Electric mobility applies to all automobiles driven mainly by an electric motor or collecting energy or control from the electricity grid. Dynamic mobility covers all-electric vehicles that include renewable motor, hybrid plug-in and lithium hybrid. Mainly low-or no-emission electric mobility is a vehicle, which significantly contributes to greener environments by reducing carbon emissions.
Market Insights
A significant factor that is expected to drive the e-mobility markets over the forecast timeframe is the exponential increase in demand for and sales of electric cars in developing countries due to concern about high air pollution. Another significant factor which is expected to boost the electric mobility market in the forecast period is the rise in the use of electric mobility for business purposes, such as taxis throughout the world, particularly in countries such as China and the United States, together with the growth in demand for alternative fuel vehicles. The lack of charging stations and the higher costs of electrical mobility, however, will probably limit the market for electric mobility in the forecast period. The car manufacturer actively launches E-car models. General Motors, for example, intends to introduce 100 E-car models by 2020.
Regional Stance
The global electric mobility market is expected to dominate in economies such as China and Japan due to the higher rate of adoption of EVs, specifically electric bicycles and electric scooters. This is due to higher emissions and rapidly rising fuel prices. In terms of both production and sales of EVs, Asian economies such as China and Japan also rank among the leaders. In addition, China is expected to dominate the regional market over the forecast period, as China fulfills most of the demand for EVs.
The BEVs in European countries will be powered quickly by fast improvements in the European battery-charging network for BEVs. Initiatives to prohibit the sale of new diesel or gas cars by 2030, for example, is pursued by EU member states, such as France, Denmark, Ireland and Netherlands. The electric mobility business in the area should be guided by such factors.
Report coverage
The market research study on “Electric Mobility Market (Electric Mobility Market By Type: Hybrid, Battery Operated, Plug-In Hybrid; Electric Mobility Market By Vehicle Type: Commercial Vehicles, Passenger Cars; Electric Mobility Market By Application: Battery, Electric Motor, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026" offers a detailed insights on the global Electric Mobility market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report also provides a competitive landscape to understand the current stance of a particular player. The report provides insights on the global Electric Mobility market, its usage mode of type, vehicle type, component, and major geographic regions. The report covers global Electric Mobility market size, and segment markets by usage, by type, vehicle type, component, and geography along with the information on companies operating in the market. The Electric Mobility market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of the report.
The global Electric Mobility market is segmented as below:
Market Segmentation
Electric Mobility Market By Type
- Hybrid
- Battery Operated
- Plug-In Hybrid
Electric Mobility Market By Vehicle Type
- Commercial Vehicles
- Passenger Cars
Electric Mobility Market By Component
- Battery
- Electric Motor
- Other
Electric Mobility Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
The number of players in the Electric Mobility market around the world is increasing steadily. Participants include major global players such as Tesla, Inc., BYD Company Limited., General Motors, Toyota Motor Corporation., Nissan Motor Corporation., Ford Motor Company, Renault, Hyundai Motor Company, BMW, AB Volvo, Daimler AG, Mitsubishi Motors Corporation, Honda Motor Co., Ltd., Tata Motors, and Others.
In addition, start-ups and new entrants with innovative ideas and innovations challenge leading players who, in effect, succeed at creating a competitive market position by using their expertise and experiences. Key electric mobility companies launch advanced products to address the growing needs of customers. Moreover, leading players in the industry work with regional players to increase their customer base and continuously develop their business proposition.
