How Big Is the Electric Mobility Market

Q: How big is the electric mobility market size?

The electric mobility market is expected to reach USD 426.1 billion by 2031.

Q: What is the CAGR of the electric mobility market?

The electric mobility market is projected to grow at a CAGR of 18.1% during the forecast period.

Q: Which regions are leading in electric mobility adoption?

Asia-Pacific, particularly China and India, followed by Europe and North America, are leading in EV adoption and infrastructure deployment.

Q: What are the main challenges in the electric mobility market?

The challenges are high initial vehicle costs, limited charging infrastructure, and battery recycling.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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How Big Is the Electric Mobility Market | Segmentation 2031

Code: MTA5796

Publication Date: Jul 2025

How big is the electric mobility market?

According to 绿帽社 internal database and industry insights, the Global Electric Mobility Market was valued at approximately USD 132.5 billion in 2024 and is projected to reach USD 426.1 billion by 2031, growing at a CAGR of 18.1% during the forecast period.

This growth is largely due to the rapid transition to environmentally friendly transportation, advantageous government incentives, growing EV infrastructure, and advancements in battery technology. The adoption of electric mobility solutions, such as electric cars, scooters, and public transportation systems, is being further accelerated by urbanization and smart city initiatives.

Key Growth Factors of the Electric Mobility Market

Government subsidies and stricter emission regulations worldwide
Rising fuel prices and consumer preference for cost-efficient transport
Technological advances in lithium-ion battery and charging infrastructure
Expansion of ride-sharing and electric public transport fleets
Growing investments by automakers in electric vehicle R&D

Electric Mobility Market Trends

The electric mobility market is seeing a surge in shared mobility solutions and on-demand electric ride services. Battery swapping technology and ultra-fast charging stations are gaining traction. Automakers are launching long-range EV models with integrated IoT and smart diagnostics. Furthermore, cities are building EV-ready infrastructure as part of their smart mobility planning.

Emerging Developments in the Electric Mobility Market

Start-ups are entering the market with innovative electric two-wheelers and last-mile delivery vehicles. Integration of V2G (Vehicle-to-Grid) systems is being explored for grid stability. Battery-as-a-Service (BaaS) business models are rising, enabling cost-effective EV adoption for fleet operators and individuals. Worldwide partnerships are being formed between battery tech firms and mobility platforms.