Japan electric car market is forecast to show a growth of more than 14% during the forecast period, 2019-2025. Japan is one of the major oil-importing countries and to reduce oil import bill, the country is expected to significantly promote the electric cars in the country. In April 2018, the government has announced its plan to have all new cars sold in Japan be electric or hybrid vehicles by 2050. As per the International Energy Agency, the country was the second-largest electric vehicle market in Asia-Pacific. However, consecutive three negative years have been witnessed in the electric car market in the country which is one of the major restraints for the growth of the market. In 2019, a decrease of around 17% has been registered as compared to 2018.
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Japan electric car market is analyzed on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is segmented into hatchback, sedan, and SUV. Some of the most common electric cars sold in the country include Nissan Leaf, Toyota Prius PHEV, Mitsubishi Outlander PHEV, BMW 25xe, and BMW 530e. By propulsion technology, the market is further segmented into battery-electric cars, plug-in hybrid electric cars, and fuel cell electric cars. During the forecast period, battery-electric cars are expected to show significant growth in the country. By battery type, the market is further sub-segmented into NiMH, Li-Ion, and others. Li-ion batteries car is expected to cover a major market share during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Japan Electric Car Market Report Segment
By Vehicle Type
- Hatchback
- Sedan
- SUV
By Propulsion Technology
- Battery Electric Car
- Plug-in Hybrid Electric Car
By Battery Type
- NiMH
- Li-ion
- Others
The Report Covers
- Comprehensive research methodology of the Japan Electric Car Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Japan Electric Car Market.
- Insights about market determinants which are stimulating the Japan Electric Car Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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