Japan Electric Vehicle Market Top Key Players – Toyota, Daihatsu, Skydrive, COGICOGI, NExT-e Solution, Luup, WeCharge, Aspark, Nissan, Honda, Suzuki, Yamaha, Kawasaki

Japan's electric vehicle market is estimated to be $ XX billion in 2020 with a growth rate of XX% by 2026. Japan expects customer-supplied vehicles to be produced exclusively for electric or a hybrid vehicle by 2035. While COVID is having an impact on electric vehicle sales, it is expected to increase again in the near future. Attractive plans, infrastructure and government incentives for customers to purchase EVs.

Automotive giants such as Honda, Suzuki, Mitsubishi, Mazda, Isuzu Kawasaki and others began their R&D program long before others thought about it and began testing. Honda introduced the Honda EV plus in 1997, the production of which was limited and licensed for rental only in California.

Request For Sample@ https://bit.ly/39jEJeC

JAPAN ELECTRIC VEHICLE MARKET DYNAMICS

• The Japanese automotive company Nissan introduced the first production car to the world market, launched in 2009. Sold to the markets of Europe, USA and Japan. This shows that Japan entered the market earlier than other countries. More than 5,000,000 units have been sold to date and the next-generation segment is already on the market.

• The automotive sector looks the most promising in terms of economic growth and GDP of the country. New technological developments have always appeared in the country. The Japanese government provides manufacturers with very attractive subsidies for plug-in hybrids (with a cap) and battery-electric vehicles (with no limits), as well as for the production of batteries and electric vehicles.

• Japan ranked third after the United States and China in the light electric vehicle market. The first electric vehicle in Japan was the Mitsubishi I MieV, released in July 2009. Since 2013, Japan has seen increases and decreases in electric vehicle sales as the Japanese government and car makers tried to introduce and promote hydrogen cars. As of 2012, Japan has the highest percentage of fast charging points in the world. By 2020, Japan will have over 29,000 charging points.

JAPAN ELECTRIC VEHICLE MARKET SEGMENT

By Technology
• Hybrid Electric Vehicles
• Plug-In Electric Vehicles
• Battery Electric Vehicles

By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles
• Two Wheelers
• Others

By Powertrain
• Series Hybrid
• Parallel Hybrid
• Combined Hybrid

By Class
• Mid-Priced
• Luxury

By Vehicle Drive Type
• Front Wheel Drive
• Rear Wheel Drive
• All-Wheel Drive

IMPACT OF COVID ON JAPAN ELECTRIC VEHICLE MARKET

• The new virus has become a pandemic for the whole world and has affected the global economy and the economy of Japan. The regular operation of the automotive industry, from the supply chain to inventory, from raw materials to finished products, from work to service automation, from sales to distribution, has been disrupted. The sales charts of many companies, which brought huge losses, stood in the way. The startup was hit particularly hard by the sudden market close.

• As Japan is one of the largest automotive centers and factories in the world, the economy had a huge impact due to the blockade as production and exports in that country slowed down. The Japanese economy contracted 5.1% in the first quarter. Exports fell by more than 22%, which is one of the biggest blows to the economy. A Toyota and Mitsubishi report said they expect annual earnings to decline by more than 80%.

KEY PLAYERS IN JAPAN ELECTRIC VEHICLES

• Toyota
• Daihatsu
• Skydrive
• COGICOGI
• NExT-e Solution
• Luup
• WeCharge
• Aspark
• Nissan
• Honda
• Suzuki
• Yamaha
• Kawasaki

Read More Information: https://mobilityforesights.com/product/japan-electric-vehicle-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

This release was published on openPR.