India to Witness Tremendous Growth in the Asia-Pacific Electric Vehicle Market

Published: Feb 2021

Asia-Pacific Electric Vehicle market is estimated to grow at a CAGR of over 21.0% during the forecast period (2019-2025). China, Japan, India, and South Korea are the major countries contributing significantly to the regional growth of the market. India is a very potential region in terms of EV industry growth. Tesla has already announced to enter the Indian electric vehicle industry. 

In addition to this, around 26 upcoming electric cars Taycan, e-Tron, I-Pace, eKUV100, Model 3 will be launched in India in 2021-2023. Among these 26 upcoming cars, there are 2 luxury, 12 SUVs, 5 Sedans, 1 Hybrid, 10 Hatchbacks, and 1 Convertible. These expected launches of electric cars represent ample opportunity, which in turn will drive the Asia-Pacific electric vehicle industry in the near future.

Browse the full report description of "Asia-Pacific Electric Vehicle Market Size, Share & Trends Analysis Report By Vehicle Type (Commercial Vehicle, Passenger Cars, Two-Wheeler) by Propulsion Technology (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle) by Battery Type (NiMH, Li-ion, Other), and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/asia-pacific-electric-vehicle-market

Upcoming Electric Cars in India in 2021

Model

Expected Price

Expected Launch

Porsche Taycan

INR 1.8 Crore ($247,139)

February 2021

Audi e-Tron

INR 1.5 Crore ($205,949)

February 2021

Jaguar I-Pace

INR 1.2 Crore ($164,759)

March 2021

Mahindra eKUV100

INR 8.25 Lakh ($11,327)

March 2021

Tesla Model 3

INR 60 Lakh ($82,379)

March 2021


Market Coverage

  • Market number available for – 2018-2025
  • Base year- 2018
  • Forecast period- 2019-2025
  • Segment Covered- By Vehicle Type, By Propulsion Technology, By Battery Type 
  • Region Covered- Asia-Pacific
  • Competitive Landscape- BMW AG, General Motors Co., Hero Electric, Honda Motor Co., Ltd., Hyundai Motor Co., Kia Motors Corp., Nissan Motor Co., Toyota Motor Corp., and Volkswagen AG.

Key Questions Addressed by the Report

  • What is the market growth rate?
  • Which segment dominates the market in the base year?
  • Which segment will project the fastest growth in the market?
  • How COVID-19 impacted the market?
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Asia-Pacific Electric Vehicle Market Report Segment

By Vehicle Type 

  • Passenger Cars
  • Commercial Vehicle
  • Two-Wheeler

By Propulsion Technology

  • Battery Electric Vehicle (BEV) 
  • Plug-In Hybrid Electric Vehicle (PHEV)

By Battery Type

  • NiMH
  • Li-Ion
  • Others

Asia-Pacific Electric Vehicle Market- Countries Covered

  • China
  • Japan
  • India
  • Rest of Asia-Pacific
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/asia-pacific-electric-vehicle-market