Electric Mobility Market is anticipated to grow at a CAGR of 11.3% during the forecast period 2023 to 2032 | Gogoro Inc., BMW Motorcycles, Honda Motor Co., Ltd., Husqvarna E-Bicycles

New York, The electric mobility market size was USD 111.6 Billion in 2022 and is anticipated to reach USD 327.1 Billion in 2032, growing at a rate of 11.3% from 2023 to 2032.

Electric mobility is the movement of people or goods using electrically powered vehicles, such as electric cars, bicycles, and trains. The term is often used in the context of sustainable transportation, as electric vehicles emit no or very low levels of greenhouse gases and air pollution.

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Electric vehicles are typically more efficient than gasoline or diesel vehicles, as they convert a greater percentage of energy from the power source (usually batteries) into motion. For example, electric cars are about 60-70% efficient, while gasoline cars are only about 20% efficient.

Key Trends

There are a few key trends in electric mobility technology:

1. Increased range and performance: Electric vehicles are becoming more and more capable, with many new models having a range of over 200 miles on a single charge.

2. More affordable prices: Electric vehicles are becoming more affordable as prices continue to drop. Many new models are now available for under $30,000, making them more accessible to a wider range of consumers.

3. Improved infrastructure: The charging infrastructure for electric vehicles is also improving, with more public charging stations being installed in cities and towns across the country. This is making it easier for people to own and operate an electric vehicle.

Key Drivers

There are several key drivers of the electric mobility market.

Firstly, electric vehicles (EVs) offer a more sustainable and environmentally friendly option than traditional petrol or diesel cars. EVs produce zero emissions, which helps to improve air quality and reduce greenhouse gas emissions.

Secondly, EVs are becoming increasingly affordable as technology improves and battery prices continue to fall. This is making EVs a more attractive option for consumers, especially in light of rising fuel prices.

Finally, the range and performance of EVs are improving all the time, making them a viable option for longer journeys and more demanding driving conditions.

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Market Segments

The Electric Mobility market has been segmented into Product Type, Battery Type, Voltage Type, and Region. Based on the Product Type, the Electric Mobility market is segmented into Electric Bicycle, Electric Scooter, Electric Car, Electric Motorcycle, and Others. On the basis of Battery Type, the market is segmented into Sealed Lead Acid, Li-ion, and NiMH. Based on Voltage Type, the market is segmented into Less than 24V, 24V, 36V, 48V, and Greater than 48V. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

Some of the key players of Electric Mobility market are Renault SAS (France), Gogoro Inc. (Taiwan), BMW Motorcycles (US), Honda Motor Co., Ltd. (Japan), Husqvarna E-Bicycles (Sweden), Segway Inc. (China), Terra Motors Corporation (Japan), Vmoto Limited (Australia), Zero Motorcycles, Inc (US), and Tesla (US).

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Reasons to buy Electric Mobility Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
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• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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