BEV sales APAC 2012-2021
Throughout recent years the electric vehicle industry across the Asia-Pacific region has experienced huge developments. According to data provided by EV-Volumes, the region alone sold close to 2.96 million battery electric vehicles in 2021. Countries renowned for their infamous automotive manufacturing sectors have begun the transition into electric vehicle production. In fact, APAC accounted for the most battery electric vehicle sales worldwide by far in 2018.
A surge in usage
There has been a dramatic surge in the production and usage of electric vehicles globally throughout the early 21st century. As traditional vehicles are mainly fueled by non-renewable energy sources, electric vehicles have emerged as vital as they run on renewable sources of energy. China appears to lead globally, and in the Asia-Pacific region, in e-mobility. The East Asian country was forecasted to produce over ten million electric vehicles by 2022.
Transition to electric vehicles
Despite the advantages electric vehicles would bring, the transition from petroleum-based fuel to electric may not be as smooth as vehicle manufacturers would hope. There still remains possible drawbacks to the industry which may prevent prospective consumers from purchasing electric vehicles. The availability of charging stations and the initial cost of electric vehicles was picked up on by consumers in Thailand, as reasons why they may not purchase such vehicles. Yet, interestingly, consumers in China stated the electric vehicle charging infrastructure available to them was satisfactory. This could allude to the fact that there may be industries in the Asia-Pacific region which have progressed further than others, when considering the production of electric vehicles.
A surge in usage
There has been a dramatic surge in the production and usage of electric vehicles globally throughout the early 21st century. As traditional vehicles are mainly fueled by non-renewable energy sources, electric vehicles have emerged as vital as they run on renewable sources of energy. China appears to lead globally, and in the Asia-Pacific region, in e-mobility. The East Asian country was forecasted to produce over ten million electric vehicles by 2022.
Transition to electric vehicles
Despite the advantages electric vehicles would bring, the transition from petroleum-based fuel to electric may not be as smooth as vehicle manufacturers would hope. There still remains possible drawbacks to the industry which may prevent prospective consumers from purchasing electric vehicles. The availability of charging stations and the initial cost of electric vehicles was picked up on by consumers in Thailand, as reasons why they may not purchase such vehicles. Yet, interestingly, consumers in China stated the electric vehicle charging infrastructure available to them was satisfactory. This could allude to the fact that there may be industries in the Asia-Pacific region which have progressed further than others, when considering the production of electric vehicles.
