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Asia Pacific is expected to hold the highest market share during the forecast period. The increasing adoption of electric vehicles (EVs) in regions such as China, Japan, India, South Korea, and others can be attributed to various measures implemented by governments to promote EVs. These measures include exemptions for EV buyers from registration charges and road taxes, as well as incentives provided to EV manufacturers. These initiatives have fueled the growth of the EV market in these developin

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