Electric vehicles (EV) and their associated charging systems are poised to be major paths for automotive manufacturers and technology companies to reach customers. The opportunity has been slow to develop, but a number of factors are very much making these technologies real today, especially in Asia. Through a combination of emissions reduction standards, government incentives, and uncertain fuel prices, EVs are beginning to take off in Asia—and the growth will be substantial in the coming years.

To help you better understand the burgeoning Asia EV marketplace, Zpryme has created a market outlook and forecast report, Electric Vehicles and Charging Systems in Asia. Leveraging its first-hand knowledge of Asian EV efforts, along with its modeling expertise and global industry survey work, Zpryme delivers detailed information about:

  • The ambitious EV plans in the Asia marketplace
  • Regulations, policies and government initiatives driving EV investment and adoption
  • The critical role of EV charging systems in promoting EV adoption
  • Activities of key players and solutions in the Asia EV market
  • Granular projections for market growth between now and 2021

Key Highlights

  • Asia EV sales are projected to grow from 55,000 units in 2013 to 4.0 million units by 2021. That change represents a compound annual growth rate of 71%.
  • Plug-in hybrid EVs sales will surpass 1.2 million units by 2021. Battery EVs sales are projected to grow to upwards of 2.8 million by 2021.
  • China leads the way with EVs. From 2013 to 2021, China will grow by 81% annually, from 18,300 units to 2.1 million units, and account for 53% of the Asia market in 2021.
  • EV charging station sales will experience significant growth across three major countries, with Japan growing 109% annually and cumulatively adding 3.8 million units between 2013 and 2021, China growing 47% annually with 11.8 million cumulative units, and South Korea growing 158% annually with 1.3 million cumulative units.

[expand title=”Report Details”]Market Forecasts

  • Total Asia Electrified Vehicles Unit Sales Forecast by Country/Region, 2013 – 2021
  • Total Asia PHEV Unit Sales Forecast by Country/Region, 2013 – 2021
  • Total Asia BEV Unit Sales Forecast by Country/Region, 2013 – 2021

Regions and Conutries

  • China
  • Japan
  • South Korea

Key Players

  • DENSO Corporation
  • Hitachi
  • Honda
  • Hyundai Kia
  • IHI Corporation
  • LG Chem
  • LG Group
  • LS Industrial Systems
  • Mitsubishi
  • NEC
  • Nissan
  • Renault Samsung
  • Samsung SDI
  • Toshiba
  • Toyota
  • Unisys Japan

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