Asia-oceania to be the largest market for electric vehicle plastics market
Asia-oceania is estimated to dominate the electric vehicle plastics market, and is
projected to grow at the highest CAGR during the forecast period. The region has
emerged as a hub for electric vehicles in recent years, with china and japan as the
frontrunners. Governments in asia-oceania are also trying to provide incentives to
support the demand for electric vehicles. For instance, in japan, electric vehicles are
exempted from acquisition tax and tonnage tax, and have a 50% exemption from
automobile tax.