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E-Mobility

Gartner defines electro-mobility, or e-mobility for short, as the use of electric powertrain technologies, IT technologies, and connected infrastructures to move a vehicle. Powertrain technologies include fully electric vehicles, plug-in hybrids, as well as hydrogen fuel cell vehicles that convert hydrogen into electricity. 

E-Mobility forecasted to be 2.3 trillion market by 2030

The image of an electric vehicle, or EV, probably comes to mind when we talk about e-MobilityThe rise of electric vehicles has been talked about in these recent years. Euromonitor reported the registration of EVs has grown more than triple between the years 2017 to 2021, from 3.7 million units to 11.8 million units. It is clearly a fast-growing market.

However, it is important to remember that e-mobility is much more than just passenger cars. The development of e-mobility should also be accompanied by the development of transportation in all forms: public transport, car sharing, e-bikes, bike paths, pedestrian areas, and others because reworking the mobility network means revolutionizing the culture that influences how people choose their mode of transportation. Next Move Strategy Consulting reported the e-Mobility market size has reached USD 279 billion in 2021 and is anticipated to grow eightfold by 2030 to reach USD 2.3 trillion.  

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Global e-mobility market insights
Global e-mobility market insights

E-Mobility forecasted to be 2.3 trillion market by 2030

The image of an electric vehicle, or EV, probably comes to mind when we talk about e-MobilityThe rise of electric vehicles has been talked about in these recent years. Euromonitor reported the registration of EVs has grown more than triple between the years 2017 to 2021, from 3.7 million units to 11.8 million units. It is clearly a fast-growing market.

However, it is important to remember that e-mobility is much more than just passenger cars. The development of e-mobility should also be accompanied by the development of transportation in all forms: public transport, car sharing, e-bikes, bike paths, pedestrian areas, and others because reworking the mobility network means revolutionizing the culture that influences how people choose their mode of transportation. Next Move Strategy Consulting reported the e-Mobility market size has reached USD 279 billion in 2021 and is anticipated to grow eightfold by 2030 to reach USD 2.3 trillion.  

Browse e-Mobility market insights in Statzon
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Electric Vehicles

Electric Vehicle registrations have increased trifold in past four years. The market is rapidly growing and Next Move Strategy Consulting is forecasting the market volume to reach 38 Million units by 2030.

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Batteries

The cost of the battery accounts for 35%-45% of the EV’s sticker price. Markets and Markets forecasted the market size for EV batteries will grow tremendously from USD 27.2 billion in 2021 to USD 84.2 in 2026.

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EV Charging

Charging station is one important infrastructure for e-mobility. Based on Apollo Research report, we can expect the market for EV’s charging stations to grow from USD 7.9 billion in 2022 to USD 32.2 billion in 2032.

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Electric Scooters

The Electric Scooter market is rapidly growing. In 2021 Next Move Strategy Consulting estimated the market to be USD 51 billion, and it is forecasted to reach USD 389 billion by 2030

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