MarkNtel Advisors recently published a detailed industry analysis of the Japan Electric Vehicle Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Japan Electric Vehicle Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Japan Electric Vehicle Market size was valued at around USD 77.04 billion in 2024 and is projected to reach USD 111.34 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.33% during the forecast period, i.e., 2025-30. 

Key Findings in Japan Electric Vehicle Market:

• Historical Analysis: 2020–2023    
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- Toyota Motor Corporation, Nissan Motor Corporation, Honda Motor Co., Ltd., Mitsubishi Motors Corporation, BYD Co., Ltd., Tesla Inc., Mazda Motor Corporation, Suzuki Motor Corporation, Daihatsu Motor Co., Ltd., Mercedes-Benz Group AG, and Others

What are the major Driver the Japan Electric Vehicle Market?

Environmental Awareness Fueling the Shift Towards Electric Vehicles – The growing concerns regarding environmental and human health due to rising air pollution are fueling market demand. It is emerging due to the harmful emissions from the large-scale factories and fuel-based road traffic in Japan. More than 20% of the nitrogenous waste and 20% of the carbon emissions are coming from road traffic in Japan. It is leading to sustainable practices in the country, which is further driving the adoption of Electric Vehicles in Japan.

Japan has witnessed air pollution as the 8^th highest risk factor for rising morbidity in the country. For instance, the air index in Japan in 2022 reached about PM2.5, which is far more than the recommended levels by the World Health Organization. It led to more than 50,000 deaths in Japan in that year, which raised the awareness among the citizens to shift towards more sustainable alternatives including electric vehicles in the country.

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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What segments define the Japan Electric Vehicle Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Vehicle Type

• Electric Car- Market Size & Forecast 2020- 2030, Thousand Units
• Two Wheelers- Market Size & Forecast 2020- 2030, Thousand Units
• Electric Trucks- Market Size & Forecast 2020- 2030, Thousand Units
• Electric Buses- Market Size & Forecast 2020- 2030, Thousand Units

By Power Source

• Battery Electric Vehicle (BEV) - Market Size & Forecast 2020- 2030, Thousand Units
• Plug-In Hybrid Electric Vehicle (PHEV) - Market Size & Forecast 2020- 2030, Thousand Units
• Hybrid Electric Vehicle (HEV) - Market Size & Forecast 2020- 2030, Thousand Units

According to report, Out of these, the Hybrid Electric Vehicle (HEV) holds the largest market share of more than 80%.

By Battery Type

• Lithium-Ion Battery- Market Size & Forecast 2020- 2030, Thousand Units
• Lithium Titanate Oxide (LTO) - Market Size & Forecast 2020- 2030, Thousand Units
• Others (Lead Acid Battery, Nickel-Metal Hydride, etc.) - Market Size & Forecast 2020- 2030, Thousand Units

According to report, Among these, the Lithium-Ion Battery is the leading segment of this market and accounts for more than 60% of the market share

Explore the Complete Japan Electric Vehicle Market Analysis Report – https://www.marknteladvisors.com/research-library/japan-electric-vehicle-market.html

Geographical Analysis: Japan Electric Vehicle Market

 By Region

• North
• South
• East
• West

Japan Electric Vehicle Market Recent Development:

•  2024: Nissan Motor Corporation introduced the Ariya NISMO, a high-performance electric SUV, in Japan. This model builds upon the standard Ariya e-4ORCE, offering enhanced speed, comfort, and handling.
• 2024: Mitsubishi Motors Corporation has updated the plug-in hybrid electric vehicle (PHEV) model of the Outlander crossover SUV in Japan. It combines advanced electrification with the brand's renowned all-wheel-drive technology.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Japan Electric Vehicle Market?
• How is the Japan Electric Vehicle Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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