As per industrial reports, South Korea can capture 12% of the global electric vehicle (EV) market by 2030, but requires sustained effort and continued support from the government and industry such as: Source: The Korean herald Continue reading Is 12% of the global EV market by S.Korea possible?

The key comparisons for strengths and challenges for each electric vehicle’s market in China, South Korea, and Japan are: In my opinion, each country has its own unique strengths and challenges. The current scenario can change at any time by implementing any type of innovative policies or incentives to drive further market growth.  Source: The Korean Herald, Bloomberg, MMR Continue reading The EV market comparison of China, South Korea, and Japan

South Korea is one of the key contenders when it comes to EV or battery market business related to the electric vehicle industry. Factors such as streamlining regulations and standardization, investing in manufacturing and supply chain development, providing tax benefits and incentives to EV purchasers, expanding EV charging infrastructure in rural areas, and building a strong partnership between the public and private sectors are some … Continue reading What can India learn from the South Korean EV market?

One of the most mature and well-developed markets in Asia. A strong automotive industry, led by companies such as Hyundai and Kia. Along with a strong focus on the battery industry by companies such as LG Chem and SK Innovation. The South Korean government in recent years implemented various policies supporting EV growth in the market such as incentives for manufacturing, research and development, and … Continue reading Comparison of the South Korean EV market with major global players and its competitive advantages

According to Mordor Intelligence, the Asia Pacific electric vehicle market share is expected to reach USD 777.62 billion by 2027, with a CAGR of 19.10%. Despite the fact that the pandemic left by electric vehicles cannot be denied and was unsettling in the market, the growth of mild hybrids and other electric vehicles did not stop. Two of the emerging contenders, China and South Korea, … Continue reading EV Market Share: China dominates, and South Korea significant player

The Indian government is providing several incentives and subsidies to encourage the use of EVs, which has resulted in a booming market for electric vehicles in India. It still trails behind other Asian nations like China, Japan, and South Korea in terms of the size and development of the market, though. These nations also have a larger market for EVs, better-established infrastructure, and more local … Continue reading A comparative analysis of the Electric vehicle industry in India and other Major Asian Markets

In Japan, electric vehicle is rapidly growing with more and more consumers in technology. The country is known as the home to leading EV manufacturers such as Toyota, Nissan, and Mitsubishi. According to a report by the Japan Automobile Manufacturers Association (JAMA), the country’s domestic EV market share stood at around 4% in 2020 with over 90,000 EVs sold in the year. Several factors are … Continue reading Exploring Japan’s Electric Vehicle Market share