Asia Pacific electric passenger car market stood at over $ 15 billion in 2017 and is projected to grow at a CAGR of more than 28% to surpass $ 84.7 billion by 2023.  Growth in the market is led by rising concerns about growing air pollution levels in the region, and increasing demand for automobiles which run on cleaner fuels. Moreover, consistently growing affordability of electric passenger cars which are being provided by the leading automobile manufacturers is further likely to augment demand for electric passenger cars across Asia-Pacific in the coming years. Additionally, expanding product portfolio of electric passenger car manufacturers owing to the continued investments by several key OEMs in order to develop premium quality and more affordable electric passenger cars is anticipated to propel growth in Asia-Pacific electric passenger car market in the coming years.

 

Years considered for this report:

Historical Years:2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To assess the demand for electric passenger cars in Asia-Pacific.
  • To analyze and forecast the market size of electric passenger car market across Asia-Pacific.
  • To classify and forecast Asia-Pacific electric passenger car market on the basis vehicle type, technology type, driving range and country.
  • To identify drivers and challenges for Asia-Pacific electric passenger car market.
  • To identify market trends and development in Asia-Pacific electric passenger car market.
  • To identify and analyze the profile of leading players operating in Asia-Pacific electric passenger car market.


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Few of the leading companies currently invested in the electric passenger car market in Asia-Pacific include BYD Company Limited, BAIC Motor Corporation, Ltd, Tesla Inc., BMW AG, Volkswagen AG, General Motors Company, Nissan Motor Corporation, Audi AG, Ford Motor Company, and Renault SA, among others.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of electric passenger car manufacturers and companies currently invested in the market and operating in different countries across the region. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include system manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed service offerings, regional network, and regional presence of all major companies across Asia-Pacific.

TechSci Research calculated the market size for Asia-Pacific electric passenger car market using a bottom-up technique, wherein the volume service data for different vehicle type (Hatchback, Sedan & SUV) was recorded as well as forecast for the future years. TechSci Research sourced these figures from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Asia-Pacific electric passenger car manufacturers, distributors and other stakeholders
  • Associations, organizations, forums and alliances related to electric vehicles
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as electric passenger car manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Asia-Pacific electric passenger car market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Vehicle Type:
    • Hatchback
    • Sedan
    • SUV
  • Market, By Technology Type:
    • Battery Electric Vehicle
    • Plug-in Hybrid Electric Vehicle
  • Market, By Driving Range:
    • Above 150 Miles
    • Up to 150 Miles
  • By Country
    • China
    • Japan
    • South Korea
    • Australia
    • India
    • New Zealand
    • Rest of Asia-Pacific

 Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia-Pacific electric passenger car market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players.
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Asia-Pacific Electric Passenger Car Market Outlook

4.1.    Market Size & Forecast

4.1.1. By Value & Volume

4.2.    Market Share & Forecast

4.2.1. By Vehicle Type (Hatchback, Sedan and SUV)

4.2.2. By Technology Type (Plug-in Hybrid Electric Vehicle and Battery Electric Vehicle)

4.2.3. By Driving Range (Up to 150 Miles and Above 150 Miles)

4.2.4. By Country

4.3.    Market Attractiveness Index (By Vehicle Type)

4.4.    Market Attractiveness Index (By Technology Type)

4.5.    Market Attractiveness Index (By Country)

4.6.    Asia-Pacific Electric Passenger Car Market Country Analysis

4.6.1.    China Electric Passenger Car Market Outlook

4.6.1.1.  Market Size & Forecast

4.6.1.1.1.  By Value & Volume

4.6.1.2.  Market Share & Forecast

4.6.1.2.1.  By Vehicle Type

4.6.1.2.2.  By Technology Type

4.6.1.3.  Market Attractiveness Index (By Vehicle Type)

4.6.1.4.  Market Attractiveness Index (By Technology Type)

4.6.2.    Japan Electric Passenger Car Market Outlook

4.6.2.1.  Market Size & Forecast

4.6.2.1.1.  By Value & Volume

4.6.2.2.  Market Share & Forecast

4.6.2.2.1.  By Vehicle Type

4.6.2.2.2.  By Technology Type

4.6.2.3.  Market Attractiveness Index (By Vehicle Type)

4.6.2.4.  Market Attractiveness Index (By Technology Type)

4.6.3.    South Korea Electric Passenger Car Market Outlook

4.6.3.1.  Market Size & Forecast

4.6.3.1.1.  By Value & Volume

4.6.3.2.  Market Share & Forecast

4.6.3.2.1.  By Vehicle Type

4.6.3.2.2.  By Technology Type

4.6.3.3.  Market Attractiveness Index (By Vehicle Type)

4.6.3.4.  Market Attractiveness Index (By Technology Type)

4.6.4.    Australia Electric Passenger Car Market Outlook

4.6.4.1.  Market Size & Forecast

4.6.4.1.1.  By Value & Volume

4.6.4.2.  Market Share & Forecast

4.6.4.2.1.  By Vehicle Type

4.6.4.2.2.  By Technology Type

4.6.4.3.  Market Attractiveness Index (By Vehicle Type)

4.6.4.4.  Market Attractiveness Index (By Technology Type)

4.6.5.    India Electric Passenger Car Market Outlook

4.6.5.1.  Market Size & Forecast

4.6.5.1.1.  By Value & Volume

4.6.5.2.  Market Share & Forecast

4.6.5.2.1.  By Vehicle Type

4.6.5.2.2.  By Technology Type

4.6.5.3.  Market Attractiveness Index (By Vehicle Type)

4.6.5.4.  Market Attractiveness Index (By Technology Type)

4.6.6.    New Zealand Electric Passenger Car Market Outlook

4.6.6.1.  Market Size & Forecast

4.6.6.1.1.  By Value & Volume

4.6.6.2.  Market Share & Forecast

4.6.6.2.1.  By Vehicle Type

4.6.6.2.2.  By Technology Type

4.6.6.3.  Market Attractiveness Index (By Vehicle Type)

4.6.6.4.  Market Attractiveness Index (By Technology Type)

5.       Market Dynamics

5.1.    Drivers

5.2.    Challenges

6.       Market Trends & Developments

7.       Competitive Landscape

7.1.    BYD Company Limited

7.2.    BAIC Motor Corporation., Ltd

7.3.    Tesla Inc.

7.4.    BMW AG

7.5.    Volkswagen AG

7.6.    General Motors Company

7.7.    Nissan Motor Corporation

7.8.    Audi AG

7.9.    Ford Motor Company

7.10.   Renault SA

8.       Strategic Recommendations

  • List of Figures

     

    Figure 1: Asia-Pacific Electric Passenger Car Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 2: Asia-Pacific GDP (USD Billion), 2013-2023

    Figure 3: Asia-Pacific Electric Passenger Car Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 4: Asia-Pacific Electric Passenger Car Market Share, By Technology Type, By Volume, 2013-2023F

    Figure 5: Asia-Pacific Population (Million), 2013-2023

    Figure 6: Asia-Pacific Electric Passenger Car Market Share, By Driving Range, By Volume, 2017-2023F

    Figure 7: Asia-Pacific Electric Passenger Car Market Share, By Country, By Volume, 2013-2023F

    Figure 8: Asia-Pacific Electric Passenger Car Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 9: Asia-Pacific Electric Passenger Car Market Attractiveness Index, By Technology Type, By Volume, 2018E-2023F

    Figure 10: Asia-Pacific Electric Passenger Car Market Attractiveness Index, By Country, By Volume, 2018E-2023F

    Figure 11: China Electric Passenger Car Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 12: China Passenger Car Sales, By Volume (Million Units), 2013-2017

    Figure 13: China Electric Passenger Car Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 14: China Electric Passenger Car Market Share, By Technology Type, By Volume, 2013-2023F

    Figure 15: China Publicly Accessible Chargers, By Volume (Thousand Unit), 2014-2017

    Figure 16: China Electric Passenger Car Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 17: China Electric Passenger Car Market Attractiveness Index, By Technology Type, By Volume, 2018E-2023F

    Figure 18: Japan Electric Passenger Car Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 19: Japan Passenger Car Sales, By Volume (Million Units), 2013-2017

    Figure 20: Japan Electric Passenger Car Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 21: Japan Electric Passenger Car Market Share, By Technology Type, By Volume, 2013-2023F

    Figure 22: Japan Publicly Accessible Chargers, By Volume (Thousand Units), 2013-2017

    Figure 23: Japan Electric Passenger Car Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 24: Japan Electric Passenger Car Market Attractiveness Index, By Technology Type, By Volume, 2018E-2023F

    Figure 25: South Korea Electric Passenger Car Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 26: South Korea Passenger Car Sales, By Volume (Million Units), 2013-2017

    Figure 27: South Korea Electric Passenger Car Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 28: South Korea Electric Passenger Car Market Share, By Technology Type, By Volume, 2013-2023F

    Figure 29: South Korea Publicly Accessible Chargers, By Volume (Thousand Units), 2013-2017

    Figure 30: South Korea Electric Passenger Car Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 31: South Korea Electric Passenger Car Market Attractiveness Index, By Technology Type, By Volume, 2018E-2023F

    Figure 32: Australia Electric Passenger Car Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 33: Australia Passenger Car Sales, By Volume (Million Units), 2013-2017

    Figure 34: Australia Electric Passenger Car Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 35: Australia Electric Passenger Car Market Share, By Technology Type, By Volume, 2013-2023F

    Figure 36: Australia Electric Car Stock (BEV and PHEV), By Volume (Thousand Unit), 2013-2017

    Figure 37: Australia Electric Passenger Car Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 38: Australia Electric Passenger Car Market Attractiveness Index, By Technology Type, By Volume, 2018E-2023F

    Figure 39: India Electric Passenger Car Market Size, By Value (USD Million), By Volume (Thousand Unit), 2013-2023F

    Figure 40: India Passenger Car Sales, By Volume (Million Units), 2013-2017

    Figure 41: India Electric Passenger Car Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 42: India Electric Passenger Car Market Share, By Technology Type, By Volume, 2013-2023F

    Figure 43: India Electric Car Stock (BEV and PHEV), By Volume (Thousand Units), 2013-2017

    Figure 44: India Electric Passenger Car Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 45: India Electric Passenger Car Market Attractiveness Index, By Technology Type, By Volume, 2018E-2023F

    Figure 46: New Zealand Electric Passenger Car Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2013-2023F

    Figure 47: New Zealand Passenger Car Sales, By Volume (Million Units), 2013-2017

    Figure 48: New Zealand Electric Passenger Car Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 49: New Zealand Electric Passenger Car Market Share, By Technology Type, By Volume, 2013-2023F

    Figure 50: New Zealand Electric Car Stock (BEV and PHEV), By Volume (Thousand Units), 2013-2017

    Figure 51: New Zealand Electric Passenger Car Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 52: New Zealand Electric Passenger Car Market Attractiveness Index, By Technology Type, By Volume, 2018E-2023F