The Asia-Pacific electric passenger car market is expected to experience rapid growth in the upcoming years, according to the 2018-2028F report by TechSci Research. Electric vehicles (EVs) operate on electric motors, which offer better fuel economy, lower carbon emissions, and less engine noise compared to traditional fuel-powered vehicles. The rising carbon footprint and other environmental impacts of fuel-based vehicles have led to increased popularity of EVs in the last decade.
Several factors are contributing to the growth of the Asia-Pacific electric vehicle market, including increased demand for fuel-efficient, high-performance, and low-emission vehicles, stricter laws and regulations on vehicle emissions, decreased battery costs, and rising fuel prices. Governments worldwide are also showing more interest in electric mobility and introducing regulations to phase out fossil-fuel-powered vehicles. Governments are investing in charging infrastructure and providing subsidies and tax breaks to encourage EV adoption.
Suzuki Motor, the parent company of Maruti Suzuki, has announced an investment of INR 10,440 crore in India to develop a new electric car and battery factory in March 2022. BYD has also introduced two new electric vehicle models with advanced battery safety features, the BYD Atto 3 and BYD E6, equipped with new Blade batteries, in India in 2022.
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The Asia-Pacific electric passenger car market can be classified into several segments based on type, propulsion type, battery capacity, and region. Type-wise, the market is divided into three segments: hatchback, sedan, and SUV. Based on propulsion type, the market is categorized into battery electric vehicles, plug-in hybrid vehicles, hybrid electric vehicles, and fuel cell electric vehicles. The segment expected to grow the fastest is fuel cell electric vehicles, driven by the increasing demand for low-carbon vehicles, the growing emphasis on FCEV adoption due to quick recharging benefits, and increased government programs and investments in advancing fuel cell technology.
The market is also segmented based on battery capacity, with three categories: <50kWh, 50-100kWh, and >100kWh. The 50-100kWh sector is anticipated to account for most of the Asia-Pacific electric passenger car market. Key automotive OEMs' increased efforts to produce electric vehicles with sufficient battery capacity to offer a good driving range for the vehicles primarily drive the significant expansion of this market segment.
Some of the major players operating in the Saudi Arabia Shared Mobility Market include:
- 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
- Volkswagen AG
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“Governments are spreading awareness and promoting their policies for the adoption of electric passenger vehicles. Governments are providing subsidies on buying electric passenger cars. Many OEMS and governments are also developing the infrastructure related to the electric vehicle and rolling out new products with advanced technology and better range. The electric passenger car market has the potential to thrive in the coming years due to its ability to reduce carbon emissions and low operating costs." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Asia Pacific Shared Mobility Market, By Battery Type (Lead- Acid, Lithium-Ion), By Application (Construction, Warehouse, Retail & Wholesale Store, Manufacturing), By region, Competition Forecast & Opportunities, 2018- 2028F, has evaluated the future growth potential of Asia-Pacific Shared Mobility Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Asia-Pacific Shared Mobility Market.
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Electric Passenger Car Motor Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Electric Passenger Car Motor industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Electric Passenger Car Motor manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014–2024 global and Chinese Electric Passenger Car Motor market covering all important parameters.The key points of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
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Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Electric Passenger Car Motor Industry before evaluating its feasibility.Key Questions Addressed by the ReportWhat is the growth perspective of the Electric Passenger Car MotorMarket and the key dynamics and trends governing the market?What are key sustainability strategies adopted by the leading players in the Electric Passenger Car MotorMarket?What are the new and emerging technologies and use cases disrupting the Electric Passenger Car Motorindustry?What are the key applications where Electric Passenger Car Motorplays a significant role?Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-electric-passenger-car-motor-2019-2024-202There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Electric Passenger Car Motor as well as some small players.
At least 9 companies are included:ContinentalDensoDelphi AutomotiveHitachi AutomotiveTesla MotorsToyota IndustriesThe information for each competitor includes:Company ProfileMain Business InformationSWOT AnalysisSales, Revenue, Price and Gross MarginMarket ShareFor product type segment, this report listed main product type of Electric Passenger Car Motor market in gloabal and china.DC MotorAC MotorFor end use/application segment, this report focuses on the status and outlook for key applications.
End users sre also listed.PHEVBEVReasons to Purchase this Report:Estimates 2019–2024 Electric Passenger Car Motor market development trends with the recent trends and SWOT analysisMarket dynamics scenario, along with growth opportunities of the market in the years to comeMarket segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.Market value (USD Million) and volume (Units Million) data for each segment and sub-segmentCompetitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five yearsComprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players1-year analyst support, along with the data support in excel format.Any special requirements about this report, please let us know and we can provide custom report.The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, restraints, current trends of the past and present times, supervisory scenario, and technological growth.
