Press release
Electric Mobility Industry: E- Light Commercial Vehicle Thereby Contributing To Creating New Growth Opportunity
The global electric mobility industry size stood at USD 101.67 billion in 2022 and will exhibit a CAGR of 19.9% from 2023 to 2030, according to the "Electric Mobility Industry Data Book, 2023 - 2030," published by Grand View Research. The growth comes on the back of an exponential rise in smart cities and a gradual uptick in charging infrastructure. Further, the strong outlook of electric mobility will rely on the launch of new EVs, innovations in automotive technologies, urbanization and per capita income. Mass awareness and education regarding electric mobility will elevate the trajectory of EVs across emerging and advanced economies.Global push to adopt sustainable practices and strong policies to curb carbon emissions have expedited the penetration of electric two-wheelers. Besides, several automakers have upped investments in research and development activities to augment the footprint of e-scooters. To illustrate, in April 2022, Honda Motor announced pouring USD 64 billion into R&D to introduce 30 EV models globally by 2030.
EV manufacturers are bullish about the flurry of innovations, including regenerative braking system advancements of battery technology. Predominantly, the regenerative braking system has provided a fillip as it helps to minimize maintenance costs through reduced wear and tear. The electric two-wheeler market size was pegged at USD 91.07 billion in 2022 and will witness a healthy CAGR of 13% between 2023 and 2030.
Order your copy of the Free Sample of "Electric Mobility Industry Data Book - Two-Wheeler, Three-Wheeler and Light Commercial Vehicles Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030" Data Book, published by Grand View Research: https://bit.ly/3XjRC0C
With the decarbonization of vehicle fleets becoming more pronounced, electric light commercial vehicles (e-LCVs) are poised to gain ground. An expeditious growth of e-commerce and online grocery will reinforce the brand position. Lately, instant delivery and same-day delivery have gained considerable momentum, a trend witnessed during the COVID-19 pandemic that will continue in the ensuing period. Furthermore, the proliferation of recreational vehicles and logistics has spurred, along with the demand for LCVs in construction, gardening and landscape. The electric light commercial vehicles market size was valued at USD 9.30 billion in 2022 and will depict a strong CAGR of 39% through 2030.
Trends and opportunities expected to be witnessed in the near term are highlighted below:
Industry players are likely to underscore electric three-wheelers in their portfolios following the growing penetration of delivery- and passenger-car -vehicles.
The automotive landscape suggests state-of-the-art technologies, including AI, IoT, big data, 3D printing and vehicle-to-everything will redefine the global market.
Competitive trends in Asia Pacific will likely encourage OEMs and other stakeholders to inject funds into electric mobility on the back of the rising footprint of e-bikes and other EVs across China, India, Australia and Japan.
Europe has emerged as a promising market where EV adoption has reached an unprecedented height over the past few years, mainly due to shifting consumer preference towards sustainable transportation and bullish policies. For instance, in October 2022, the European Parliament and Council reached an agreement that will require all new cars and vans registered in Europe to be zero-emission by 2035. The "Fit for 55" proposal will warrant average emissions of new vans to dip by 50% and new cars by 55% by 2030. The European Environment Agency noted that in 2021 electric car registration in the EU market contributed nearly 18% of newly registered passenger cars. In 2021, around 63% of BEV registration in the EU-27 and non-EU EEA countries was attributed to France, Germany and Norway.
Go through the table of content of Electric Mobility Industry Data Book to get a better understanding of the Coverage & Scope of the study: https://www.grandviewresearch.com/sector-report/electric-mobility-industry-data-book/toc
With the transport sector being one of the major contributors to GHG emissions, investments in e-mobility could help them achieve climate neutrality objectives. Financial incentives, including exemptions and tax reductions, will ramp up EV adoption, thereby fostering electric mobility.
The competitive scenario alludes to notable investments in organic and inorganic growth strategies, such as product offerings, technological advancements, R&D, collaborations, mergers & acquisitions and geographical expansions. To illustrate, in July 2022, Lime rolled out an AI-powered computer platform to enhance e-scooter safety. The company will start with its Advanced Sidewalk Detection system that can reportedly identify when the e-scooter is being ridden on a pavement (in real-time).
Check out more Industry Data Books, published by Grand View Research: https://www.grandviewresearch.com/sector-reports-list
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Mobility Industry: E- Light Commercial Vehicle Thereby Contributing To Creating New Growth Opportunity here
News-ID: 3096409 • Views: …
More Releases from Grand View Research, Inc.

Generative AI Market Size, Share, And Industry Outlook Report, 2030
Generative AI Market Growth & Trends
The global generative AI market size is anticipated to reach USD 109.37 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 37.6% from 2025 to 2030. Growing demand to modernize workflow across industries is expected to drive the demand for generative AI applications among industries. Other factors that propel the market growth include the evolution of AI…

Maternal Mental Health Market To Reach $45.72 Billion By 2030 | Therapy Mama, Ca …
The global maternal mental health market size is expected to reach USD 45.72 billion by 2030, growing at a CAGR of 28.43%, according to a new report by Grand View Research, Inc. Maternal mental health issues are a global concern that affects women of various countries and cultures. It refers to the emotional well-being of women during the pregnancy and postpartum period. The market is driven by the increasing incidence…

Downstream Processing Market Size, Share & Trends Analysis Report, 2030
The global downstream processing market size is expected to reach USD 94.79 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.84% from 2023 to 2030. The capacity requirements during the development of biologic drugs have changed over the past few years, wherein the demand for manufacturing high-volume products has shifted to developing small-volume, high-potency…
More Releases for Industry
Hydro Lubricants Market Size, Analysis, and Forecast Report 2018 to 2026(By Indu …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Hydro Lubricants Market Insights, Trends & Future Development Status Recorded du …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Global Pyrite Market 2019 | Applications: Jewelry Industry, Sulfur Compounds Ind …
The major factor driving the pyrite market is the rising demand of jewelry and sulfur compounds market. This report researches the worldwide Pyrite market size (value, capacity, production, and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Pyrite breakdown data by manufacturers, region, type, and application, also analyzes the market status, market share, growth rate, future trends, market…
Lipase Enzymes Market Future Forecast Indicates Impressive Growth Rate (Segmenta …
Market Outlook
Increased consumption of processed food and dairy products among consumers has fuelled the demand and supply of lipase enzymes over the years. Lipase is an enzyme that catalyzes the hydrolytic reaction of fats, and reduces the formation of glycerol and fatty acids in all living organisms. It plays a vital role in the process of digestion by transporting and processing the ester bonds in triglycerides. Due to the varied…
Big Bag Connection System Market Segmented By technology Automatic, Semi-Automat …
Global Big Bag Connection System Market: An Overview
The key advancement in automation encourages manufacturers to adopt smart systems to increase productivity and to facilitate timely production. Owing to the perception of consumers as well as manufacturers regarding health and hygiene of product, the big bag connection system market is anticipated to propel during the forecast period. Big bag connection system ensure dust -free docking of big bags and provide flexibility…
Europe Plastic Pallet Market Size, Shares, Forecast Report 2016 : Food Industry, …
This report studies sales (consumption) of Plastic Pallet in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering
ShangHai Pallet Plastic Industry Co., Ltd.
Shanghai Lika Plastic Manufacturing Co., Ltd.
Guangzhou Plastic Industrial Corporation Ltd
Shandong Liyang Plastic Molding Co.,Ltd
Xinding Plastic
ZheJiang Primacy Plastic Industry Co., Ltd
Shanghai Qinghao Plastic Pallet Manufacture…