The Electric Mobility Market is projected to grow at 23.6% CAGR, reaching $1182.45 Billion by 2029. Where is the industry heading next? Get the sample report now!

The global electric mobility market is set to expand from USD 145.73 billion in 2024 to USD 938.05 billion by 2037, witnessing a CAGR of more than 15.4% throughout the forecast period, between 2025 and 2037. Key industry players include Tesla Inc., Honda Motor Company Ltd., Bayerische Motoren Werke Aktiengesellschaft, General Motor Company, among others.

As per Cognitive Market Research's latest published report, the Global Electric Mobility market size was $121.71 Billion in 2022 and it is forecasted to reach $362.08 Billion by 2030. Electric Mobility Industry's Compound Annual Growth Rate will be 14.7% from 2023 to 2030. Factors Impacting on Electric Mobility Market

The increasing potential for cost savings by switching to electric mobility is driving the demand for electric mobility which is contributing to the market growth. Furthermore, rising environmental safety awareness and increasing prices of fuel are accelerating the growth of the Global Electric Mobility market. Introduction of Electric Mobility

Electric mobility refers to the use of electric power as the primary source of energy to power vehicles, such as cars, buses, and motorcycles. This is in contrast to vehicles that rely on internal combustion engines, which burn fossil fuels like gasoline or diesel.

Analyze the market segmentation of the E-Mobility industry. Gain insights into market share distribution with a detailed breakdown of key segments and their growth.

Get detailed insights into the current valuation of E-Mobility market size, including growth analysis, current market status and future market projections.

Electric Mobility Networks Market 2025: Projected to hit USD 1187.89B by 2029 at 27.1% CAGR. Access in-depth analysis on trends, market dynamics, and competitive landscape for data-driven decisions.

The Shared Mobility Market Report is Segmented by Type (Ride-Hailing, Car Sharing, Shared Micromobility (E-Bikes, E-Scooters, Etc. ), Rental and Leasing, and Others (Shuttle Services, Bus Services, Etc. )), Vehicle Type (Passenger Cars, Light Commercial Vehicles (Pickup Vans, Etc. ), Buses and Coaches, and Two-Wheelers), Business Model (Peer-To-Peer (P2P), Business-To-Business (B2B), Business-To-Consumer (B2C), Propulsion Type (Internal Combustion Engine (ICE) and Electric), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecasts for the Shared Mobility Market in Value (USD) for all the Above Segments.

Global Electric Mobility Market Size By Product(Electric Car, Electric Scooter, Electric Bike), By Voltage(Less than 24V, 24V, 36V), By Battery(Sealed Lead Acid, NiMH), By Geographic Scope And Forecast

Electric Mobility Chargers Market 2025: Projected to hit USD 49.36 B by 2029 at 28.1% CAGR. Access in-depth analysis on trends, market dynamics, and competitive landscape for data-driven decisions.

125 MPH+ Performance: This segment targets high-performance electric vehicles with a top speed exceeding 125 MPH, appealing to enthusiasts and track enthusiasts.Range: Electric vehicles are categorized based on their driving range on a single charge: Less than 300 Miles: Ideal for daily commutes and urban use. More than 300 Miles: Offers extended range for longer journeys and road trips. Vehicle Drive Type: This segment classifies vehicles based on their drivetrain: Front Wheel Drive: Provides good traction and handling. Rear Wheel Drive: Enhances stability and performance. Four Wheel Drive: Improves traction and off-road capabilities. All Wheel Drive: Similar to four-wheel drive, but with advanced electronic control for optimized power distribution. End Use: Electric vehicles are used for various purposes: Private: Personal transportation by individual consumers. Commercial Fleets: Electric vehicles deployed by businesses for transportation, delivery, and other commercial activities. Vehicle Type: The market is segmented based on vehicle type: Passenger Cars: Electric vehicles designed for personal and family transportation. Commercial Vehicles: Electric vehicles used for commercial purposes, such as delivery vans and public transportation buses. Two & Three Wheelers: Electric vehicles with two or three wheels, including motorcycles, scooters, and tricycles. Off-Highway Vehicles: Electric vehicles designed for off-road use, such as ATVs and golf carts. Technology: Electric vehicles employ different technologies: Battery Electric Vehicles (BEVs): Vehicles powered solely by electric motors using energy stored in batteries. Plug-In Hybrid Electric Vehicles (PHEVs): Hybrid vehicles that combine an electric motor and a gasoline engine, offering both electric and gasoline propulsion. Fuel-Cell Electric Vehicles (FCEVs): Vehicles powered by hydrogen fuel cells that react with oxygen to produce electricity, emitting only water vapor. Recent developments include: April 2024: Recently, BYD's new all-electric car, the SEAGULL, made its official debut in Colombia. Local customers have been eagerly awaiting the BYD SEAGULL since its introduction at the Colombia Auto Show last year. With its sleek appearance, state-of-the-art electric features, and great value for money, this little electric hatchback is sure to become the preferred vehicle for young urban Colombians. More than 600 media representatives and customers attended the launch event, which received praise from the local press for being Colombia's premier new product launch each year., According to Li Nan, Deputy General Manager of BYD America Auto Sales Division, "BYD has been committed to advancing the development of electric mobility since joining the automotive industry in 2003." With total sales of over 7 million vehicles worldwide, BYD has emerged as the market leader in the world for new energy vehicles. In the future, we hope to provide customers with even more dependable and high-quality products. More young Colombians will be able to purchase their first battery-electric car thanks to the launch of the BYD SEAGULL.", "The Colombian automotive market faces significant challenges in 2024," said Marco Pastrana, general manager of Motorysa, BYD's partner in Colombia. In spite of these obstacles, BYD has seen an astounding 31% increase in sales. BYD has continuously led the market in new energy passenger vehicle sales since entering Colombia. The BYD SEAGULL's introduction is expected to strengthen Colombia's stance on environmentally friendly transportation, demonstrating the nation's readiness to embrace the future of electric mobility.", January 2023: Once a longshot startup, Tesla grew to become the largest manufacturing employer in the state and the leading manufacturer of electric vehicles worldwide in just 20 years since its founding in San Carlos, California. Over the past ten years, the US has lost a lot of manufacturing jobs, and global supply chains have been shaken up, but Tesla has defied the trend by increasing employment and production in the US. The employment in California that was fueled by Tesla increased by 40% between 2018 and 2021, and the state's wages that year exceeded the national average by 50%, offering the highest compensation in our industries., Over 80,000 direct and indirect jobs in California were supported by Tesla in 2021. Of these, more than 43,000 were the result of spending $1.6 billion with suppliers in California. For every 100 direct Tesla jobs, the supply chain supported an additional 50 jobs, and subsequent consumer activity supported an additional 68 jobs. Tesla paid $1 billion in federal, state, and local taxes on average between 2018 and 2021; in 2021, state and local taxes accounted for about $400 million of the total. Between 2018 and 2021, Tesla's average share of the state's gross state product (GSP) increased by 42%, outpacing the state's GSP growth of 16%. $16.6 billion in economic activity, or $44.4 million every day, was generated by the wages of Tesla and jobs related to Tesla.. Key drivers for this market are: Government Incentives: Tax breaks, rebates, and charging infrastructure investments stimulate electric vehicle adoption. Falling Battery Costs: Declining battery costs make electric vehicles more affordable and competitive.. Potential restraints include: Range Anxiety: Concerns about driving range and availability of charging stations hinder widespread adoption. Charging Infrastructure Discrepancies: Uneven distribution and limited availability of public charging stations pose challenges.. Notable trends are: Autonomous Driving Integration: Electric vehicles are becoming testbeds for autonomous driving technologies, enhancing safety and convenience. Battery Swapping Infrastructure: Swapping depleted batteries for charged ones is gaining popularity to address range anxiety..

The size and share of the market is categorized based on Type (Liquid, Solid, Paste) and Application (Passenger Cars, Commercial Vehicles) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The Electric Vehicles Market is segmented by Vehicle Type (Commercial Vehicles, Passenger Vehicles, Two-Wheelers), by Fuel Category (BEV, FCEV, HEV, PHEV) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

The Brazil portable electric vehicle charger market size reached USD 903.60 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 6,380.25 Million by 2033, exhibiting a growth rate (CAGR) of 22.46% during 2025-2033. The market is driven by the widespread adoption of electric vehicles, expansion of charging infrastructure, the rising consumer demand for portable charging solutions, government incentives for electric mobility, and ongoing advancements in fast-charging technology.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, current type, end-user and application.

According to Cognitive Market Research, the global Shared Mobility market size will be USD 312840 million in 2025. It will expand at a compound annual growth rate (CAGR) of 16.40% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 62568.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 57875.40 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 164241.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 17.1% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 10949.40 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 11262.24 million in 2025 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 5943.96 million in 2025. and will grow at a compound annual growth rate (CAGR) of 16.6% from 2025 to 2033.
Unorganized sector category is the fastest growing segment of the Shared Mobility industry

Market Dynamics of Shared Mobility Market

Key Drivers for Shared Mobility Market

Urbanization and Traffic Congestion Driving Demand to Boost Market Growth

The rapid pace of urbanization and increasing traffic congestion are major drivers of the Shared Mobility Market. As cities grow, rising vehicle ownership leads to overcrowded roads, longer commute times, and higher emissions. Shared mobility solutions, including ride-hailing, carsharing, bike-sharing, and micro-mobility services, offer a sustainable alternative by reducing the number of private vehicles on the road. Governments worldwide are actively promoting shared mobility through initiatives like dedicated ride-sharing lanes, congestion pricing, and public-private partnerships to ease urban traffic. Additionally, many city dwellers prefer on-demand mobility over car ownership due to the high costs associated with parking, maintenance, and insurance. Companies like Uber, Lyft, and BlaBlaCar are capitalizing on this trend, expanding services to accommodate growing demand. For instance, Grab announced the acquisition of Trans-cab, a taxi operator in Singapore. The acquisition incorporates Trans-cab's maintenance workshop, fuel pump operations, and car rental business. Additionally, the company will launch the Grab Driver application, which will be integrated into mobile display units in Trans-cab taxis.

https://www.grab.com/sg/press/others/grab-to-acquire-trans-cab-through-its-grabrentals-arm/

Rising Focus on Sustainability and Reduced Carbon Emissions to Boost Market Growth

The increasing global emphasis on sustainability and carbon footprint reduction is another key driver of the Shared Mobility Market. Governments and environmental organizations are pushing for cleaner transportation solutions to combat climate change and reduce greenhouse gas (GHG) emissions. Shared mobility services promote the efficient utilization of vehicles, decreasing overall fuel consumption and pollution levels. The integration of electric vehicles (EVs) in shared mobility fleets is further accelerating this transition, with companies investing in electric ride-hailing, e-bike, and e-scooter services. Policies like zero-emission zones, tax incentives for shared EV services, and stricter emission regulations are encouraging both users and providers to adopt eco-friendly mobility solutions.

Restraint Factor for the Shared Mobility Market

Infrastructure Limitations and Traffic Congestion Will Limit Market Growth

Many cities lack dedicated lanes, parking zones, and charging stations for shared mobility services, leading to operational inefficiencies and lower service reliability. In areas with poor road conditions or limited public transport integration, shared mobility solutions struggle to provide seamless connectivity, reducing user adoption rates. Additionally, high traffic congestion in urban centres affects ride-hailing efficiency, increasing travel times and costs, which discourages consumers from usi...

The India Electric Vehicle Market is segmented by Vehicle Type (Commercial Vehicles, Passenger Vehicles, Two-Wheelers) and by Fuel Category (FCEV, HEV). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

According to Cognitive Market Research, the global Electric Vehicle Cup market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The battery electric vehicles category is the fastest growing segment of the Electric Vehicle Cup industry

Market Dynamics of Electric Vehicle Cup Market

Key Drivers for Electric Vehicle Cup Market

Growing Adoption of Electric Vehicles to Boost Market Growth

The increasing adoption of electric vehicles (EVs) is a key driving factor for the Electric Vehicle Cup market. As consumers shift toward sustainable transportation options, the demand for EVs is steadily growing. This rise in EV adoption creates a need for compatible accessories, such as the Electric Vehicle Cup, which plays a crucial role in offering convenience and enhancing the user experience for EV owners. As electric vehicles become mainstream, the popularity of specialized EV accessories, including cups designed for use in EVs, is also expanding. The demand for eco-friendly, efficient, and practical accessories aligns with the broader trend of sustainability, driving the growth of the Electric Vehicle Cup market. With many automakers focusing on electric mobility solutions, this trend is expected to continue, boosting demand for innovative products that cater to EV users' needs.

Increased Focus on In-Car Convenience and Comfort to Drive Market Growth

As electric vehicle manufacturers emphasize improving the overall driving experience, the demand for in-car convenience products has surged. EV owners are seeking ways to enhance comfort, functionality, and style in their vehicles, which extends to accessories like the Electric Vehicle Cup. These cups are designed to cater specifically to the needs of EV drivers, offering features such as efficient storage, temperature control, and user-friendly design. With a focus on sustainability, many of these cups are also made from eco-friendly materials. As more consumers prioritize in-car comfort and aesthetics, the Electric Vehicle Cup market is poised for significant growth. This shift towards a more personalized and comfortable driving experience is influencing the development of products that complement the advanced technology found in electric vehicles, further driving the market's expansion.

Restraint Factor for the Electric Vehicle Cup Market

High Manufacturing Costs Will Limit Market Growth

The high manufacturing costs associated with Electric Vehicle (EV) Cups, which are specialized accessories for electric vehicles, pose a significant restraining factor. These cups are often designed with features that integrate with EV charging systems, insulation technology, or other advanced functionalities. The materials required for such innovation, including high-quality plastics, metals, or integrated electronics, tend to be expensive. Moreover, the need for precise manufacturing and adherence to automotive safety standards further raises production costs. These higher costs can lead to higher retail prices, limiting consumer demand, particularly in price-sensitive markets.

Impact of Covid-19 on the Electric Vehicle Cup Market

The COVID-19 pandemic had a notable impact on the Electric Vehicle (EV) Cup market, primarily due to disruptions in manufacturing and supply chains. During lockdowns, production facilities faced closures, limiting the availability of raw materials and halting the production of specialized EV accessories, including cups. Th...

The size of the Micro Mobility Market was valued at USD 114.15 billion in 2024 and is projected to reach USD 268.55 billion by 2033, with an expected CAGR of 13.00% during the forecast period. The Micro-Mobility Market is the use of small, lightweight vehicles, such as e-scooters, e-bikes, and shared electric vehicles, designed for short-distance transportation in urban environments. These vehicles are usually powered by electric motors and are highly efficient for individual, last-mile commutes. Key features include portability, energy efficiency, and low operational costs. Micro-mobility applications include urban commutes, recreational rides, and short-distance commutes, among others, satisfying the growing need for environmentally friendly alternatives to conventional modes of transport. Examples of technologies employed in micro-mobility vehicles are lithium-ion batteries, IoT connectivity for fleet management, and GPS navigation. Impact on the market: reduced urban congestion, carbon emission reduction, and sustainable transport solutions. The growth drivers for this market include increasing urbanization and the need for sustainable and flexible transport. Micro-mobility has the following advantages, such as the reduction of traffic congestion, the environmental impact being less, and cost-effectiveness for short distances. Its minimal space usage and quick mobility through dense traffic have been pivotal in fueling the expansion of this market over its traditional counterparts. With more cities embracing micro-mobility infrastructure, the market is going to grow even further, making urban transport solutions cleaner and smarter. Recent developments include: August 2022: Bird Global, Inc. enlarged into new US cities. Bird Global, Inc. announced that cities including San Diego, California; Memphis, Tennessee; and Newark, New Jersey; as well as Durham, North Carolina; and Louisville, Kentucky, will expand their shared e-mobility programs with Bird., August 2022: Lyft, Inc. signed a contract with Mexico City's Mobility Department. The partnership focused on providing the bikes, stations, rider app, rider website, and operating software to Mexico City's Mobility Department bike share system. The bike-share system is operating in the US, counting Citi Bike in New York, Capital Bike-share in Washington DC, Divvy in Chicago, and other areas. It helps Lyft, Inc. to enhance its presence and increase its brand name., March 2022: Lime linked a partner with Aspiration, which focuses on sustainability as a service" platform to give riders a simple, automated way to stand against climate change. The partnership supports the company to further contribute to decarbonization by funding the planting of a tree for each ride through Aspiration's reforestation initiative., Mazda and Micro share a vision of a sustainable urban mobility, launching a stylish, compact and handy e-scooter. The 10-kilo gram Micro Commuter is particularly suitable for commuters and short-distance riders who place a lot of value on portability. The motor of the Micro Commuter has a maximum power of up to 250 W and accelerates the e-scooter briskly to 20 km/h., Pride Mobility Launches travel mobility lineup with the new Go Go® Endurance Li*. What sets the Endurance Li apart from other scooters is the incorporation of lithium-ion batteries.. Notable trends are: Micro Mobility Drivers to boost the market growth.

The Electric Vehicle Sensors Market was valued at $3.35 billion in 2022, and it is expected to grow at a CAGR of 15.14% and reach $18.64 billion by 2033.

The global smart mobility market size is expected to grow from USD 48.7 billion in 2022 to USD 243 billion by 2030, at a CAGR of 19.55% from 2023-2030

The Electric Vehicle Relay Market size was valued at USD 3.18 USD Billion in 2023 and is projected to reach USD 9.32 USD Billion by 2032, exhibiting a CAGR of 16.6 % during the forecast period. The electric vehicle relay is the basic component in an electric vehicle that acts as a switch for a high-voltage circuit. Its main use is in handling the flow of electric power from the battery to other systems in the vehicle, such as the motor and charger, and to auxiliary systems. Several types of EVRs include contactors and solid-state relays, which provide very different performance advantages such as operational performance and efficiency. Typically, EVRs consist of coils, contacts, and control circuitry; all these guarantee smooth operation and safety by controlling power distribution. Advantages of EVRs include increased reliability, decreased consumption of energy, and better safety features, which increase the efficiency of the EV systems and their service life. Recent market trends indicate high demand for EVRs with higher control capabilities, compact sizes, and integration with smart vehicle networking in the ever-changing landscape of electric mobility. Key drivers for this market are: Increasing Demand for Forged Products in Power, Agriculture, Aerospace, and Defense to Drive Industry Expansion. Potential restraints include: Inconsistency in Design and Limited Switching Capacity May Hamper the Market Growth. Notable trends are: Rising Adoption of Automation in Manufacturing to Drive Market Growth.