What's Driving the Electric Mobility Market Growth? BMW Motorrad, Gogoro, Tesla, American Honda Motor Company, Inc., KTM, Mahindra Group, Suzuki Motor of America, Inc., Zero Motorcycles, Accell Group, Nissan Motor Corporation
Growing demand for electric vehicles equipped with smart and automated technologies is driving the electric mobility market. Companies are investing in development of vehicles networking, infotainment systems, head-up displays, etc., to enhance vehicle operability.
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Lack of EV charging infrastructure coupled with high operating costs is the major concern, hampering the industry. Due to limited charging stations, consumers are facing charging issues and are not able to cope up with conventional fuel vehicles. Companies are switching from electric vehicles to conventional fuel-powered vehicles owing to charging concerns.
Due to rise in global warming, consumers are shifting to more sustainable transportation options such as electric bicycles, electric scooters, etc. Changing corporate culture toward sustainable transportation and shared mobility services by them are major factors supporting the electric mobility market growth.
Market by Product
o Electric Scooter
o Electric Bicycle
o Electric Skateboard
o Electric Motorcycle
o Electric Car
Market by Battery
o Less than 24V
o Greater than 48V
Asia Pacific will witness a major electric mobility market share propelled by improved electric vehicle infrastructure and charging stations. China will dominate the EV market over the forecast timeline due to rising domestic manufacturing activities, presence of OEMs, subsidies, and better regulation parameters.
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Key players in the electric mobility market include BMW Motorrad International, Gogoro, Inc., Honda Motor Co. Ltd, KTM AG, Mahindra Group, Suzuki Motor Corporation, Yamaha Motor Company Limited, Zero Motorcycles, Accell Group, Tesla, Nissan Motor Corporation, GF Health Products, Inc., and Kinetic Green Energy & Power Solutions Ltd.
The electric mobility market report, in essence, encompasses a collection is important parameters, and aims to make it easier for prominent stakeholders in the process of complicated business decision-making. The research document includes pivotal details such as the industry impact forces, SWOT analysis, and more, and also enumerates substantial information about the industry pitfalls and challenges.
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