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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Though the CAFE requirements began to be implemented around the world, and HV began to gain traction, with major manufacturers adopting them since they can readily reduce CO2 while costing less than BEV. Furthermore, the mild HV is at the centre, in which the electric motor only functions while starting and stopping, avoiding the complete HV with a complex software design.
Nevertheless, HV may reduce CO2 emissions more effectively than ICE, and increasing this is not a bad idea from an environmental standpoint.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | Japan start-up to offer fleet service using China's Geely EVs | 3DOM Inc, a Yokohama-based university-led startup founded in 2014 to produce battery separators, would provide carbon-neutral EV maintenance. | Japan | This would enhance better Technological Controls |
| 2 | Japan's Honda outlines strategy to forge ahead on electric vehicles | Honda is investing 5 trillion yen ($40 billion) in research over the next decade, mostly to accomplish a big move to environmentally friendly electric automobiles. | Japan | This would enhance better Technological Controls |
| 3 | Toyota rolls out first battery electric car in Japan | The bZ4X pickup truck (SUV) is Toyota's first surplus battery-electric automobile, and it will be leased for $39,000 for the first five years in Japan. | Japan | This would enhance better Technological Controls |
| 4 | Japan's Suzuki Motor to invest $1.3 billion for EV production in India | Suzuki's investment proposal will be part of a 5 trillion yen investment plan announced by Kishida during his trip. | Japan | This would enhance better Technological Controls |
Because of worries regarding cruising range, long charging times, higher driving pricing, as well as other factors, BEVs are not widely used in Japan. However, by 2035, Japan will have sold 100 percent electric vehicles, and the Japanese electric vehicle market is increasing.
Various fields related to electric vehicles, such as Lithium-ion Batteries, Solid-State Batteries, Battery Management & Analysis, Vehicle-to-Grid (V2G) Technology, End-Life Battery Technology, and Charging Infrastructure Development, may present economic prospects for US enterprises.
Toyota Inc. is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. The Proace Electric combines the carrying capacity and versatility of the Proace van with the performance and efficiency of an all-electric drivetrain.
Proace Electric has a 1,000kg payload with the 75kWh battery and a 1,226kg payload with the 50kWh battery, as well as a 1,000kg towing capacity. It boasts a strong electric engine and a choice of two batteries, 50kWh or 75kWh.
Isuzu has been one of the most advanced solution provider in the used car requirements. The N Series electric truck is a light delivery truck based on the Elf range, with a 100-kilometer range and two 40-kWh lithium batteries.
The batteries are situated between the front and rear wheels on the right side, and between the front and rear wheels on the left side and is used to power the vehicle as well as for cold storage. The tiny vehicle can carry a maximum weight of 3,000kg.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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