Japan promising to be carbon-neutral by 2050, electric vehicles have become more of a requirement to meet these goals. Japan is a major emitter of greenhouse gases, with automobiles accounting for a considerable portion of those emissions. In light of the overall goal, the government decided that by 2035, all new passenger vehicles sold in Japan should be electric, setting the stage for the rapid rise of electric vehicles in the country. The policy plan, on the other hand, offers the vehicle industry and customers leverage. In 2020, more than 29 thousand new electric vehicles were sold in Japan, up from around 12.6 thousand EVs sold a decade ago. When plug-in hybrid automobiles enjoyed a growth spurt in the Japanese automotive market, electric vehicle sales peaked in 2019. Manufacturers in Japan have been rapidly branching out in EV technology to BEVs and PHEVs after focusing mostly on hydrogen-powered fuel cell electric vehicles (FCEV) in the past.
Sample For Detailed Analysis:https://www.maximizemarketresearch.com/request-sample/64280
Japan Electric Vehicle Market Overview:
Extensive Japan Electric Vehicle market analysis is carried out by attentively monitoring important product positioning and the market framework's top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the Japan Electric Vehicle market.
Japan Electric Vehicle Market size was valued at USD 670 Mn. in 2020 and the total revenue is expected to grow at 13.7% through 2021 to 2027, Japan Electric Vehicle Market is reaching nearly USD 1645.88 Mn. by 2027.
Japan Electric Vehicle Market Scope:
This research on the Japan Electric Vehicle industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Japan Electric Vehicle utilizing internal and external private information, as well as relevant patent and regulatory sources.
Inquiry for Detailed Analysis:https://www.maximizemarketresearch.com/market-report/japan-electric-vehicle-market/64280/
Japan Electric Vehicle Market Segmentation:
Based on Type, the market is sub-segmented into BEV, PHEV, and HEV. In 2020, the BEV segment had the largest revenue share of almost xx%, and this dominance is expected to continue from the forecast period. The significant revenue share is partly due to increased environmental awareness and benefits of BEV among end-users. From the forecast period, the PHEV segment is expected to grow at a CAGR of more than xx% in terms of revenue. This increase can be linked to government programs in the United States and Canada to promote the usage of electric vehicles. Larger vehicle sectors, such as electric trucks and buses, are more likely to provide PHEVs, over the forecast period.
Japan Electric Vehicle Market Key Players:
• Toyota
• Daihatsu
• Skydrive
• COGICOGI
• NExT-e Solution
• Luup
• WeCharge
• Aspark
• Nissan
• Honda
• Suzuki
• Yamaha
• Kawasaki
If you want any Customization in Japan Electric Vehicle Market:https://www.maximizemarketresearch.com/request-customization/124134
A team of research professionals updates and amends our data regularly to reflect the most recent trends and facts. To fulfill the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff uses proprietary data sources as well as a range of additional approaches. The key players in the Japan Electric Vehicle business are...
Regional Analysis:
The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.
COVID-19 Impact Analysis on Japan Electric Vehicle Market:
The spread of the COVID-19 pandemic has had a wide-ranging influence on people's lives all around the world. Markets have been forced to adopt new norms, trends, and tactics as a result. Essentially, the study report tries to paint a picture of the market's initial and future projections.
Key Questions Answered in the Japan Electric Vehicle Market Report are:
What will be the CAGR of the Japan Electric Vehicle market during the forecast period?
Which segment emerged as the leading segment in the Japan Electric Vehicle market?
Which are the prominent players in the Japan Electric Vehicle market?
What will be the Japan Electric Vehicle market size by 2027?
Which company held the largest share in the Japan Electric Vehicle market?
About Us:
Maximize Market Research provides B2B and B2C research on 12000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.
Contact Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT Park Phase 2,
Pune Bangalore Highway,
Narhe, Pune, Maharashtra 411041, India.
