Future Of Electric Vehicle In Asia Pacific Growing Trade among Emerging Economies 2030

The Future of Electric Vehicle in Asia Pacific Market size was valued at USD 221.95 Billion in 2022 and the total Future of Electric Vehicle in Asia Pacific Market revenue is expected to grow at a CAGR of 10.94% from 2023 to 2029, reaching USD 459.06 Billion.
Future of Electric Vehicle in Asia Pacific Market Overview:

An electric vehicle (EV) is powered by one or more electric motors, using electrical energy stored in batteries or another energy storage device. In Asian countries, consumers are adopting EVs at different paces. Compared with mature markets, such as China and Japan, emerging Asia—particularly India and ASEAN—is lagging. In 2021, EVs made up less than 1 percent of new-vehicle sales in the region.