Electric Mobility Market Outlook:
Electric Mobility Market size was valued at USD 527.04 billion in 2025 and is expected to reach USD 3.66 trillion by 2035, expanding at around 21.4% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of electric mobility is evaluated at USD 628.55 billion.
The growth of the electric mobility industry is driven by the implementation of electrically charged two and three-wheeled light vehicles. According to a report from the Press Information Bureau in April 2025, nearly 11,49,334 electric two-wheelers (e-2Ws) were sold during Financial Year 2024-25, while numbers increased by 21% compared to 9,48,561 units from the previous year. The sales of electric three-wheelers (L5 category) increased to 1,59,235 units during FY 2024-25 from 1,01,581 units in the previous financial year, accounting for a growth of 57%. The increasing emphasis on sustainable transportation options is attributed to government support, beneficial policies, expanding infrastructure, and rising consumer interest.
Governments maintain active support through policy measures such as tax benefits and infrastructure investments, as well as subsidies in public charging facilities. Various domestic and international manufacturers are directing substantial investments in research and development to improve electric two- and three-wheeler batteries, and recharging speed and functionality, thus accelerating their adoption in the region. The developments in electric light vehicles are propelling the market expansion and resulting in emission reduction in urban areas.
