The incentives and other support programs implemented by the countries in the region will mean that by 2015, no less than 1.4 million electric vehicles will be buzzing the streets there.
According to Pike Research, such a big number of vehicles will be supported by no less than 2.6 million EV charge points (far outnumbering the cars themselves and thus virtually eliminating the biggest obstacle in the path of the EV sector development).
"Two key drivers of EV adoption include climate concerns and oil prices," said Pike Research senior analyst Andy Bae. "The potential for reducing carbon emissions by electrifying transportation has caught the attention of local and national government officials across Asia Pacific due to concerns about the contribution of transportation emissions to climate change.”
“For example, South Korea faces worsening environmental issues. In 2005, the country had the tenth-highest level of CO2 emissions, as well as the highest CO2 emissions growth rate."
Of course, the bulk of EVs in the entire region will be in China, were Pike expects will support some 53 percent of the sales in Asia Pacific. Here, most electric vehicles will come in the form of battery-powered ones. Japan, on the other hand, will be the place to be for plug-in hybrids.