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Asia Pacific Electric Passenger Car Market By Type (Hatchback, Sedan and SUV), By propulsion type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle), By Battery Capacity (<50Kwh, 50-100 Kwh, >100kwh), By Region, Competition Forecast & Opportunities, 2018- 2028F

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Asia-Pacific Electric Passenger Car Market is anticipated to grow with a rapid CAGR in the upcoming years. The primary reasons driving the growth of the Asia-Pacific electric car market are supportive government policies and regulations, increased investment by prominent automotive OEMs, and reducing battery prices. The increasing use of electric mobility in emerging economies, as well as the expansion of EV and battery production capacities in Southeast Asia, will present substantial development prospects for market players in the coming years.

Recent Developments

Tata Motors announced the debut of the long-range Nexon EV in India in May 2022, which is an improved Nexon EV that is intended to give a stated driving range of more than 400 km on a single charge. The car features a 40.5 kWh battery pack and a stated range of roughly 437 kilometres.

Toyota announced plans to launch its new bZ4X battery-powered SUV in Japan in May 2022. The bZ4X is Toyota's first car built on a specially designed electric vehicle platform developed in collaboration with Subaru. Toyota claims that its new BEV SUV has a power efficiency rating of 128Wh/km and a cruising range of 559km (347 miles). Its battery can be recharged to 80% in 40 minutes and is compatible with rapid DC chargers.

Volkswagen, FAW, and SAIC launched the 7-seater EV ID.6 Crozz and ID.6 X in China in April 2021. The vehicles are offered with two battery sizes, 58 kWh and 77 kWh, as well as four powertrain combinations.

 

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Favorable Government Policies and Investments

Governments across the world are boosting their investments in electric mobility. Government laws to phase out fossil-fuel-powered vehicles, government investments to expand public EV charging infrastructure, and actions in the form of subsidies and tax refunds to encourage EV adoption are projected to assist its market growth. Governments are investing in charging infrastructure, either directly in public charging stations or indirectly through subsidies for private charging stations at homes and workplaces. The Indian government has launched several measures to promote the manufacturing and acceptance of electric vehicles in India to comply with international standards and develop e-mobility in the wake of rising urbanization.

The National Electric Mobility Mission Plan (NEMMP) and the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME I and II) programmes aided in generating initial interest in the exposure for electric mobility.

Rise in Vehicle Sales

Increased EV sales around the world are one of the primary factors driving the growth of the electric vehicle market. Because of increased environmental consciousness, customer preference is fast turning towards passenger and commercial electric vehicles (EV). The increase in production and sales of luxury cars around the world because of increased disposable income accelerates the market growth. The greater demand for these better automobiles drives up vehicle production.

High Initial Investments Will Pose an Obstacle to Expansion

The significant initial investment necessary to establish EV fast charging infrastructure, as well as a lack of sufficient EV charging infrastructure, are projected to hinder the industry growth. Furthermore, high car costs and insufficient standardization of EV charging infrastructure are projected to be the difficulties for the electric vehicle market during the projection period.

Market Segmentation

The Asia-Pacific Electric Passenger Car Market is segmented by type, by propulsion type, by battery Capacity and by region. Based on type, the market is segmented into Hatchback, Sedan, and SUV. Based on Propulsion type, the market is segmented into Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle. Based on battery capacity the market is segmented into <100Kwh, 100-100 Kwh, >100kwh.

Company Profiles

Ford Motor Company, General Motors Inc., Kia Motors Company, SAIC Motor Corporation, Mercedes-Benz AG, Hyundai Motor Corporation, BYD Co., Ltd., Toyota Motor Company, Nissan Motor Company, Ltd, and Volkswagen AG. are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Type

By Propulsion type

By Battery Type

Region

Regional Scope

China, India, Japan, Thailand, Indonesia, Malaysia, South Korea, Singapore

Key Companies Profiled

Ford Motor Company, General Motors Inc., Kia Motors Company, SAIC Motor Corporation, Mercedes-Benz AG, Hyundai Motor Corporation, BYD Co., Ltd., Toyota Motor Company, Nissan Motor Company, Ltd, and Volkswagen AG.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

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Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 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:

·          Asia-Pacific Electric Passenger Car Market by Type:

    • Hatchback
    • Sedan
    • SUV
  • Asia-Pacific Electric Passenger Car Market, By Propulsion Type:
    • Battery Electric Vehicle
    • Plug-in Hybrid Electric Vehicle
    • Hybrid Electric Vehicle
    • Fuel cell Electric Vehicle
  • Asia-Pacific Electric Passenger Car Market, By Battery Capacity:
    • <50Kwh
    • 50-100 Kwh
    • >100Kwh
  • Asia-Pacific Electric Passenger Car Market, By Country:
    • China
    • Japan
    • India
    • Singapore
    • Thailand
    • Indonesia
    • South Korea
    • Malaysia

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 (up to five).

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1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Asia-Pacific Electric Passenger Car Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Asia-Pacific Electric Passenger Car Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume

6.1.2.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Hatchback, Sedan and SUV)

6.2.2.     By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle)

6.2.3.     By Battery Capacity (<50Kwh, 50-100 Kwh, >100kwh)

6.2.4.     By Region

6.2.5.     By Company (2022)

6.3.  Asia-Pacific Electric Passenger Car Market Mapping & Opportunity

6.3.1.     Market Mapping & Opportunity by Type

6.3.2.     Market Mapping & Opportunity by Propulsion Type

6.3.3.     Market Mapping & Opportunity by Battery Capacity

6.3.4.     Market Mapping & Opportunity by Region

6.4.  Asia-Pacific: Country Analysis

6.4.1.     China Electric Passenger Car Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Volume

6.4.1.1.2.             By Value

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Type (Hatchback, Sedan, and SUV)

6.4.1.2.2.             By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle)

6.4.1.2.3.             By Battery Capacity (<50Kwh, 50-100 Kwh, >100kwh)

6.4.2.     Japan Electric Passenger Car Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Volume

6.4.2.1.2.             By Value

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Type (Hatchback, Sedan, and SUV)

6.4.2.2.2.             By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle)

6.4.2.2.3.             By Battery Capacity (<50Kwh, 50-100 Kwh, >100kwh)

6.4.3.     India Electric Passenger Car Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Volume

6.4.3.1.2.             By Value

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Type (Hatchback, Sedan, and SUV)

6.4.3.2.2.             By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle)

6.4.3.2.3.             By Battery Capacity (<50Kwh, 50-100 Kwh, >100kwh)

6.4.4.     Singapore Electric Passenger Car Market Outlook

6.4.4.1.         Market Size & Forecast

6.4.4.1.1.             By Volume

6.4.4.1.2.             By Value

6.4.4.2.         Market Share & Forecast

6.4.4.2.1.             By Type (Hatchback, Sedan, and SUV)

6.4.4.2.2.             By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle)

6.4.4.2.3.             By Battery Capacity (<50Kwh, 50-100 Kwh, >100kwh)

6.4.5.     Thailand Electric Passenger Car Market Outlook

6.4.5.1.         Market Size & Forecast

6.4.5.1.1.             By Volume

6.4.5.1.2.             By Value

6.4.5.2.         Market Share & Forecast

6.4.5.2.1.             By Type (Hatchback, Sedan, and SUV)

6.4.5.2.2.             By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle)

6.4.5.2.3.             By Battery Capacity (<50Kwh, 50-100 Kwh, >100kwh)

6.4.6.     Indonesia Electric Passenger Car Market Outlook

6.4.6.1.         Market Size & Forecast

6.4.6.1.1.             By Volume

6.4.6.1.2.             By Value

6.4.6.2.         Market Share & Forecast

6.4.6.2.1.             By Type (Hatchback, Sedan, and SUV)

6.4.6.2.2.             By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle)

6.4.6.2.3.             By Battery Capacity (<50Kwh, 50-100 Kwh, >100kwh)

6.4.7.     South Korea Electric Passenger Car Market Outlook

6.4.7.1.         Market Size & Forecast

6.4.7.1.1.             By Volume

6.4.7.1.2.             By Value

6.4.7.2.         Market Share & Forecast

6.4.7.2.1.             By Type (Hatchback, Sedan, and SUV)

6.4.7.2.2.             By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle)

6.4.7.2.3.             By Battery Capacity (<50Kwh, 50-100 Kwh, >100kwh)

6.4.8.     Malaysia Electric Passenger Car Market Outlook

6.4.8.1.         Market Size & Forecast

6.4.8.1.1.             By Volume

6.4.8.1.2.             By Value

6.4.8.2.         Market Share & Forecast

6.4.8.2.1.             By Type (Hatchback, Sedan, and SUV)

6.4.8.2.2.             By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle)

6.4.8.2.3.             By Battery Capacity (<50Kwh, 50-100 Kwh, >100kwh)

7.    Market Dynamics

7.1.  Drivers

7.1.1.     Favorable government policies and investments

7.1.2.     Vehicle sales are increasing globally

7.2.  Challenges

7.2.1.     High initial investments

8.    Market Trends and Developments

9.    SWOT Analysis

10.  PESTLE Analysis

11.  Competitive Landscape

11.1.              Ford Motor Company

11.1.1.  Company Details

11.1.2.  Products & Services

11.1.3.  Financial (As Reported)

11.1.4.  Key Market Focus & Geographical Presence

11.1.5.  Recent Development

11.1.6.  Key Management Personnel

11.2.              General Motors Inc.

11.2.1.  Company Details

11.2.2.  Products & Services

11.2.3.  Financial (As Reported)

11.2.4.  Key Market Focus & Geographical Presence

11.2.5.  Recent Development

11.2.6.  Key Management Personnel

11.3.              Kia Motors Company

11.3.1.  Company Details

11.3.2.  Products & Services

11.3.3.  Financial (As Reported)

11.3.4.  Key Market Focus & Geographical Presence

11.3.5.  Recent Development

11.3.6.  Key Management Personnel

11.4.              SAIC Motor Corporation

11.4.1.  Company Details

11.4.2.  Products & Services

11.4.3.  Financial (As Reported)

11.4.4.  Key Market Focus & Geographical Presence

11.4.5.  Recent Development

11.4.6.  Key Management Personnel

11.5.              Mercedes-Benz AG

11.5.1.  Company Details

11.5.2.  Products & Services

11.5.3.  Financial (As Reported)

11.5.4.  Key Market Focus & Geographical Presence

11.5.5.  Recent Development

11.5.6.  Key Management Personnel

11.6.              Hyundai Motor Corporation

11.6.1.  Company Details

11.6.2.  Products & Services

11.6.3.  Financial (As Reported)

11.6.4.  Key Market Focus & Geographical Presence

11.6.5.  Recent Development

11.6.6.  Key Management Personnel

11.7.              BYD Co., Ltd.

11.7.1.  Company Details

11.7.2.  Products & Services

11.7.3.  Financial (As Reported)

11.7.4.  Key Market Focus & Geographical Presence

11.7.5.  Recent Development

11.7.6.  Key Management Personnel

11.8.              Toyota Motor Company

11.8.1.  Company Details

11.8.2.  Products & Services

11.8.3.  Financial (As Reported)

11.8.4.  Key Market Focus & Geographical Presence

11.8.5.  Recent Development

11.8.6.  Key Management Personnel

11.9.              Nissan Motor Company, Ltd

11.9.1.  Company Details

11.9.2.  Products & Services

11.9.3.  Financial (As Reported)

11.9.4.  Key Market Focus & Geographical Presence

11.9.5.  Recent Development

11.9.6.  Key Management Personnel

11.10.            Volkswagen AG

11.10.1.                Company Details

11.10.2.                Products & Services

11.10.3.                Financial (As Reported)

11.10.4.                Key Market Focus & Geographical Presence

11.10.5.                Recent Development

11.10.6.                Key Management Personnel

12.  Strategic Recommendations

12.1.              Key Focus Areas

12.2.              Target Regions & Countries

12.3.              Target Type

12.4.              Target Category

13. About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
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What are the major factors affecting Asia-Pacific Electric Passenger Car market?

Increased vehicle sales to curb carbon emissions, favourable government policies and advanced battery technology are driving the growth of the Asia-Pacific Electric Passenger Car market.

In the Asia-Pacific Electric Passenger Car Market, what is the propulsion type?

In the propulsion type, the market is segmented into Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle and Fuel cell Electric Vehicle.

Who are the top players in the Asia-Pacific Electric Passenger Car market?

The major player contributing Asia-Pacific Electric Passenger Car market are Ford Motor Company, General Motors Inc., Kia Motors Company, SAIC Motor Corporation, Mercedes-Benz AG, Hyundai Motor Corporation, BYD Co., Ltd., Toyota Motor Company, Nissan Motor Company, Ltd, and Volkswagen AG.

What are the factors hindering the growth of the Asia-Pacific Electric Passenger Car market?

Lack of infrastructure and high initial cost are affecting the growth of Asia-Pacific Electric Passenger Car market.

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Press Release

Asia-Pacific Electric Passenger Car Market to Grow Due to Robust Government Initiatives and Low Carbon Emissions

Jan, 2023

Low carbon emissions, low operating cost and favourable government policies is increasing the demand of Asia-Pacific Shared Mobility market.


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