Asia-Pacific electric car market is estimated to grow at a CAGR of more than 23.0% during the forecast period. Supportive government regulations and subsidies by the government to reduce dependency on oil, and to decrease carbon emission are the chief factors for the growth of the electric car market in the region. China is the largest electric car market globally whereas countries such as India and Australia are gaining significant growth in the electric vehicle market which is expected to provide significant growth to the electric car market in the region. However, the recent downfall in electric car sales in China and Japan are some of the restraining factors for the market.

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The market is studied based on vehicle type, propulsion technology, and battery type. On the basis of vehicle type, the market is further classified into hatchback, sedan, and SUV. Moreover, by propulsion technology, the market is sub-segmented into battery-electric cars and plug-in hybrid electric cars. Battery electric cars are expected to have a major market share during the forecast period. On the basis of battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Li-ion batteries cars are projected to cover a major market share in the upcoming period. On the basis of geography, the market is segmented into China, Japan, India, South Korea, and others. China is expected to have a major market share during the forecast period. Moreover, India and the rest of Asia-Pacific are expected to show significant growth rate during the forecast period.

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Asia-Pacific Electric Car Market Segmentation

By Vehicle Type

• Sedan
• Hatchback
• SUV

By Propulsion Technology

• Battery Electric Car
• Plug-in Hybrid Electric Car

By Battery Type

• NiMH
• Li-Ion
• Others

Regional Analysis

• China
• Japan
• India
• South Korea
• Rest of Asia Pacific

Company Profiles

• Audi AG
• BAIC Group
• BMW AG
• BYD Auto Co., Ltd.
• Chang'an Automobile Co., Ltd.
• Chery Automobile Co., Ltd.
• General Motors Co.
• Great Wall Motors Co. Ltd.
• Honda Motor Co., Ltd.
• Hyundai Motor Co.
• Jaguar Land Rover Ltd.
• Kia Motors Corp.
• Maruti Suzuki India Ltd.
• Mitsubishi Motors Corp.
• Nissan Motor Co.
• Renault Group
• SAIC Motor Corp. Ltd.
• Tesla, Inc.
• Toyota Motor Corp.
• Volkswagen AG

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