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Global Electric Mobility Market Size, Analysis: By Type: Battery Operated Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle; By Vehicle Type: Passenger Electric Vehicle, Commercial Electric Vehicle; By Components: Electric Motor, Battery, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Electric Mobility Market Outlook
The global electric mobility market reached USD 259.20 billion in 2023 and is expected to grow at a CAGR of 20% during the forecast period of 2024-2032 to attain USD 1,337.72 billion by 2032.
Technological and social change is taking place in the automotive industry. This is driven primarily by the increasing awareness of the lower operating and maintenance costs of EVs, coupled with their ability to reduce harmful emissions contributing to the global warming. Over the coming years, these favourable trends are likely to work well for the EVs market, thus, driving the electric mobility market growth.
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Market Segmentation
Electric mobility refers to all vehicles powered by an electric motor or those mainly driven by the power grid. Electric mobility includes all-electric vehicles, including electric vehicles operated by batteries, hybrid electric vehicles plug-in, and hybrid electric vehicles. Electric mobility is primarily a vehicle with low or zero emissions, which contributes significantly to a greener world by reducing carbon emissions.
The electric mobility market can be broadly categorised based on its types, vehicle types, and components.
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Based on its types, the electric mobility market can be segmented into:
- Battery Operated Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Hybrid Electric Vehicle
On the basis of vehicle types, the industry can be broadly categorised into:
- Passenger Electric Vehicle
- Commercial Electric Vehicle
Based on the components, the industry is divided into:
- Electric Motor
- Battery
- Others
The EMR report looks into the regional markets of electric mobility like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
Concerns about the ever-increasing greenhouse gas and carbon footprint of the automobile and transportation industries are urging regulatory bodies at the global and state level to enact policies that promote the adoption of energy-efficient vehicles. Also, the organic growth of mobility-as-a-service (MaaS) and the steadily declining costs of high-capacity Li-Ion batteries, which in turn reduces total vehicle costs, are driving the increased electric vehicle (EV) adoption. These factors are expected to drive the growth of the electric mobility market.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global electric mobility market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Nissan Motor Co., Ltd
- Tesla, Inc. (NASDAQ: TSLA)
- Toyota Motor Corporation
- Groupe Renault
- General Motors
- Ford Motor Company
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Vehicle Type |
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| Breakup by Components |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electric Mobility Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Mobility Historical Market (2018-2023)
8.3 Global Electric Mobility Market Forecast (2024-2032)
8.4 Global Electric Mobility Market by Type
8.4.1 Battery Operated Electric Vehicle
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Plug-in Hybrid Electric Vehicle
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hybrid Electric Vehicle
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Electric Mobility Market by Vehicle Type
8.5.1 Passenger Electric Vehicle
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial Electric Vehicle
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Electric Mobility Market by Component
8.6.1 Electric Motor
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Battery
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Electric Mobility Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Electric Mobility Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Electric Mobility Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Electric Mobility Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Electric Mobility Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Electric Mobility Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nissan Motor Co., Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Tesla, Inc. (NASDAQ: TSLA)
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Toyota Motor Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Groupe Renault
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 General Motors
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Ford Motor Company
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Mobility Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Mobility Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Electric Mobility Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Electric Mobility Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
5. Global Electric Mobility Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
6. Global Electric Mobility Historical Market: Breakup by Component (USD Billion), 2018-2023
7. Global Electric Mobility Market Forecast: Breakup by Component (USD Billion), 2024-2032
8. Global Electric Mobility Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Electric Mobility Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Electric Mobility Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Electric Mobility Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Electric Mobility Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Electric Mobility Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Electric Mobility Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Electric Mobility Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Electric Mobility Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Electric Mobility Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Electric Mobility Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Electric Mobility Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Electric Mobility Market Structure
Key Questions Answered in the Report
In 2023, the global electric mobility market attained a value of nearly USD 259.20 billion.
The market is projected to grow at a CAGR of 20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1,337.72 billion by 2032.
The major drivers expected to aid market growth are the growing automotive industry, rising disposable incomes, increasing environmental concern, stringent regulatory policies, and increasing technological advancements.
The growing adoption of electric vehicles to reduce carbon footprint and increasing popularity of mobility-as-a-service (MaaS) are the key trends guiding the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Battery operated electric vehicle, plug-in hybrid electric vehicle, and hybrid electric vehicles are the leading electric mobility types in the market.
The significant vehicle types of electric mobility in the market include passenger electric vehicle and commercial electric vehicles.
Electric motor, and battery, among others, are the major components of the product in the market.
The major players in the market are Nissan Motor Co., Ltd, Tesla, Inc., Toyota Motor Corporation, Groupe Renault, General Motors, and Ford Motor Company, among others.
Analyst Review
The global electric mobility market attained a value of USD 259.20 billion in 2023, driven by the rapid technological advancements and favourable government initiatives. Aided by the increasing sales of electric vehicles, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 20%. The industry is projected to reach USD 1,337.72 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the industry can be segmented into battery operated, plug-in hybrid, and hybrid electric vehicles. On the basis of vehicle type, the industry is bifurcated into passenger and commercial electric vehicles. By components, the industry is categorised into electric motor, and battery, among others. The major regional markets for electric mobility are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Nissan Motor Co., Ltd, Tesla, Inc. (NASDAQ: TSLA), Toyota Motor Corporation, Groupe Renault, General Motors, and Ford Motor Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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