Battery-electric car sales APAC 2015-2024
In recent years, the electric vehicle (EV) industry in the Asia-Pacific (APAC) region has experienced huge developments. Sales of electric cars, including battery-electric cars and plug-in hybrid electric cars, have increased rapidly since 2020. Around ************* battery-electric cars were sold in APAC in 2024, marking a nearly ** percent increase from the previous year.
Battery electric’s share in electric car sales in APAC
Battery-electric vehicles (BEVs), also known as fully electric vehicles, are powered solely by electricity stored in onboard batteries, while plug-in hybrid electric vehicles (PHEVs) combine an electric motor with an internal combustion engine and can switch between electric power and fuel-based propulsion. Preference for BEVs or PHEVs varies significantly across markets in APAC. In 2024, BEVs accounted for the majority of electric car sales in India, South Korea, and Australia, reflecting widespread consumer acceptance and supportive policies. That year, in China and Japan, battery-electric car sales also exceeded plug-in hybrid electric car sales, yet the gap in market share between the two segments was narrower in these two countries compared to the other markets in APAC, indicating a more balanced EV market mix
APAC’s battery manufacturing industry
The rapid adoption of BEVs in the APAC region is closely supported by its battery manufacturing industry. Countries like China, South Korea, and Japan dominate the global lithium-ion battery industry, housing major battery producers such as CATL, BYD, LG Energy Solution, and Panasonic. These companies lead in battery production for electric vehicles, with China’s CATL accounting for nearly 40 percent of global EV battery market share as of March 2025. APAC benefits from abundant raw materials and strong government support, fueling rapid expansion of battery factories. This manufacturing growth strengthens the electric vehicle ecosystem and positions the region as a critical player in the global energy transition toward cleaner technologies and sustainable development.
