The Electric Mobility Market Is Expected to Grow at A Significant Growth Rate, And the Analysis Period Is 2022-2028, Considering the Base Year As 2021.
Electric mobility encompasses the use of electric cars, e-bikes, e-buses, e-trucks, and motorbikes for transportation, offering benefits for both short and long distances. It enhances the quality of life by eliminating toxic gas emissions and reducing greenhouse gases, mitigating climate change. The increasing awareness of climate change has led to a preference for electric vehicles over petrol-powered ones. The automotive electrification trend and evolving economy of electric vehicles have resulted in a significant surge in sales. The support of governments worldwide for electric vehicle development and their efforts to raise awareness about global warming is expected to further drive the growth of the electric mobility market. According to the International Energy Agency (IEA), global electric vehicle sales exceeded 3 million units in 2020.
Top Key Players Covered in The Electric Mobility Market:
- Vmoto Limited ABN (Australia)
- Tesla (US)
- Terra Motors (Japan)
- Continental AG (Germany)
- ALTA MOTORS (USA)
- Accell Group (Netherlands)
- Nissan Motor Corporation (Japan)
- Zero Motorcycles Inc. (US)
- Kinetic Green Energy & Power Solutions Ltd. (India) And Other Major Players.
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Market Dynamics and Factors:
The growing adoption of electric vehicles (EVs) is a significant driver for the electric mobility market. EVs, including cars, bikes, buses, and trucks, offer a sustainable solution for transportation by eliminating the emission of toxic gases. This not only improves the quality of life but also helps combat climate change by reducing greenhouse gas emissions. As people become more aware of the environmental impact of traditional fuel vehicles, they are increasingly opting for EVs. This increased adoption of EVs is expected to fuel the growth of the electric mobility market in the coming years.
The introduction of new and appealing electric vehicle models by automobile industries presents a significant opportunity for the electric mobility market. These fresh and attractive models not only cater to the growing demand for electric vehicles but also attract a wider range of consumers who are looking for stylish, high-performance, and environmentally friendly transportation options. With advancements in technology and design, these new models offer an improved range, faster-charging capabilities, and enhanced features, making electric vehicles more practical and appealing for both short and long-distance travel.
The Electric Mobility Market Report Highlight:
- By product type, the electric motorcycle segment is anticipated to dominate the market over the forecast period. Electric motorcycles, or e-motorcycles, are two-wheeled vehicles powered by electric motors instead of traditional internal combustion engines. Electric motorcycles provide smooth and quiet rides, with instant torque and responsive acceleration.
- By battery type, the Li-ion battery segment is expected to dominate the market over the forecast period. Lithium-ion batteries are a type of rechargeable battery that has gained widespread popularity and usage in various industries.
- By voltage type, the 24V segment is anticipated to dominate the market over the forecast period. 24V is a commonly used voltage level in various electrical systems and applications. It refers to a direct current (DC) voltage of 24 volts.
- Asia Pacific region is expected to dominate the market over the forecast period. The electric mobility market in the Asia-Pacific (APAC) region is rapidly growing. Government initiatives, incentives, and infrastructure development are fueling the adoption of electric vehicles (EVs) in countries like China and India. The presence of major EV manufacturers, advancements in technology, and rising consumer awareness about sustainability are key factors driving the expansion of the APAC electric mobility market.
Key Industry Development:
In April 2023, Continental and Aurora Partner to Realize Commercially Scalable Autonomous Trucking Systems. The organizations will jointly design, develop, validate, deliver, and service the scalable autonomous system for the trucking industry. The system is expected to be available for carriers and commercial fleet operators across the U.S. and to help reduce costs to facilitate broader adoption.
Electric Mobility Market Segmentation:
By Product Type
- Electric Bicycle
- Electric Car
- Electric Motorcycle
- Electric Scooter
By Battery Type
- Sealed Lead Acid
By Voltage Type
- Less than 24V
- Greater than 48V
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For this report, Introspective Market Research has segmented the Electric Mobility Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- The Czech Republic
- Rest of Eastern Europe
- Rest of Western Europe
- South Korea
- The Philippines
- New Zealand
- Rest of APAC
Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of SA
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Scope of the Report:
The latest research on the Electric Mobility market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Electric Mobility industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Electric Mobility market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
What makes the information worth buying?
- A comprehensive and in-depth overview of the global Electric Mobility industry in exchange, use, and geographical area sectors is provided.
- This research looks at the industry rewards and constraints that influence industry growth.
- Developing business strategies and aspects to aid in an emerging market.
- Examining free markets and developing appropriate strategies.
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