by leading automotive OEMs, and decreasing prices of batteries. Increasing adoption of electric mobility in emerging economies and increasing EV and battery manufacturing capabilities in Southeast Asia provides lucrative growth opportunities for the growth of this market.
The key players operating in Asia-Pacific electric vehicles market are TATA Motors Limited (India), BYD Company Ltd. (China), Honda Motor Co., Ltd. (Japan), Nissan Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Yamaha Motor Co., Ltd. (Japan), Hero MotoCorp Ltd. (India), Ather Energy Pvt. Ltd. (India), Geely Automobile Holdings Limited (China), and XPeng Inc. (China).
The Philippines is projected to offer significant growth opportunities for the vendors in this market due to the local government initiatives to encourage investments in electric mobility and the adoption of cleaner technologies.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency And Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Growth Forecast
2.3.1.3. COVID-19 Impact Assessment
2.4. Assumptions for the Study
3. Executive Summary
4. The Impact of COVID-19
4.1. Scenario A: Severe Impact
4.2. Scenario B: Slow Recovery
4.3. Scenario C: Fast Recovery
5. Market Insights
5.1. Introduction
5.2. Market Dynamics
5.2.1. APAC Electric Vehicle Market Drivers: Impact Analysis (2022–2029)
5.2.1.1. Supportive Government Policies and Regulations
5.2.1.2. Increasing Investments by Leading Automotive OEMS
5.2.1.3. Decreasing Battery Prices
5.2.2. APAC Electric Vehicle Market Restraints: Impact Analysis (2022–2029)
5.2.2.1. Lack Of Charging Infrastructure in Developing Countries
5.2.3. APAC Electric Vehicle Market Opportunities: Impact Analysis (2022–2029)
5.2.3.1. Rising Adoption of Electric Mobility in Emerging Economies
5.2.3.2. Increasing EV and Battery Manufacturing Capabilities in Southeast Asia
5.2.4. APAC Electric Vehicle Market Challenges: Impact Analysis (2022–2029)
5.2.4.1. High Prices of Electric Vehicle
5.2.4.2. Range Limitations of Electric Vehicle
5.3. Value Chain Analysis
6. Asia Pacific Electric Vehicle Market, by Vehicle Type
6.1. Introduction
6.2. Passenger Vehicle
6.3. Two-Wheelers
6.4. Light Commercial Vehicle
6.5. Heavy Commercial Vehicle
6.6. E-Scooters & Bikes
7. Asia Pacific Electric Vehicle Market, by Propulsion Type
7.1. Introduction
7.2. Battery Electric Vehicle
7.3. Hybrid Vehicle
7.3.1. Pure Hybrid Electric Vehicle
7.3.2. Plug-In Hybrid Electric Vehicle
7.4. Fuel Cell Electric Vehicle
8. Asia Pacific Electric Vehicle Market, By Power Output
8.1. Introduction
8.2. Less Than 100 kW
8.3. 100 kW to 250 kW
8.4. More Than 250 kW
9. Asia Pacific Electric Vehicle Market, By End Use
9.1. Introduction
9.2. Private Use
9.3. Commercial Use
9.3.1. Public Transport
9.3.2. Micromobility
9.3.3. Shared Mobility
9.4. Industrial Use
10. Asia Pacific Electric Vehicle Market, by Charging Standard
10.1. Introduction
10.2. Guobiao Standards (GB/T)
10.3. Charge De Move (CHAdeMO)
10.4. Combined Charging System (CCS)
10.5. Tesla Supercharger
10.6. Type 1 (SAE J1772)
10.7. Type 2 (IEC 62196)
11. Asia Pacific Electric Vehicle Market, by Geography
11.1. Introduction
11.1.1. China
11.1.2. Japan
11.1.3. South Korea
11.1.4. India
11.1.5. Australia
11.1.6. New Zealand
11.1.7. Thailand
11.1.8. Singapore
11.1.9. Taiwan
11.1.10. Malaysia
11.1.11. Philippines
12. Competitive Landscape
12.1. Introduction
12.2. Key Growth Strategies
12.3. Market Share Analysis
12.3.1. BYD Company Limited
12.3.2. Hero MotoCorp Ltd.
12.3.3. Tata Motors Limited
13. Company Profiles (Business Overview, Financial Overview, Product Offerings, Strategic Developments)
13.1. Ather Energy Private Limited
13.2. BYD Company Limited
13.3. Geely Automobile Holdings Limited
13.4. Hero MotoCorp Ltd.
13.5. Honda Motor Co., Ltd.
13.6. Hyundai Motor Company
13.7. Nissan Motor Co., Ltd.
13.8. Tata Motors Limited
13.9. XPeng Inc.
13.10. Yamaha Motor Co., Ltd.
14. Appendix
14.1. Questionnaire
14.2. Available Customization
List of Tables
Table 1 Market Size and CAGR (USD Million)
Table 2 Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 3 Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Unit Thousand)
Table 4 Asia-Pacific Electric Passenger Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 5 Asia-Pacific Electric Two-Wheelers Market Size, by Country, 2020–2029 (USD Million)
Table 6 Asia-Pacific Electric Light Commercial Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 7 Asia-Pacific Electric Heavy Commercial Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 8 Asia-Pacific Electric E-Scooters & Bikes Market Size, by Country, 2020–2029 (USD Million)
Table 9 Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 10 Asia-Pacific Battery Electric Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 11 Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 12 Hybrid Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 13 Asia-Pacific Pure Hybrid Electric Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 14 Asia-Pacific Plug-In Hybrid Electric Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 15 Asia-Pacific Fuel Cell Electric Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 16 Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 17 Asia-Pacific Less Than 100 kW Electric Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 18 Asia-Pacific 100 kW to 250 kW Electric Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 19 Asia-Pacific More Than 250 kW Electric Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 20 Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 21 Asia-Pacific Electric Vehicle Market Size for Private Use, by Country, 2020–2029 (USD Million)
Table 22 Asia-Pacific Electric Vehicle Market Size, by Commercial Use, 2020–2029 (USD Million)
Table 23 Asia-Pacific Electric Vehicle Market Size for Commercial Use, by Country, 2020–2029 (USD Million)
Table 24 Asia-Pacific Electric Vehicle Market Size for Public Transport, by Country, 2020–2029 (USD Million)
Table 25 Asia-Pacific Electric Vehicle Market Size for Micromobility, by Country, 2020–2029 (USD Million)
Table 26 Asia-Pacific Electric Vehicle Market Size for Shared Mobility, by Country, 2020–2029 (USD Million)
Table 27 Asia-Pacific Electric Vehicle Market Size for Industrial Use, by Country, 2020–2029 (USD Million)
Table 28 Asia-Pacific Electric Vehicle Market Size, by Country, 2020–2029 (USD Million)
Table 29 Asia-Pacific Electric Vehicle Market Volume, by Country, 2020–2029 (Unit Thousand)
Table 30 China: Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 31 China: Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Unit Thousand)
Table 32 China: Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 33 China: Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 34 China: Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 35 China: Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 36 China: Asia-Pacific Electric Vehicle Market Size for Commercial Use, by Type, 2020–2029 (USD Million)
Table 37 Japan: Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 38 Japan: Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Units Thousand)
Table 39 Japan: Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 40 Japan: Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 41 Japan: Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 42 Japan: Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 43 Japan: Asia-Pacific Electric Vehicle Market Size for Commercial Use, by Type, 2020–2029 (USD Million)
Table 44 South Korea: Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 45 South Korea: Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Unit Thousand)
Table 46 South Korea: Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 47 South Korea: Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 48 South Korea: Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 49 South Korea: Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 50 South Korea: Asia-Pacific Electric Vehicle Market Size for Commercial Use, by Type, 2020–2029 (USD Million)
Table 51 India: Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 52 India: Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Unit Thousand)
Table 53 India: Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 54 India: Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 55 India: Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 56 India: Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 57 India: Asia-Pacific Electric Vehicle Market Size for Commercial Use, by Type, 2020–2029 (USD Million)
Table 58 Australia: Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 59 Australia: Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Unit Thousand)
Table 60 Australia: Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 61 Australia: Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 62 Australia: Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 63 Australia: Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 64 Australia: Asia-Pacific Electric Vehicle Market Size for Commercial Use, by Type, 2020–2029 (USD Million)
Table 65 New Zealand: Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 66 New Zealand: Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Unit Thousand)
Table 67 New Zealand: Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 68 New Zealand: Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 69 New Zealand: Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 70 New Zealand: Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 71 New Zealand: Asia-Pacific Electric Vehicle Market Size for Commercial Use, by Type, 2020–2029 (USD Million)
Table 72 Thailand: Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 73 Thailand: Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Unit Thousand)
Table 74 Thailand: Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 75 Thailand: Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 76 Thailand: Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 77 Thailand: Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 78 Thailand: Asia-Pacific Electric Vehicle Market Size for Commercial Use, by Type, 2020–2029 (USD Million)
Table 79 Singapore: Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 80 Singapore: Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Unit Thousand)
Table 81 Singapore: Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 82 Singapore: Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 83 Singapore: Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 84 Singapore: Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 85 Singapore: Asia-Pacific Electric Vehicle Market Size for Commercial Use, by Type, 2020–2029 (USD Million)
Table 86 Taiwan: Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 87 Taiwan: Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Unit Thousand)
Table 88 Taiwan: Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 89 Taiwan: Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 90 Taiwan: Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 91 Taiwan: Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 92 Taiwan: Asia-Pacific Electric Vehicle Market Size for Commercial Use, by Type, 2020–2029 (USD Million)
Table 93 Malaysia: Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 94 Malaysia: Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Unit Thousand)
Table 95 Malaysia: Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 96 Malaysia: Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 97 Malaysia: Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 98 Malaysia: Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 99 Malaysia: Asia-Pacific Electric Vehicle Market Size for Commercial Use, By Type, 2020–2029 (USD Million)
Table 100 Philippines: Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2020–2029 (USD Million)
Table 101 Philippines: Asia-Pacific Electric Vehicle Market Volume, by Vehicle Type, 2020–2029 (Unit Thousand)
Table 102 Philippines: Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 103 Philippines: Asia-Pacific Hybrid Vehicle Market Size, by Type, 2020–2029 (USD Million)
Table 104 Philippines: Asia-Pacific Electric Vehicle Market Size, by Power Output, 2020–2029 (USD Million)
Table 105 Philippines: Asia-Pacific Electric Vehicle Market Size, by End Use, 2020–2029 (USD Million)
Table 106 Philippines: Asia-Pacific Electric Vehicle Market Size for Commercial Use, by Type, 2020–2029 (USD Million)
Table 107 Asia-Pacific Electric Vehicle Market: Recent Developments, by Company, 2019–2021
List of Figures
Figure 1 Currency and Limitations
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Market Size Estimation
Figure 7 Key Insights
Figure 8 Asia-Pacific Electric Vehicle Market, by Vehicle Type, 2029 (USD Million)
Figure 9 Asia-Pacific Electric Vehicle Market, by Vehicle Type, 2029 (Unit Thousand)
Figure 10 Asia-Pacific Electric Vehicle Market, by Propulsion Type, 2029 (USD Million)
Figure 11 Asia-Pacific Electric Vehicle Market, by Power Output, 2029 (USD Million)
Figure 12 Asia-Pacific Electric Vehicle Market, by End Use, 2029 (USD Million)
Figure 13 Geographic Snapshot: Asia-Pacific Electric Vehicle Market, (Value Share & CAGR)
Figure 14 Geographic Snapshot: Asia-Pacific Electric Vehicle Market, (Volume Share & CAGR)
Figure 15 The Impact of COVID-19 On the Asia-Pacific Electric Vehicle Market
Figure 16 Electric Vehicle Value Chain
Figure 17 Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2022 Vs. 2029 (USD Million)
Figure 18 Asia-Pacific Electric Vehicle Market Size, by Vehicle Type, 2022 Vs. 2029 (Unit Thousand)
Figure 19 Asia-Pacific Electric Vehicle Market Size, by Propulsion Type, 2022 Vs. 2029 (USD Million)
Figure 20 Asia-Pacific Electric Vehicle Market Size, by Power Output, 2022–2029 (USD Million)
Figure 21 Asia-Pacific Electric Vehicle Market Size, by End Use, 2022–2029 (USD Million)
Figure 22 Asia-Pacific Electric Vehicle Market Size, by Geography, 2022–2029 (USD Million)
Figure 23 Asia-Pacific Electric Vehicle Market Volume, by Country, 2022–2029 (Unit Thousand)
Figure 24 Key Growth Strategies Adopted by Leading Players, 2019–2021
Figure 25 Market Share Analysis: Asia-Pacific Electric Vehicle Market, 2021
Figure 26 BYD Company Ltd.: Financial Overview (2021)
Figure 27 Geely Automobile Holdings Limited: Financial Overview (2020)
Figure 28 Hero MotoCorp Ltd.: Financial Overview, 2021
Figure 29 Honda Motor Co., Ltd.: Financial Overview (2021)
Figure 30 Hyundai Motor Company: Financial Overview (2021)
Figure 31 Nissan Motor Co., Ltd.: Financial Overview (2021)
Figure 32 Tata Motors Limited: Financial Overview (2021)
Figure 33 XPeng Inc.: Financial Overview (2020)
Figure 34 Yamaha Motor Co., Ltd.: Financial Overview (2021)
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