In addition, the team predicts that total EV sales in Asia will reach a high of just under 10.9 million units by the end of 2030, up from an estimated sales volume of 1.4 million units in 2020.
The electric vehicle (EV) market in Asia will continue to grow at a fast pace on the back of more companies in the region supporting the uptake on EVs, says Fitch Solutions in a June 20 report.
On this, the team at Fitch Solutions has estimated that EV sales in Asia will grow by 78.1% in 2021 from an estimated growth of just 4.8% in 2020.
