Home > Automotive > Mobility > Electric Vehicles > Asia Pacific Electric Vehicle (EV) Market

Asia Pacific Electric Vehicle (EV) Market Share

Report ID: GMI6470
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

Asia Pacific EV Market Share

Major companies operating in the Asia Pacific EV market are :

NIO
Xpeng Inc.
Hyundai Motor Company
TOYOTA MOTOR CORPORATION
Tata Motors
Daimler Group
Tesla
Geely Automobile Holdings Limited
BYD Company Ltd.
Changan Automobile Company Limited.
SAIC Motor Corporation Limited
Kia Corporation
Niu International
Gogoro
Evoke Electric Motorcycles (HK) Ltd.
Vmoto Limited
Horwin
Terra Motors
Brompton Bicycle Ltd, Tern
Giant Bicycles
MERIDA BIKES
Yamaha Motor
FOCUS BIKES GMBH
Polygon Bikes.

These companies are emphasizing strategic partnerships, launching new products, and making significant investments in research to drive market expansion. Their primary goal is to introduce innovative products and generate substantial market revenue through effective commercialization efforts.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Asia Pacific EV market size was valued at USD 222.7 billion in 2022 and is set to expand at a CAGR of 32.5% between 2023 and 2032, driven by government initiatives and policies to reduce GHG emissions and dependence on fossil fuels.

The passenger vehicle type segment accounted for a market share of 84.6% in 2022, owing to rapid urbanization, along with shifting interest in EVs as a solution to mitigate traffic congestion and improve air quality.

China market generated USD 184.8 billion in revenue in 2022, due to favorable regulations mandating EV quotas and provision of license plate privileges.

Kia Corporation, Niu International, Gogoro, Evoke Electric Motorcycles (HK) Ltd., Vmoto Limited, Horwin, Terra Motors, Brompton Bicycle Ltd, Tern, Giant Bicycles, MERIDA BIKES, Yamaha Motor, FOCUS BIKES GMBH, and Polygon Bikes.