Japan Electric Vehicle Market Set to Grow at 6.33% CAGR, Reaching...

Japan Electric Vehicle Market Set to Grow at 6.33% CAGR, Reaching USD 111.34 Billion by 2030

Posted 2025-11-05 07:20:16

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Japan Electric Vehicle Market: Key Dynamics, Size & Share Analysis

As per MarkNtel Advisors the Japan Electric Vehicle Market size was valued at around USD 77.04 billion in 2024 and is projected to reach USD 111.34 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.33% during the forecast period, i.e., 2025-30.

Japan Electric Vehicle Market Trend:

Development of Solid-State Battery for Electric Vehicles – To achieve high energy density output, safer driving, etc. in EVs, the Ministry of Economy, Trade and Industry (METI) of Japan has approved the manufacturing of solid-state batteries for EVs in Japan. These new batteries are aimed at increasing the efficiency of Electric vehicles, eliminating the risks of chemical leakages, and decreasing charging time.

Companies like Toyota Motor Corporation got the approval for the manufacturing of solid-state batteries for EVs from METI in 2024, which allows the transformation of this market. Additionally, a collaboration has been done between Toyota Motors and Idemitsu Kosan to produce sulphide-based solid electrolyte batteries for increasing EV safety. Also, Idemitsu is expanding its production facility and planning to build a commercial-scale sulfide-based battery plant for EVs in Tokyo with an estimated annual production capacity of 60,000 solid-state battery EVs in Japan.

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Japan Electric Vehicle Market Systems Market Segmentation:

-By Vehicle Type

Electric Car- Market Size & Forecast 2020- 2030, Thousand Units
Two Wheelers- Market Size & Forecast 2020- 2030, Thousand Units
Electric Trucks- Market Size & Forecast 2020- 2030, Thousand Units
Electric Buses- Market Size & Forecast 2020- 2030, Thousand Units

-By Power Source

Battery Electric Vehicle (BEV) - Market Size & Forecast 2020- 2030, Thousand Units
Plug-In Hybrid Electric Vehicle (PHEV) - Market Size & Forecast 2020- 2030, Thousand Units
Hybrid Electric Vehicle (HEV) - Market Size & Forecast 2020- 2030, Thousand Units

-By Battery Type

Lithium-Ion Battery- Market Size & Forecast 2020- 2030, Thousand Units
Lithium Titanate Oxide (LTO) - Market Size & Forecast 2020- 2030, Thousand Units
Others (Lead Acid Battery, Nickel-Metal Hydride, etc.) - Market Size & Forecast 2020- 2030, Thousand Units

Geographical Analysis of the Japan Electric Vehicle Market

-By Region

North
South
East
West

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Japan Electric Vehicle Market Recent Development:

2024: Nissan Motor Corporation introduced the Ariya NISMO, a high-performance electric SUV, in Japan. This model builds upon the standard Ariya e-4ORCE, offering enhanced speed, comfort, and handling.
2024: Mitsubishi Motors Corporation has updated the plug-in hybrid electric vehicle (PHEV) model of the Outlander crossover SUV in Japan. It combines advanced electrification with the brand's renowned all-wheel-drive technology.

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Report Highlights Essential Insights for Strategic Decision-Making

Detailed market size, share, and forecast analysis
In-depth pricing trends and segment-wise cost evaluations
Key industry strategies, including innovation, partnerships, and acquisitions
Critical value chain analysis and stakeholder profiling
Regional import-export market insights and trade flow assessment
Thorough competitive benchmarking of top hearing aid manufacturers
Identification of new growth opportunities and niche market segments
Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Japan Electric Vehicle Market are:

Toyota Motor Corporation
Nissan Motor Corporation
Honda Motor Co., Ltd.
Mitsubishi Motors Corporation
BYD Co. Ltd.
Tesla Inc.
Mazda Motor Corporation
Mercedes-Benz Group AG
Daihatsu Motor Co., Ltd.
Others

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Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

Define objectives and research design
Collect data through surveys and interviews
Analyze and validate data using reliable tools
Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a leading Market Research Company and Industry Research Report Firm offering end-to-end intelligence across the automotive sector, including automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our extensive portfolio of Syndicated Research Reports and Customized Market Research Reports delivers global, regional, and country-level insights that help manufacturers, suppliers, and investors navigate evolving emission standards, technological disruptions, and changing consumer mobility trends. Built on robust data analytics, primary interviews, and Export and Import Data, our research provides actionable Market Forecasts and Revenue Impact Assessments. Clients leverage our intelligence for business analysis, competitive benchmarking, and go-to-market planning. Through our specialized Consulting Services, we empowers automotive stakeholders to translate insight into strategy, ensuring agility, innovation, and profitable growth in a transforming global mobility landscape.