Electric Mobility Market Size

Electric Mobility Market size was valued at USD 126.83 Billion in 2023 and is anticipated to exceed USD 807.24 Billion by the end of 2036, registering over 15.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of electric mobility is evaluated at USD 144.29 Billion. The growth of the market can be attributed to the rising popularity of electric mobility as well as the demand for services such as e-scooter sharing, e-bicycle, and e-motorcycle sharing is expected to propel the market. In 2021, more than 85,000 electric vehicles were registered in India.

There has been a growing demand for low-emission vehicles that are expected to boost the electric mobility market in the upcoming years. According to the United States Environmental Protection Agency, out of 100%, nearly 27% of greenhouse gas emissions in the U.S. are released from the transportation sector.