Press release
Emerging Trends to Reshape the Electric Car Rental Market: Plug Mobility Technology Revolutionizes Electric Car Rental Market as a Key Influencer
Electric Car Rental Market
Electric Car Rental Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the electric car rental market has seen a rapid boom in the past few years. It is projected to escalate from $11.29 billion in 2024 to $13.06 billion in 2025, with a compound annual growth rate (CAGR) of 15.6%. Factors contributing to this historic period of growth include heightened awareness about the environment, the challenges of urbanization and traffic congestion, governmental incentives and subsidies, public interest in eco-friendly transport options, and sustainability initiatives by corporate entities.
Electric Car Rental Market Size Forecast: What's the Projected Valuation by 2029?
The size of the electric car rental market is predicted to experience swift expansion in the coming years, reaching a value of $23.06 billion in 2029 with an annual compound growth rate of 15.3%. The projected growth over this period is believed to be a result of the broadening of electric vehicle models, the worldwide growth in eco-tourism, emphasis on green credentials for rentals, synergies with mobility-as-a-service (maas), and global endeavors to cut down on carbon emissions. Some major upcoming trends for the predicted period include alliances with ride-hailing services, innovative costing models, contact-free rental services, utilization of data analytics and predictive maintenance, as well as the incorporation of self-driving aspects.
View the full report here:
https://www.thebusinessresearchcompany.com/report/electric-car-rental-global-market-report
What Are the Drivers Transforming the Electric Car Rental Market?
The growth of the electric car rental market is predicted to accelerate due to a rising demand for fuel-efficient vehicles. Regarded as a mode of transport that is gentle on the environment due to their zero emissions, electric rental cars are a solution to escalating fuel costs and an effective way to curtail fuel emissions, thus, preserving the environment. In the context of recent figures from Kelly Blue Book, a vehicle valuation and automotive research organization based in the USA, there has been an acute increase in Americans' preference for fuel-efficient vehicles. The data from January 2022 suggests a 66% surge in consumers' interest in acquiring electric vehicles. Consequently, this heightened demand for fuel-efficient cars is propelling the expansion of the electric car rental market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9058&type=smp
What Long-Term Trends Will Define the Future of the Electric Car Rental Market?
The advent of innovative plug mobility technology is an emerging trend within the electric car rental industry. Prominent players in the market are manufacturing high-end plug mobility systems to maintain their stronghold. For instance, in September 2024, myTVS, a digital automotive aftermarket platform from India, unveiled their Mobility-as-a-Service (MaaS) platform. This platform brings together a diverse network of partners, including OEMs, to provide an extensive range of services for the entire life cycle of electric vehicle (EV) fleets all under one roof. It covers everything from leasing and live fleet management to servicing and replacement parts management, underpinned by a digital catalog of 180,000 SKUs. The platform also offers charging options, such as portable chargers and myTVS charging stations, in addition to telematics, roadside assistance, insurance, and tire management for seamless fleet operation. The platform's aim is to expedite vehicle electrification by offering plug-and-play solutions while simultaneously enhancing performance. Moreover, this initiative is likely to bolster the government's efforts in advocating rapid EV adoption and eco-friendly transportation.
Which Segments in the Electric Car Rental Market Offer the Most Profit Potential?
The electric car rental market covered in this report is segmented -
1) By Vehicle Type: Battery Cars, Hybrid Cars, Plug-In Electric Cars
2) By Vehicle Category: Economy Cars, Luxury Cars
3) By Application: Leisure Or Tourism, Business
4) By Booking Type: Online, Offline
Subsegments:
1) By Battery Cars: All-Electric Vehicles (AEVs), Compact Battery Cars, Luxury Battery Cars, SUVs And Crossovers
2) By Hybrid Cars: Mild Hybrids, Full Hybrids, Plug-In Hybrids
3) By Plug-In Electric Cars: Plug-In Hybrid Electric Vehicles (PHEVs), Extended Range Electric Vehicles (EREVs)
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9058&type=smp
Which Firms Dominate the Electric Car Rental Market by Market Share and Revenue in 2025?
Major companies operating in the electric car rental market include Zipcar, Avis Budget Group Inc., Enterprise Holdings Inc., Europcar Mobility Group, The Hertz Corporation, Chefenxiang, DriveElectric, Easirent, Green Motion International, Sixt SE, Wattacars, Zoomcar, Blink Mobility, Share Now GmbH, E-Car Club, Eco Rent a Car, Ecomilhas, Ecomobix, Ekar, Electric Car Rentals, EVision Electric Car Hire, E-Wheels, GIG Car Share, Green Cabs, Greenz Car Rental, MILES Mobility, Oply, Spark Rentals, Sparky, Wattmobile
Which Regions Offer the Highest Growth Potential in the Electric Car Rental Market?
North America was the largest region in the electric car rental market in 2024. Asia-Pacific is expected to be the fastest-growing region in the electric car rental market during the forecast period. The regions covered in the electric car rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9058
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Emerging Trends to Reshape the Electric Car Rental Market: Plug Mobility Technology Revolutionizes Electric Car Rental Market as a Key Influencer here
News-ID: 4087493 • Views: …
More Releases from The Business Research Company
Competitive Analysis: Leading Companies and New Entrants in the Wire Arc Additiv …
The wire arc additive manufacturing cell market is rapidly gaining traction as industries increasingly embrace advanced metal 3D printing technologies. With significant investments and technological breakthroughs, this sector is set to experience remarkable growth, transforming manufacturing processes across multiple fields. Let's explore the market's size, influential players, key trends, and segmentation to understand its future trajectory.
Projected Expansion of the Wire Arc Additive Manufacturing Cell Market
The wire arc additive manufacturing cell…
Future Perspectives: Key Trends Shaping the Viscosupplementation Treatment for A …
The viscosupplementation treatment for arthritis market is on the verge of significant expansion, driven by advances in medical technology and a growing demand for effective arthritis therapies. With increasing awareness around early intervention and new treatment options, this sector is poised for rapid development over the coming years. Let's explore the market size, key players, emerging trends, and segment-wise forecasts that define this growing industry.
Projected Market Growth and Size of…
Segmentation, Major Trends, and Competitive Overview of the Viral Vector Develop …
The viral vector development service market is set to experience substantial growth in the coming years, driven by technological progress and increasing demand from various sectors. As gene therapies and advanced treatments gain prominence, the need for efficient viral vector production and development is becoming more critical. Let's explore the market size projections, key players, emerging trends, and the segment structure shaping this industry's future.
Projected Expansion and Market Size of…
Competitive Landscape: Leading Companies and New Entrants in the Transient Elast …
The transient elastography market is poised for substantial expansion as advancements in healthcare diagnostics continue to evolve. Increasing emphasis on non-invasive techniques and early disease detection is driving widespread adoption, setting the stage for strong market growth in the coming years. Let's explore the current market valuation, leading players, emerging innovations, and key segments shaping this industry.
Projected Market Value and Growth of the Transient Elastography Market
The transient elastography market is…
More Releases for Car
Car Washing Services Market Is Booming So Rapidly with Mister Car Wash, Zips Car …
The Car Washing Services Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market.…
Car Wash Service Market Boosting the Growth Worldwide: Auto Bell Car Wash, Miste …
The latest study released on the Global Car Wash Service Market by AMA Research evaluates market size, trend, and forecast to 2027. The Car Wash Service market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key…
Car Rental Services Market Forecast to 2028 Covid-19 Impact and Global Analysis …
Car rental services are a process of hiring/renting a car for a limited period from a rental company. Various companies like Uber Technologies, Europcar rent the vehicles for a short period ranging from few hours to weeks. The different types of cars rented by the company include Luxury Car, executive car, and economical car among others. Additionally, vehicle renting agencies also offer other products such as insurance, entertainment systems, and…
Car Rentals Market Growth Strategies and Innovative Technology Transformation by …
Worldwide Market Reports has announced the addition of the "Car Rentals Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Car Rentals Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The emergence of own-brand digital ordering platform has been trending in the global Car Rentals market. Car Rentals such as…
Luxury Car Leasing Market Competitors Analysis By German Rent A Car, ANI Technol …
'Global Luxury Car Leasing Market Research Report' the report is complete with an elaborate research undertaken by prominent analysts and a detailed analysis of the global industry place. The Luxury Car Leasing report is fragmented in several features which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again elaborated in…
Car Wash Market is Thriving Worldwide 2026 | Super Star Car Wash, Autobell Car W …
This Car Wash Market research report offers you an array of insights about Automotive industry and business solutions that will support to stay ahead of the competition. Systematic investment analysis is also underlined in this Car Wash Market report which forecasts impending opportunities for the market players.This market report is the outcome of persistent efforts lead by knowledgeable forecasters, innovative analysts and brilliant researchers who carries out detailed and diligent…
