Electric Mobility Market to Hit $325.64 Billion by 2030: Grand View Research, Inc.

Read 164-page market research report, "Electric Mobility Market Size, Share & Trends Analysis Report By Product (Electric Bikes, Electric Scooter, Electric Motorized Scooters, Electric Motorcycle), By Drive, By Battery, By End-use, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research. Read 164-page market research report, " Electric Mobility Market Size, Share & Trends Analysis Report By Product (Electric Bikes, Electric Scooter, Electric Motorized Scooters,...

Read 164-page market research report, "Electric Mobility Market Size, Share & Trends Analysis Report By Product (Electric Bikes, Electric Scooter, Electric Motorized Scooters, Electric Motorcycle), By Drive, By Battery, By End-use, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Electric Mobility Market Growth & Trends

The rise in government investments along with stringent regulations, objectives, and policies for electric vehicle deployment, signaling OEMs and other industry stakeholders who actively participate in the industry and building confidence based on mobilizing investments and policy frameworks is fueling the growth of the electric mobility industry.

For instance, in December 2022, the Uttar Pradesh government in India targeted to invest 300 million in electric transportation. The state's UP Electric Vehicle Manufacturing and Mobility Policy 2022 aims to attract new investment and create 1 million new jobs in the sector. Meanwhile, the new strategy has attempted to address the three key issues: stimulating the manufacture of e-vehicles and their components, such as batteries, and creating a solid network of charging stations and battery swap locations.

Electric vehicles depend on electricity to replenish their batteries rather than using fossil fuels such as petrol or diesel. With the increasing number of EV battery charging stations emerging, it is now more convenient for consumers to charge their batteries at a local station rather than stand in line at a CNG station or a gas station. For instance, In May 2022, Energica Motor Company, a manufacturing company, launched a new e-bike named Energica Experia. The e-bike featured the company's no-emission EV technology. These factors are expected to drive the electric mobility market growth over the forecast period

Some dominant players in the U.S. electric mobility industry are BMW Motorrad International; Gogoro, Inc.; Honda Motor Co. Ltd.; KTM AG; Mahindra Group; Ninebot Ltd.; Suzuki Motor Corporation; Terra Motors Corporation; Vmoto Limited ABN; Yamaha Motor Company Limited. These players focus on new product launches and partnerships & collaboration to enhance their offerings and geographic presence. For instance, In June 2022, iFood, an online food ordering and delivery platform based in Brazil, launched the EVS Work iFood electric motorcycle in collaboration with Voltz Motors, a startup manufacturer of e-scooters and e-motorcycles based in Brazil, for USD 2,099.9.

Electric Mobility Market Segmentation

Grand View Research has segmented the global electric mobility market based on product, drive, battery, end-use, and region

Electric Mobility Market - Product Outlook (Revenue, USD Million, 2018 - 2030)

Electric Mobility Market - Drive Type Outlook (Revenue, USD Million, 2018 - 2030)

Electric Mobility Market - Battery Outlook (Revenue, USD Million, 2018 - 2030)

Electric Mobility Market - End-use Outlook (Revenue, USD Million, 2018 - 2030)

Electric Mobility Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

List of Key Players of Electric Mobility Market

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Browse through Grand View Research's Automotive & Transportation Industry Research Reports.

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.

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