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According to a new report Asia Pacific Electric Vehicle Market, published by KBV research, the Asia Pacific Electric Vehicle Market would witness market growth of 25.4% CAGR during the forecast period (2019-2025).
The China market dominated the Asia Pacific Battery Electric Vehicle Market by Country 2018, and would continue to be a dominant market till 2025; growing at a CAGR of 28.3 % during the forecast period. The Japan market is expected to witness a CAGR of 29.8% during (2019 - 2025). Additionally, The Taiwan market is expected to witness a CAGR of 31.7% during (2019 - 2025).
The Passenger Vehicles market dominated the Asia Pacific Electric Vehicle Market by Vehicle Type 2018, growing at a CAGR of 24.5 % during the forecast period. The Two-wheeler market is expected to witness a CAGR of 26.3% during (2019 - 2025).
The Hybrid Electric Vehicle market dominated the South Korea Electric Vehicle Market by Type 2018, growing at a CAGR of 21 % during the forecast period. The Battery Electric Vehicle market is expected to witness a CAGR of 33.4% during (2019 - 2025). Additionally, The Plug-in Hybrid Electric Vehicle market is expected to witness highest CAGR of 36.9% during (2019 - 2025).
Full Report: https://www.kbvresearch.com/asia-pacific-electric-vehicle-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Tesla, Inc., Volkswagen AG, Honda Motor Co. Ltd., BYD Company Limited, Volvo Group, BMW Group, Toyota Motor Corporation, Ford Motors Co. Ltd., Daimler AG and General Motors Co.
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