The Asia Pacific Zero Emission Vehicle Market would witness market growth of 19.8% CAGR during the forecast period (2022-2028).
FCVs use compressed hydrogen gas. Such cars are powered by the electricity generated by the hydrogen. Additionally, renewable resources like wind or hydroelectric power can be used to generate the hydrogen that powers FCVs. As only water is released by hydrogen fuel cells, there are no emissions. The Hyundai Nexo and Xcient as well as the Toyota Mirai II are currently available hydrogen-powered vehicles.
Electric motors and battery packs are used to provide power in Battery Electric Vehicles (BEV). The Ford Mustang Mach-E, Chevy Bolt, and Nissan Leaf are three popular all-electric vehicles. BEVs can be recharged at public charging stations or overnight at home. In addition to them, solar-powered vehicles, which have been operational, are zero-emission vehicles. New manufacturers are striving to build solar vehicles in large quantities.
China is home to 2.3 million electric vehicles, or 45% of all those on the road worldwide, according to the International Energy Agency. The government also offers a variety of programmes and incentives to encourage the development of ZEV automobiles. China is determined to lower the polluting emissions from its road transport vehicles in light of the country's fast urbanisation. Additionally, it aims to lessen the nation's reliance on hydrocarbon imports and promote the growth of the industrial sector. The world's leading producer and buyer of electric vehicles is China. National sales targets, enabling legislation, beneficial subsidies, and local air quality targets all help to support domestic demand.
The China market dominated the Asia Pacific Zero Emission Vehicle Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $61,759.1 million by 2028. The Japan market is estimated to grow at a CAGR of 19% during (2022 - 2028). Additionally, The India market would experience a CAGR of 20.5% during (2022 - 2028).
Based on Price, the market is segmented into Mid-Priced and Luxury. Based on Vehicle Class, the market is segmented into Passenger Cars, Commercial Vehicles, and Two Wheelers. Based on Vehicle Drive Type, the market is segmented into All Wheel Drive, Front Wheel Drive, and Rear Wheel Drive. Based on Top Speed, the market is segmented into More Than 125 MPH, 100 to 125 MPH, and Less Than 100 MPH. Based on Vehicle Type, the market is segmented into BEV, PHEV, FCEV, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Zero Emission Vehicle Market is Projected to reach USD 578.9 Billion by 2028, at a CAGR of 19.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Motor Co., BMW Group, Toyota Motor Corporation, Mercedes-Benz Group AG (Daimler AG), Ford Motor Company, Hyundai Motor Company, Tesla, Inc., Nissan Motor Corporation, BYD Company Ltd., and Tata Motors Limited.
Scope of the Study
Market Segments Covered in the Report:
By Price
By Vehicle Class
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
By Vehicle Drive Type
- All Wheel Drive
- Front Wheel Drive
- Rear Wheel Drive
By Top Speed
- More Than 125 MPH
- 100 to 125 MPH
- Less Than 100 MPH
By Vehicle Type
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- General Motor Co.
- BMW Group
- Toyota Motor Corporation
- Mercedes-Benz Group AG (Daimler AG)
- Ford Motor Company
- Hyundai Motor Company
- Tesla, Inc.
- Nissan Motor Corporation
- BYD Company Ltd.
- Tata Motors Limited
TABLE 1 Asia Pacific Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Zero Emission Vehicle Market
TABLE 4 Product Launches And Product Expansions– Zero Emission Vehicle Market
TABLE 5 Acquisition and Mergers– Zero Emission Vehicle Market
TABLE 6 Geographical Expansion– Zero Emission Vehicle Market
TABLE 7 Asia Pacific Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Mid-Priced Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Mid-Priced Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Luxury Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Luxury Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Two Wheelers Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Two Wheelers Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 23 Asia Pacific All Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific All Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Front Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Front Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Rear Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Rear Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 31 Asia Pacific More Than 125 MPH Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific More Than 125 MPH Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific 100 to 125 MPH Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific 100 to 125 MPH Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Less Than 100 MPH Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Less Than 100 MPH Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 39 Asia Pacific BEV Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific BEV Market by Country, 2022 - 2028, USD Million
TABLE 41 Asia Pacific PHEV Market by Country, 2018 - 2021, USD Million
TABLE 42 Asia Pacific PHEV Market by Country, 2022 - 2028, USD Million
TABLE 43 Asia Pacific FCEV Market by Country, 2018 - 2021, USD Million
TABLE 44 Asia Pacific FCEV Market by Country, 2022 - 2028, USD Million
TABLE 45 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 46 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 47 Asia Pacific Zero Emission Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 48 Asia Pacific Zero Emission Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 49 China Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 50 China Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 51 China Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 52 China Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 53 China Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 54 China Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 55 China Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 56 China Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 57 China Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 58 China Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 59 China Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 60 China Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 61 Japan Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 62 Japan Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 63 Japan Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 64 Japan Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 65 Japan Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 66 Japan Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 67 Japan Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 68 Japan Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 69 Japan Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 70 Japan Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 71 Japan Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 72 Japan Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 73 India Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 74 India Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 75 India Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 76 India Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 77 India Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 78 India Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 79 India Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 80 India Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 81 India Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 82 India Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 83 India Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 84 India Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 85 South Korea Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 86 South Korea Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 87 South Korea Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 88 South Korea Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 89 South Korea Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 90 South Korea Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 91 South Korea Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 92 South Korea Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 93 South Korea Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 94 South Korea Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 95 South Korea Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 96 South Korea Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 97 Singapore Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 98 Singapore Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 99 Singapore Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 100 Singapore Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 101 Singapore Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 102 Singapore Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 103 Singapore Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 104 Singapore Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 105 Singapore Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 106 Singapore Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 107 Singapore Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 108 Singapore Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 109 Malaysia Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 110 Malaysia Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 111 Malaysia Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 112 Malaysia Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 113 Malaysia Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 114 Malaysia Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 115 Malaysia Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 116 Malaysia Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 117 Malaysia Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 118 Malaysia Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 119 Malaysia Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 120 Malaysia Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 121 Rest of Asia Pacific Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 122 Rest of Asia Pacific Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 123 Rest of Asia Pacific Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 124 Rest of Asia Pacific Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 125 Rest of Asia Pacific Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 126 Rest of Asia Pacific Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 127 Rest of Asia Pacific Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 128 Rest of Asia Pacific Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 129 Rest of Asia Pacific Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 130 Rest of Asia Pacific Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 131 Rest of Asia Pacific Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 132 Rest of Asia Pacific Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 133 key Information – General Motors Co.
TABLE 134 key information – BMW Group
TABLE 135 key information – Toyota Motor Corporation
TABLE 136 key information – Mercedes-Benz Group AG
TABLE 137 key information – Ford Motor Company
TABLE 138 key Information – Hyundai Motor Company
TABLE 139 key Information – Tesla, Inc.
TABLE 140 Key information – Nissan Motor Corporation
TABLE 141 key Information – BYD Company Ltd.
TABLE 142 Key Information –Tata motors Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and agreements : 2019, Jul – 2022, Jul) Leading Players
FIG 5 Recent strategies and developments: General Motor Co.
FIG 6 SWOT ANALYSIS: GENERAL MOTORS CO.
FIG 7 Recent strategies and developments: BMW Group
FIG 8 SWOT ANALYSIS: BMW GROUP
FIG 9 SWOT ANALSYSIS: TOYOTA MOTOR CORPORATION
FIG 10 SWOT ANALYSIS: Mercedes-Benz Group AG
FIG 11 Swot analsyis: ford motor Company
FIG 12 SWOT Analysis: Hyundai Motor Company
FIG 13 SWOT ANALYSIS: TESLA, INC.
FIG 14 Recent strategies and developments: Nissan Motor Corporation
FIG 15 Recent strategies and developments: BYD Company Ltd.