Japan Electric Car Market Trends

Statistics for the 2023 & 2024 Japan Electric Car market trends, created by Mordor Intelligence™ Industry Reports. Japan Electric Car trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of japan electric car Industry

This section covers the major market trends shaping the Japan Electric Car Market according to our research experts:

Sports Utility Vehicle is the largest segment by Sub Body Type.

  • Japan has seen a sharp increase in the demand for electric vehicles since 2016, and the nation witnessed a decline in the number of electric vehicle sales by about 10.50% by 2020. In 2021, the economy of the nation began to recover, and sales of electric automobiles increased significantly—by more than 50% annually in 2021 compared to 2020. Electric SUVs acquired the major share, close to 40%, followed by Electric Sedans at 28%, and the rest of the share was acquired by Hatchbacks and MUVs.
  • To expand the number of electric vehicles sold in the nation, numerous companies are developing and releasing new products. In Japan, in May 2022, Toyota launched its all-new electric SUV Bz4x, which has a battery capacity of 71.4 kWh and can produce 201 horsepower. The vehicle also has cutting-edge ADAS security measures. During the projection period in Japan, such new introductions are anticipated to accelerate the demand for SUVs in the Japanese automobile market.
  • The country's demand for electric cars is increasing because of government support in the form of incentives and refunds. The government has declared that it will treble the grants and incentives for buying electric automobiles starting in December 2020. The incentives for battery electric vehicles will rise from JPY 400000 to 800000. It is projected that subsidies will boost sales of batteries in various segments of electric passenger cars, such as Hatchbacks, Sedans, SUVs, and MUVs in Japan during the forecast period.
Japan Electric Car Market

Japan Electric Car Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Population

    2. 4.2 GDP

    3. 4.3 CVP

    4. 4.4 Inflation Rate

    5. 4.5 Interest Rate For Auto Loans

    6. 4.6 Battery Price (per Kwh)

    7. 4.7 Electrification Impact

    8. 4.8 Shared Mobility

    9. 4.9 New XEV Models Announced

    10. 4.10 Charging Stations Deployment

    11. 4.11 Regulatory Framework

    12. 4.12 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Body Type

      1. 5.1.1 Passenger Cars

        1. 5.1.1.1 Hatchback

        2. 5.1.1.2 Multi-purpose Vehicle

        3. 5.1.1.3 Sedan

        4. 5.1.1.4 Sports Utility Vehicle

    2. 5.2 Fuel Type

      1. 5.2.1 BEV

      2. 5.2.2 FCEV

      3. 5.2.3 HEV

      4. 5.2.4 PHEV

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 Audi AG

      2. 6.4.2 BMW AG

      3. 6.4.3 Daihatsu Motor Co., Ltd.

      4. 6.4.4 General Motors Company

      5. 6.4.5 Hino Motors, Ltd.

      6. 6.4.6 Honda Motor Company, Ltd.

      7. 6.4.7 Isuzu Motors Ltd.

      8. 6.4.8 Mazda Motor Corporation

      9. 6.4.9 Mitsubishi Fuso Truck and Bus Corporation

      10. 6.4.10 Mitsubishi Motors Corporation

      11. 6.4.11 Nissan Motor Co., Ltd.

      12. 6.4.12 Suzuki Motor Corporation

      13. 6.4.13 Tesla Inc.

      14. 6.4.14 Toyota Motor Corporation

      15. 6.4.15 Volkswagen AG

  7. 7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter's Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

Japan Electric Car Report Snapshots

Japan Electric Car Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029