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Asia-Pacific Electric Car Market

Release date:

Jan-2022

Region:

asiapacific

Research Code:MRAUTO -104524

Sku:MRAUTO -104524

Asia-Pacific Electric Car Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output (Less Than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and Geography - Forecast to 2028

  • Report ID: MRAUTO -104524
  • Pages: 105
  • Jan-2022
  • Formats*: PDF
  • Category: Automotive Industry
  • Delivery: 2 to 4 Hours
COVID-19

This report provides pre & post COVID-19 market estimates.

The Asia-Pacific Electric Car Market is expected to reach a value of $761.97 billion by 2028, at a CAGR of 34.6 % during the forecast period 2021-2028. By volume, this market is expected to grow at a CAGR of 40.4% from 2021 to reach 53.8 million units by 2028. Supportive government policies and regulations, increasing investments by leading automotive OEMs, and decreasing battery prices are the key factors driving the growth of the Asia-Pacific electric cars market. Increasing adoption of electric mobility in emerging economies and increasing EV and battery manufacturing capabilities in Southeast Asia provides significant growth opportunities for market players in the coming years.     

The Impact of COVID-19 on the Asia-Pacific Electric Car Market

The Asia-Pacific electric cars market was moderately affected due to the quick recovery of automotive manufacturing industries in China. The developing countries witnessed a sharp decline in their economy due to low consumer demands and increased prices for essential commodities. The adoption of electric cars has also decreased significantly. The high cost of electric cars also remained a restraining factor for the growth of the electric cars market in these countries. However, stringent government regulations in phasing out ICE vehicles till 2030 are expected to support the market's growth during the forecast period.

In Thailand, the government has introduced an EV roadmap to produce about 250,000 electric cars and establish itself as an Asian EV hub by 2025. Moreover, the tax incentives provided by the government on purchasing electric cars are poised to increase the adoption rate in a couple of years, thus supporting the market growth during the forecast period.

Increasing EV and battery manufacturing capabilities in Southeast Asia to Drive the Growth of this Market in the Coming Years

The supply chain diversification trend is the major driver for the Southeast Asian automotive industry. In this region, Thailand is one of the largest automotive manufacturers due to its well-established automotive manufacturing know-how, policy package, and strategic location that makes a perfect diversification option for the automotive industry, including the strategic EV manufacturing sector. In 2020, the Southeast Asian automotive industry was badly hit by coronavirus pandemic, it aimed to seize the opportunity of the rising EV manufacturing sector, but investments by foreign investors have strengthened the EV market of this region. As of 2020, the Board of Investment of Thailand (BOI) has approved 24 projects by the automotive industry to produce several types of electric vehicles in the country with a capacity of over 500,000 units annually. Further, in 2020, according to the Thai government, the BOI aimed to encourage EV production that will account for 30% of the total Thai automotive production by 2030. Thus, increasing government initiatives are expected to overcome this challenge in the coming years.

Asia-Pacific Electric Car Market

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Key Findings in the Asia-Pacific Electric Car Market Study:

The fuel cell electric vehicles segment is projected to grow at a significant pace during the forecast period  

Based on propulsion type, the hybrid vehicles segment is estimated to account for the largest share of the Asia-Pacific electric cars market in 2021. However, the fuel cell electric vehicles segment is projected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to fast refueling, zero tailpipe emissions, smaller battery pack, various government initiatives for setting up hydrogen fuel cell charging stations, and increasing investments by leading automotive OEMs in the research and development of hydrogen fuel cell technology.

The 100kW to 250 kW segment is projected to grow at a significant pace during the forecast period

 Based on power output, the less than 100 kW segment is estimated to account for the largest share of the Asia-Pacific electric cars market in 2021. However, the 100 kW to 250 kW segment is projected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing initiatives by leading automotive OEMs to introduce electric cars, increasing regulations and laws to reduce tailpipe emissions and rising adoption of electric cars in developed economies.  

The commercial use segment is projected to grow at a significant pace during the forecast period

Based on end use, the private use segment is estimated to account for the largest share of the Asia-Pacific electric cars market in 2021. However, the commercial use segment is projected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing use of electric cars in shared mobility services and corporate taxi fleets, increasing regulations to reduce fleet emissions, and encouragement by global and state-level regulatory bodies to deploy policies promoting the adoption of electric cars for mobility services.

India to be the fastest-growing market by value and by volume, Singapore to be the fastest-growing market

 However, India is estimated to account for the fastest growth during the forecast period. The factors attributed to the high growth of this country are growing investments by the leading automobile companies in the electric mobility ecosystem, the increasing number of start-ups operating in the electric mobility and associated technologies industry, and the growing need of government to reduce the pollution caused by combustion engine vehicles. India is considered one of the fastest-growing consumer markets in the world. The Indian government has also introduced fiscal incentives such as reduction of customs duty on import of EV components to 10-15%, reduction of GST on EV reduced to 5% from 12%, lowest RTO tax for EVs, and elimination of the requirement of a license to operate EV charging stations. Moreover, leading automotive OEMs are increasingly investing in the development of electric vehicle technology in India. For instance, Mahindra and Mahindra Ltd. has plans to invest USD 400 million (INFR 3,000 Crore) in developing an EV platform over the next three years. Such initiatives are expected to support the growth of the electric cars market in India during the forecast period.     

By Volume, Singapore is projected to grow at the highest CAGR during the forecast period. Major factors attributed to the high growth of this country are the investment by major automotive OEMs and various government initiatives to boost the demand for electric cars. Major automotive OEMs worldwide have started investing in Singapore for the manufacturing of electric cars. For instance, in 2020, Hyundai Motor Company invested USD 295 million to construct a research and development center in Singapore to house a small-scale electric vehicle production facility. The facility may produce up to 30,000 electric vehicles (EVs) annually by 2025. These developments are expected to support the growth of the electric cars market in Singapore during the forecast period.

Key Players

 The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the Asia-Pacific electric cars market over the last four years. The key players profiled in the Asia-Pacific electric cars market are Hyundai Motor Company (South Korea‎), Honda Motor Co., Ltd. (Japan), Toyota Motor Corporation (Japan), Tata Motors Limited (India), Mahindra and Mahindra Ltd. (India), NIO Inc. (China), XPeng Inc. (China), Geely Automobile Holdings Limited (China), Nissan Motor Co., Ltd. (Japan), and Mitsubishi Motor Corporation (Japan).

Scope of the Report

APAC Electric Car Market, by Propulsion Type

  • Hybrid Vehicles
    • Pure Hybrid Vehicles
    • Plug-in Hybrid Vehicles
  • Battery Electric Vehicles
  • Fuel Cell Electric Vehicles

APAC Electric Car Market, by Power Output

  • Less Than 100 kW
  • 100 kW to 250 kW

APAC Electric Car Market, by End-Use

  • Private Use
  • Commercial Use

APAC Electric Car Market, by Geography

  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Singapore
    • Thailand
    • Philippines
    • Malaysia
    • Australia
    • New Zealand
    • Taiwan
    • Rest of Asia-Pacific

Key Questions Answered in the Report:

What is the focus of the Asia-Pacific electric cars market?

The Asia-Pacific electric cars market report covers the market size & forecasts for electric cars by propulsion type, power output, end use, and geography. The Asia-Pacific electric cars market study in this report involves the value analysis of various segments and subsegments of the Asia-Pacific electric cars market at country levels. Volume analysis of electric cars is done at the country level only.

What is the value of revenue generated from electric cars across the Asia-Pacific? At what rate is the demand expected to grow for the next 5-7 years?

The Asia-Pacific electric cars market is projected to reach a value of $ 761.97 billion by 2028, at a CAGR of 34.6 % during the forecast period.

Which propulsion type category held the major share of the market in 2021?

Based on the propulsion type, the hybrid vehicles segment is expected to account for the largest share of the Asia-Pacific electric cars market in 2021.

Which is the high-growth end use segment of the Asia-Pacific electric cars market?

Based on end use, the private use segment is expected to account for the largest share of the Asia-Pacific electric cars market in 2021. However, the commercial use segment is expected to witness significant growth during the forecast period. The rapid growth of this segment is mainly attributed to the increasing use of electric cars in shared mobility services and corporate taxi fleets.

What are the key factors supporting the growth of this market? What are the major opportunities for existing market players and new entrants in the Asia-Pacific electric cars market?

Supportive government policies and regulations, increasing investments by leading automotive OEMs, and decreasing battery prices are supporting the growth of this market. However, increasing adoption of electric mobility in emerging economies and increasing EV and battery manufacturing capabilities in Southeast Asia is expected to create lucrative opportunities for players operating in this market.

Who are the major players operating in the Asia-Pacific electric cars market?

The key players operating in the APAC electric cars market are Hyundai Motor, Honda, Toyota, Tata Motors, Mahindra and Mahindra, Nio Inc, XPeng Inc), Geely Automobile Holdings, Nissan Motor, and Mitsubishi Motor.

Which countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?

India is expected to offer significant growth opportunities for the vendors in this market due to increasing consumer interest in purchasing electric cars to benefit from the taxes exemptions on the vehicles and increasing adoption of electric cars in developing economies.

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.   Drivers
                           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.   Restraints
                           5.2.2.1. Lack of Charging Infrastructure in Developing Countries    
                5.2.3.   Opportunities
                           5.2.3.1. Increasing Adoption of Electric Mobility    
                           5.2.3.2. Increasing EV and Battery Manufacturing Capabilities in Southeast Asia    
                5.2.4.   Challenges
                           5.2.4.1. High Cost of Electric Vehicles    
                           5.2.4.2. Range Limitation of EVs    
                5.2.5.    Value Chain Analysis

6.    Asia-Pacific Electric Cars Market, By Propulsion Type
      6.1.    Introduction
      6.2.    Hybrid Electric Vehicles
                6.2.1.    Pure Hybrid Electric Vehicles
                6.2.2.    Plug-In Hybrid Electric Vehicles
      6.3.    Battery Electric Vehicles
      6.4.    Fuel Cell Electric Vehicles

7.    Asia-Pacific Electric Cars Market, By Power Output
      7.1.    Introduction
      7.2.    Less Than 100kW
      7.3.    100kW to 250kW

8.    Asia-Pacific Electric Cars Market, By End Use
      8.1.    Introduction
      8.2.    Private Use
      8.3.    Commercial Use

9.    Asia-Pacific Electric Cars Market, By Geography
      9.1.    Introduction
                9.1.1.    China
                9.1.2.    Japan
                9.1.3.    South Korea
                9.1.4.    India
                9.1.5.    Australia
                9.1.6.    New Zealand
                9.1.7.    Singapore
                9.1.8.    Thailand
                9.1.9.    Taiwan
                9.1.10.     Philippines    
                9.1.11.     Malaysia    

10.    Competitive Landscape
         10.1.    Introduction
         10.2.    Key Growth Strategies
         10.3.    Key Players in the Asia-Pacific Electric Cars Market
                    10.3.1. Hyundai Motor Company    
                    10.3.2. Toyota Motor Corporation    
                    10.3.3. Geely Automobile Holdings Limited    

11.    Company Profiles
         11.1.    Hyundai Motor Company
         11.2.    Toyota Motor Corporation
         11.3.    Geely Automobile Holdings Limited
         11.4.    Honda Motor Co., Ltd.
         11.5.    Nissan Motor Corporation
         11.6.    Tata Motors Ltd.
         11.7.    Mahindra & Mahindra Limited
         11.8.    NIO Inc.
         11.9.    XPeng Inc.         
         11.10.    Mitsubishi Motors Corporation

12.    Appendix
         12.1.    Questionnaire

List of Table   

Table 1        Market Size and CAGR (USD Million)
Table 2        Asia-Pacific Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 3        Asia-Pacific Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 4        Asia-Pacific Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 5        Asia-Pacific Pure Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 6        Asia-Pacific Plug-In Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 7        Asia-Pacific Battery Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 8        Asia-Pacific Fuel Cell Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 9        Asia-Pacific Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 10        Asia-Pacific Less Than 100kW Electric Cars Market Size, by Country, 2019–2028 (USD Million)
Table 11        Asia-Pacific 100kW to 250kW Electric Cars Market Size, by Country, 2019–2028 (USD Million)
Table 12        Asia-Pacific Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 13        Asia-Pacific Electric Cars Market Size for Private Use, by Country, 2019–2028 (USD Million)
Table 14       Asia-Pacific Electric Cars Market Size for Commercial Use, by Country, 2019–2028 (USD Million)
Table 15        Asia-Pacific Electric Cars Market Size, by Country, 2019-2028 (USD Million)
Table 16        Asia-Pacific Electric Cars Market Volume, by Country/Region, 2019–2028 (Thousand Unit)
Table 17        China: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 18        China: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 19        China: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 20        China: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 21        Japan: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 22        Japan: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 23        Japan: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 24        Japan: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 25        South Korea: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 26        South Korea: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 27        South Korea: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 28        South Korea: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 29        India: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 30        India: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 31        India: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 32        India: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 33        Australia: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 34        Australia: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 35        Australia: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 36        Australia: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 37        New Zealand: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 38        New Zealand: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 39        New Zealand: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 40        New Zealand: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 41        Singapore: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 42        Singapore: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 43        Singapore: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 44        Singapore: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 45        Thailand: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 46        Thailand: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 47        Thailand: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 48        Thailand: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 49        Taiwan: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 50        Taiwan: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 51        Taiwan: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 52        Taiwan: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 53        Philippines: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 54        Philippines: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 55        Philippines: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 56        Philippines: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 57        Malaysia: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 58        Malaysia: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 59        Malaysia: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 60        Malaysia: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 61        Electric Cars Market: Recent Developments in Asia-Pacific Region, by Company, 2018–2021

List of figure

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 Cars Market, by Propulsion Type, 2028, (USD Million)
Figure 9        Asia-Pacific Electric Cars Market, by Power Output, 2021 Vs. 2028, (USD Million)
Figure 10    Asia-Pacific Electric Cars Market, by End Use, 2021 Vs. 2028, (USD Million)
Figure 11    Geographic Snapshot: Asia-Pacific Electric Cars Market, (Value Share & CAGR)
Figure 12    Geographic Snapshot: Asia-Pacific Electric Cars Market, (Volume Share & CAGR)
Figure 13    The Impact of COVID-19 on the Asia-Pacific Electric Cars Market
Figure 14    Electric Cars Value Chain
Figure 15    Asia-Pacific Electric Cars Market Size, by Propulsion Type, 2021 Vs. 2028 (USD Million)
Figure 16    Asia-Pacific Electric Cars Market Size, by Power Output, 2021 Vs. 2028 (USD Million)
Figure 17    Asia-Pacific Electric Cars Market Size, by End Use, 2021 Vs. 2028 (USD Million)
Figure 18    Asia-Pacific Electric Cars Market Size, by Country, 2021–2028 (USD Million)
Figure 19    Asia-Pacific Electric Cars Market Volume, by Country, 2021 Vs. 2028 (Thousand Unit)
Figure 20    Key Growth Strategies Adopted by Leading Players, 2018–2021
Figure 21    Hyundai Motor Company: Financial Overview, 2020
Figure 22    Toyota Motor Corporation: Financial Overview, 2020
Figure 23    Geely Automobile Holdings Limited: Financial Overview, 2020
Figure 24    Honda Motor Co., Ltd.: Financial Overview, 2020
Figure 25    Nissan Motor Corporation: Financial Overview, 2020
Figure 26    Tata Motors Ltd.: Financial Overview, 2020
Figure 27    Mahindra & Mahindra Limited: Financial Overview, 2020
Figure 28    NIO Inc.: Financial Overview, 2020
Figure 29    Xpeng Inc.: Financial Overview, 2020
Figure 30    Mitsubishi Motor Corporation: Financial Overview, 2020

 
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Related Research

The Asia-Pacific Electric Car Market is expected to reach a value of $761.97 billion by 2028, at a CAGR of 34.6 % during the forecast period 2021-2028. By volume, this market is expected to grow at a CAGR of 40.4% from 2021 to reach 53.8 million units by 2028. Supportive government policies and regulations, increasing investments by leading automotive OEMs, and decreasing battery prices are the key factors driving the growth of the Asia-Pacific electric cars market. Increasing adoption of electric mobility in emerging economies and increasing EV and battery manufacturing capabilities in Southeast Asia provides significant growth opportunities for market players in the coming years.     

The Impact of COVID-19 on the Asia-Pacific Electric Car Market

The Asia-Pacific electric cars market was moderately affected due to the quick recovery of automotive manufacturing industries in China. The developing countries witnessed a sharp decline in their economy due to low consumer demands and increased prices for essential commodities. The adoption of electric cars has also decreased significantly. The high cost of electric cars also remained a restraining factor for the growth of the electric cars market in these countries. However, stringent government regulations in phasing out ICE vehicles till 2030 are expected to support the market's growth during the forecast period.

In Thailand, the government has introduced an EV roadmap to produce about 250,000 electric cars and establish itself as an Asian EV hub by 2025. Moreover, the tax incentives provided by the government on purchasing electric cars are poised to increase the adoption rate in a couple of years, thus supporting the market growth during the forecast period.

Increasing EV and battery manufacturing capabilities in Southeast Asia to Drive the Growth of this Market in the Coming Years

The supply chain diversification trend is the major driver for the Southeast Asian automotive industry. In this region, Thailand is one of the largest automotive manufacturers due to its well-established automotive manufacturing know-how, policy package, and strategic location that makes a perfect diversification option for the automotive industry, including the strategic EV manufacturing sector. In 2020, the Southeast Asian automotive industry was badly hit by coronavirus pandemic, it aimed to seize the opportunity of the rising EV manufacturing sector, but investments by foreign investors have strengthened the EV market of this region. As of 2020, the Board of Investment of Thailand (BOI) has approved 24 projects by the automotive industry to produce several types of electric vehicles in the country with a capacity of over 500,000 units annually. Further, in 2020, according to the Thai government, the BOI aimed to encourage EV production that will account for 30% of the total Thai automotive production by 2030. Thus, increasing government initiatives are expected to overcome this challenge in the coming years.

Asia-Pacific Electric Car Market

                                                                      Click here to: Get Free Sample Pages of this Report 

Key Findings in the Asia-Pacific Electric Car Market Study:

The fuel cell electric vehicles segment is projected to grow at a significant pace during the forecast period  

Based on propulsion type, the hybrid vehicles segment is estimated to account for the largest share of the Asia-Pacific electric cars market in 2021. However, the fuel cell electric vehicles segment is projected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to fast refueling, zero tailpipe emissions, smaller battery pack, various government initiatives for setting up hydrogen fuel cell charging stations, and increasing investments by leading automotive OEMs in the research and development of hydrogen fuel cell technology.

The 100kW to 250 kW segment is projected to grow at a significant pace during the forecast period

 Based on power output, the less than 100 kW segment is estimated to account for the largest share of the Asia-Pacific electric cars market in 2021. However, the 100 kW to 250 kW segment is projected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing initiatives by leading automotive OEMs to introduce electric cars, increasing regulations and laws to reduce tailpipe emissions and rising adoption of electric cars in developed economies.  

The commercial use segment is projected to grow at a significant pace during the forecast period

Based on end use, the private use segment is estimated to account for the largest share of the Asia-Pacific electric cars market in 2021. However, the commercial use segment is projected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing use of electric cars in shared mobility services and corporate taxi fleets, increasing regulations to reduce fleet emissions, and encouragement by global and state-level regulatory bodies to deploy policies promoting the adoption of electric cars for mobility services.

India to be the fastest-growing market by value and by volume, Singapore to be the fastest-growing market

 However, India is estimated to account for the fastest growth during the forecast period. The factors attributed to the high growth of this country are growing investments by the leading automobile companies in the electric mobility ecosystem, the increasing number of start-ups operating in the electric mobility and associated technologies industry, and the growing need of government to reduce the pollution caused by combustion engine vehicles. India is considered one of the fastest-growing consumer markets in the world. The Indian government has also introduced fiscal incentives such as reduction of customs duty on import of EV components to 10-15%, reduction of GST on EV reduced to 5% from 12%, lowest RTO tax for EVs, and elimination of the requirement of a license to operate EV charging stations. Moreover, leading automotive OEMs are increasingly investing in the development of electric vehicle technology in India. For instance, Mahindra and Mahindra Ltd. has plans to invest USD 400 million (INFR 3,000 Crore) in developing an EV platform over the next three years. Such initiatives are expected to support the growth of the electric cars market in India during the forecast period.     

By Volume, Singapore is projected to grow at the highest CAGR during the forecast period. Major factors attributed to the high growth of this country are the investment by major automotive OEMs and various government initiatives to boost the demand for electric cars. Major automotive OEMs worldwide have started investing in Singapore for the manufacturing of electric cars. For instance, in 2020, Hyundai Motor Company invested USD 295 million to construct a research and development center in Singapore to house a small-scale electric vehicle production facility. The facility may produce up to 30,000 electric vehicles (EVs) annually by 2025. These developments are expected to support the growth of the electric cars market in Singapore during the forecast period.

Key Players

 The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the Asia-Pacific electric cars market over the last four years. The key players profiled in the Asia-Pacific electric cars market are Hyundai Motor Company (South Korea‎), Honda Motor Co., Ltd. (Japan), Toyota Motor Corporation (Japan), Tata Motors Limited (India), Mahindra and Mahindra Ltd. (India), NIO Inc. (China), XPeng Inc. (China), Geely Automobile Holdings Limited (China), Nissan Motor Co., Ltd. (Japan), and Mitsubishi Motor Corporation (Japan).

Scope of the Report

APAC Electric Car Market, by Propulsion Type

  • Hybrid Vehicles
    • Pure Hybrid Vehicles
    • Plug-in Hybrid Vehicles
  • Battery Electric Vehicles
  • Fuel Cell Electric Vehicles

APAC Electric Car Market, by Power Output

  • Less Than 100 kW
  • 100 kW to 250 kW

APAC Electric Car Market, by End-Use

  • Private Use
  • Commercial Use

APAC Electric Car Market, by Geography

  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Singapore
    • Thailand
    • Philippines
    • Malaysia
    • Australia
    • New Zealand
    • Taiwan
    • Rest of Asia-Pacific

Key Questions Answered in the Report:

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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.   Drivers
                           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.   Restraints
                           5.2.2.1. Lack of Charging Infrastructure in Developing Countries    
                5.2.3.   Opportunities
                           5.2.3.1. Increasing Adoption of Electric Mobility    
                           5.2.3.2. Increasing EV and Battery Manufacturing Capabilities in Southeast Asia    
                5.2.4.   Challenges
                           5.2.4.1. High Cost of Electric Vehicles    
                           5.2.4.2. Range Limitation of EVs    
                5.2.5.    Value Chain Analysis

6.    Asia-Pacific Electric Cars Market, By Propulsion Type
      6.1.    Introduction
      6.2.    Hybrid Electric Vehicles
                6.2.1.    Pure Hybrid Electric Vehicles
                6.2.2.    Plug-In Hybrid Electric Vehicles
      6.3.    Battery Electric Vehicles
      6.4.    Fuel Cell Electric Vehicles

7.    Asia-Pacific Electric Cars Market, By Power Output
      7.1.    Introduction
      7.2.    Less Than 100kW
      7.3.    100kW to 250kW

8.    Asia-Pacific Electric Cars Market, By End Use
      8.1.    Introduction
      8.2.    Private Use
      8.3.    Commercial Use

9.    Asia-Pacific Electric Cars Market, By Geography
      9.1.    Introduction
                9.1.1.    China
                9.1.2.    Japan
                9.1.3.    South Korea
                9.1.4.    India
                9.1.5.    Australia
                9.1.6.    New Zealand
                9.1.7.    Singapore
                9.1.8.    Thailand
                9.1.9.    Taiwan
                9.1.10.     Philippines    
                9.1.11.     Malaysia    

10.    Competitive Landscape
         10.1.    Introduction
         10.2.    Key Growth Strategies
         10.3.    Key Players in the Asia-Pacific Electric Cars Market
                    10.3.1. Hyundai Motor Company    
                    10.3.2. Toyota Motor Corporation    
                    10.3.3. Geely Automobile Holdings Limited    

11.    Company Profiles
         11.1.    Hyundai Motor Company
         11.2.    Toyota Motor Corporation
         11.3.    Geely Automobile Holdings Limited
         11.4.    Honda Motor Co., Ltd.
         11.5.    Nissan Motor Corporation
         11.6.    Tata Motors Ltd.
         11.7.    Mahindra & Mahindra Limited
         11.8.    NIO Inc.
         11.9.    XPeng Inc.         
         11.10.    Mitsubishi Motors Corporation

12.    Appendix
         12.1.    Questionnaire

List of Table   

Table 1        Market Size and CAGR (USD Million)
Table 2        Asia-Pacific Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 3        Asia-Pacific Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 4        Asia-Pacific Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 5        Asia-Pacific Pure Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 6        Asia-Pacific Plug-In Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 7        Asia-Pacific Battery Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 8        Asia-Pacific Fuel Cell Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 9        Asia-Pacific Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 10        Asia-Pacific Less Than 100kW Electric Cars Market Size, by Country, 2019–2028 (USD Million)
Table 11        Asia-Pacific 100kW to 250kW Electric Cars Market Size, by Country, 2019–2028 (USD Million)
Table 12        Asia-Pacific Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 13        Asia-Pacific Electric Cars Market Size for Private Use, by Country, 2019–2028 (USD Million)
Table 14       Asia-Pacific Electric Cars Market Size for Commercial Use, by Country, 2019–2028 (USD Million)
Table 15        Asia-Pacific Electric Cars Market Size, by Country, 2019-2028 (USD Million)
Table 16        Asia-Pacific Electric Cars Market Volume, by Country/Region, 2019–2028 (Thousand Unit)
Table 17        China: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 18        China: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 19        China: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 20        China: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 21        Japan: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 22        Japan: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 23        Japan: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 24        Japan: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 25        South Korea: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 26        South Korea: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 27        South Korea: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 28        South Korea: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 29        India: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 30        India: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 31        India: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 32        India: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 33        Australia: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 34        Australia: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 35        Australia: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 36        Australia: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 37        New Zealand: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 38        New Zealand: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 39        New Zealand: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 40        New Zealand: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 41        Singapore: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 42        Singapore: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 43        Singapore: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 44        Singapore: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 45        Thailand: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 46        Thailand: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 47        Thailand: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 48        Thailand: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 49        Taiwan: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 50        Taiwan: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 51        Taiwan: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 52        Taiwan: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 53        Philippines: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 54        Philippines: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 55        Philippines: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 56        Philippines: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 57        Malaysia: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 58        Malaysia: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 59        Malaysia: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 60        Malaysia: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 61        Electric Cars Market: Recent Developments in Asia-Pacific Region, by Company, 2018–2021

List of figure

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 Cars Market, by Propulsion Type, 2028, (USD Million)
Figure 9        Asia-Pacific Electric Cars Market, by Power Output, 2021 Vs. 2028, (USD Million)
Figure 10    Asia-Pacific Electric Cars Market, by End Use, 2021 Vs. 2028, (USD Million)
Figure 11    Geographic Snapshot: Asia-Pacific Electric Cars Market, (Value Share & CAGR)
Figure 12    Geographic Snapshot: Asia-Pacific Electric Cars Market, (Volume Share & CAGR)
Figure 13    The Impact of COVID-19 on the Asia-Pacific Electric Cars Market
Figure 14    Electric Cars Value Chain
Figure 15    Asia-Pacific Electric Cars Market Size, by Propulsion Type, 2021 Vs. 2028 (USD Million)
Figure 16    Asia-Pacific Electric Cars Market Size, by Power Output, 2021 Vs. 2028 (USD Million)
Figure 17    Asia-Pacific Electric Cars Market Size, by End Use, 2021 Vs. 2028 (USD Million)
Figure 18    Asia-Pacific Electric Cars Market Size, by Country, 2021–2028 (USD Million)
Figure 19    Asia-Pacific Electric Cars Market Volume, by Country, 2021 Vs. 2028 (Thousand Unit)
Figure 20    Key Growth Strategies Adopted by Leading Players, 2018–2021
Figure 21    Hyundai Motor Company: Financial Overview, 2020
Figure 22    Toyota Motor Corporation: Financial Overview, 2020
Figure 23    Geely Automobile Holdings Limited: Financial Overview, 2020
Figure 24    Honda Motor Co., Ltd.: Financial Overview, 2020
Figure 25    Nissan Motor Corporation: Financial Overview, 2020
Figure 26    Tata Motors Ltd.: Financial Overview, 2020
Figure 27    Mahindra & Mahindra Limited: Financial Overview, 2020
Figure 28    NIO Inc.: Financial Overview, 2020
Figure 29    Xpeng Inc.: Financial Overview, 2020
Figure 30    Mitsubishi Motor Corporation: Financial Overview, 2020

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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.   Drivers
                           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.   Restraints
                           5.2.2.1. Lack of Charging Infrastructure in Developing Countries    
                5.2.3.   Opportunities
                           5.2.3.1. Increasing Adoption of Electric Mobility    
                           5.2.3.2. Increasing EV and Battery Manufacturing Capabilities in Southeast Asia    
                5.2.4.   Challenges
                           5.2.4.1. High Cost of Electric Vehicles    
                           5.2.4.2. Range Limitation of EVs    
                5.2.5.    Value Chain Analysis

6.    Asia-Pacific Electric Cars Market, By Propulsion Type
      6.1.    Introduction
      6.2.    Hybrid Electric Vehicles
                6.2.1.    Pure Hybrid Electric Vehicles
                6.2.2.    Plug-In Hybrid Electric Vehicles
      6.3.    Battery Electric Vehicles
      6.4.    Fuel Cell Electric Vehicles

7.    Asia-Pacific Electric Cars Market, By Power Output
      7.1.    Introduction
      7.2.    Less Than 100kW
      7.3.    100kW to 250kW

8.    Asia-Pacific Electric Cars Market, By End Use
      8.1.    Introduction
      8.2.    Private Use
      8.3.    Commercial Use

9.    Asia-Pacific Electric Cars Market, By Geography
      9.1.    Introduction
                9.1.1.    China
                9.1.2.    Japan
                9.1.3.    South Korea
                9.1.4.    India
                9.1.5.    Australia
                9.1.6.    New Zealand
                9.1.7.    Singapore
                9.1.8.    Thailand
                9.1.9.    Taiwan
                9.1.10.     Philippines    
                9.1.11.     Malaysia    

10.    Competitive Landscape
         10.1.    Introduction
         10.2.    Key Growth Strategies
         10.3.    Key Players in the Asia-Pacific Electric Cars Market
                    10.3.1. Hyundai Motor Company    
                    10.3.2. Toyota Motor Corporation    
                    10.3.3. Geely Automobile Holdings Limited    

11.    Company Profiles
         11.1.    Hyundai Motor Company
         11.2.    Toyota Motor Corporation
         11.3.    Geely Automobile Holdings Limited
         11.4.    Honda Motor Co., Ltd.
         11.5.    Nissan Motor Corporation
         11.6.    Tata Motors Ltd.
         11.7.    Mahindra & Mahindra Limited
         11.8.    NIO Inc.
         11.9.    XPeng Inc.         
         11.10.    Mitsubishi Motors Corporation

12.    Appendix
         12.1.    Questionnaire

List of Table   

Table 1        Market Size and CAGR (USD Million)
Table 2        Asia-Pacific Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 3        Asia-Pacific Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 4        Asia-Pacific Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 5        Asia-Pacific Pure Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 6        Asia-Pacific Plug-In Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 7        Asia-Pacific Battery Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 8        Asia-Pacific Fuel Cell Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 9        Asia-Pacific Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 10        Asia-Pacific Less Than 100kW Electric Cars Market Size, by Country, 2019–2028 (USD Million)
Table 11        Asia-Pacific 100kW to 250kW Electric Cars Market Size, by Country, 2019–2028 (USD Million)
Table 12        Asia-Pacific Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 13        Asia-Pacific Electric Cars Market Size for Private Use, by Country, 2019–2028 (USD Million)
Table 14       Asia-Pacific Electric Cars Market Size for Commercial Use, by Country, 2019–2028 (USD Million)
Table 15        Asia-Pacific Electric Cars Market Size, by Country, 2019-2028 (USD Million)
Table 16        Asia-Pacific Electric Cars Market Volume, by Country/Region, 2019–2028 (Thousand Unit)
Table 17        China: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 18        China: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 19        China: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 20        China: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 21        Japan: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 22        Japan: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 23        Japan: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 24        Japan: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 25        South Korea: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 26        South Korea: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 27        South Korea: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 28        South Korea: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 29        India: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 30        India: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 31        India: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 32        India: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 33        Australia: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 34        Australia: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 35        Australia: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 36        Australia: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 37        New Zealand: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 38        New Zealand: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 39        New Zealand: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 40        New Zealand: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 41        Singapore: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 42        Singapore: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 43        Singapore: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 44        Singapore: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 45        Thailand: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 46        Thailand: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 47        Thailand: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 48        Thailand: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 49        Taiwan: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 50        Taiwan: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 51        Taiwan: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 52        Taiwan: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 53        Philippines: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 54        Philippines: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 55        Philippines: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 56        Philippines: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 57        Malaysia: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 58        Malaysia: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 59        Malaysia: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 60        Malaysia: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 61        Electric Cars Market: Recent Developments in Asia-Pacific Region, by Company, 2018–2021

List of figure

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 Cars Market, by Propulsion Type, 2028, (USD Million)
Figure 9        Asia-Pacific Electric Cars Market, by Power Output, 2021 Vs. 2028, (USD Million)
Figure 10    Asia-Pacific Electric Cars Market, by End Use, 2021 Vs. 2028, (USD Million)
Figure 11    Geographic Snapshot: Asia-Pacific Electric Cars Market, (Value Share & CAGR)
Figure 12    Geographic Snapshot: Asia-Pacific Electric Cars Market, (Volume Share & CAGR)
Figure 13    The Impact of COVID-19 on the Asia-Pacific Electric Cars Market
Figure 14    Electric Cars Value Chain
Figure 15    Asia-Pacific Electric Cars Market Size, by Propulsion Type, 2021 Vs. 2028 (USD Million)
Figure 16    Asia-Pacific Electric Cars Market Size, by Power Output, 2021 Vs. 2028 (USD Million)
Figure 17    Asia-Pacific Electric Cars Market Size, by End Use, 2021 Vs. 2028 (USD Million)
Figure 18    Asia-Pacific Electric Cars Market Size, by Country, 2021–2028 (USD Million)
Figure 19    Asia-Pacific Electric Cars Market Volume, by Country, 2021 Vs. 2028 (Thousand Unit)
Figure 20    Key Growth Strategies Adopted by Leading Players, 2018–2021
Figure 21    Hyundai Motor Company: Financial Overview, 2020
Figure 22    Toyota Motor Corporation: Financial Overview, 2020
Figure 23    Geely Automobile Holdings Limited: Financial Overview, 2020
Figure 24    Honda Motor Co., Ltd.: Financial Overview, 2020
Figure 25    Nissan Motor Corporation: Financial Overview, 2020
Figure 26    Tata Motors Ltd.: Financial Overview, 2020
Figure 27    Mahindra & Mahindra Limited: Financial Overview, 2020
Figure 28    NIO Inc.: Financial Overview, 2020
Figure 29    Xpeng Inc.: Financial Overview, 2020
Figure 30    Mitsubishi Motor Corporation: Financial Overview, 2020

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