𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐬𝐭 𝐨𝐟 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐭 𝐨𝐟 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 11.76 billion with a CAGR of 15.9% till 2030. The Rest of Asia Pacific consists of Indonesia, the Philippines, Malaysia, and others. Business expansions by key players including Tesla in Indonesia drive the market. 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: 𝐑𝐚𝐩𝐢𝐝 𝐄𝐕 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 : The APAC region, particularly countries like China, Japan, South Korea, and India, is witnessing rapid adoption of electric vehicles. China is leading the global EV market, but countries such as India and Southeast Asian nations are also accelerating EV adoption, spurred by government incentives and increased consumer demand. 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 & 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 : Many APAC countries are setting ambitious targets for EV adoption, including subsidies, tax incentives, and regulations mandating a shift toward cleaner mobility. For instance, China plans to have 20% of all new car sales be electric by 2025, while India has set a target to have 30% of vehicles on the road be electric by 2030. 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐄𝐕𝐬 : The rise in electric vehicle production directly increases the demand for batteries, particularly lithium-ion batteries, which are used in electric cars, buses, and two-wheelers. This trend is driving battery manufacturers to scale up production capacities. https://www.nextmsc.com/report/rest-of-asia-pacific-battery-market