Electric-Mobility Service Market To Cross $78,898.3 Million by 2030, due to Low Ownership Costs


Posted August 11, 2023 by PSMarketResearch12

The global electric (e)-mobility service market is projected to reach $78,898.3 million by 2030, from $3,189.8 million in 2019, at a 40.7% CAGR between 2020 and 2030. Compared to the cost of fuel, the expenses for charging an EV are quite low.
 
To make sure the COVID-19 situation does not worsen than it already is, numerous countries have put a restriction on the movement of people for non-essential purposes. This has not only caused a dip in the demand for shared rides, but also in an acute driver shortage, thereby affecting the e-mobility service market negatively.

E-Mobility Service Market Segmentation Analysis

The ride-hailing category, under the service type segment, would dominate the e-mobility service market in 2030, because of the strong efforts being put in by major ride-hailing firms, such as Beijing Xiaoju Technology Co. Ltd. and Uber Technologies Inc., to electrify their fleet.

The daily commuting category, based on commuting pattern, would experience the highest CAGR in the e-mobility service market, of over 40%, owing to the rising usage of such services by young professionals and students, to travel between home and college/office. Moreover, the younger population is more conscious about the environment and reeling under the rising fuel prices, therefore prefers to use e-mobility services for daily commuting.

E-Mobility Services Market Research Report@ https://www.psmarketresearch.com/market-analysis/electric-e-mobility-service-market

Presently, the highest adoption of e-mobility services is witnessed in Asia-Pacific (APAC), as, being highly polluted, regional countries, especially China, are taking initiatives to encourage shared e-mobility. The Latin American, Middle Eastern, and African (LAMEA) region is expected to experience the most rapid e-mobility service market advance, as the penetration of EVs is quickly increasing in Brazil and Mexico, driven by government initiatives. In addition, the region is also witnessing the entry of e-mobility giants, including Localiza Rent a Car SA and Ekar FZ LLC.

Partnerships Allowing Market Players to Offer Better Services

In recent years, partnerships have become a preferred way for companies in the e-mobility service market to enhance their customer reach, by:

• Jointly developing electric air taxis and personal air vehicles (PAV)
• Raising funding and securing delivery of electric bikes
• Allowing users to rent the latest electric cars of reputable automakers
• Offering cost-effective e-bike sharing services
• Installing EV charging stations for their drivers and the public

The major players in the global e-mobility service market are Bird Rides Inc. (Bird), Neutron Holdings Inc. (Lime), Cityscoot SAS, Donkey Republic ApS (Donkey Republic), Uber Technologies Inc., ANI Technologies Pvt. Ltd. (Ola), Grab Holdings Inc., Beijing Xiaoju Technology Co. Ltd. (Didi Chuxing), Enterprise Holdings Inc., and car2go N.A. LLC.
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Last Updated August 11, 2023