Electric Mobility Market is projected to expand at a steady CAGR over the forecast by 2031 |  Tesla Inc., Nissan Motor Corporation, BMW Motorrad, General Motors Company.

The Global Electric Mobility Market Report by Global Insight Services is the single and trusted source of information for the Electric Mobility Market. This report provides an analysis of the market impact of the latest market disruptions such as the Russian-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. The report includes in-depth segmentation and market size data by category, product type, application, and region. The report also includes a comprehensive analysis of recent events such as key issues, trends and drivers, restraints and challenges, competitive landscape, and M&A activity in the market.

Electric mobility is the movement of people or goods using electrically powered vehicles, such as electric cars, bicycles, and trains. The term is often used in the context of sustainable transportation, as electric vehicles emit no or very low levels of greenhouse gases and air pollution.

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Key Trends

There are a few key trends in electric mobility technology:

1. Increased range and performance: Electric vehicles are becoming more and more capable, with many new models having a range of over 200 miles on a single charge.

2. More affordable prices: Electric vehicles are becoming more affordable as prices continue to drop. Many new models are now available for under $30,000, making them more accessible to a wider range of consumers.

3. Improved infrastructure: The charging infrastructure for electric vehicles is also improving, with more public charging stations being installed in cities and towns across the country. This is making it easier for people to own and operate an electric vehicle.

Key Drivers

There are several key drivers of the electric mobility market.

Firstly, electric vehicles (EVs) offer a more sustainable and environmentally friendly option than traditional petrol or diesel cars. EVs produce zero emissions, which helps to improve air quality and reduce greenhouse gas emissions.

Secondly, EVs are becoming increasingly affordable as technology improves and battery prices continue to fall. This is making EVs a more attractive option for consumers, especially in light of rising fuel prices.

Finally, the range and performance of EVs are improving all the time, making them a viable option for longer journeys and more demanding driving conditions.

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Market Segments

The electric mobility market is segmented by product, battery, and region. By product, the market is classified into electric cars, electric motorcycles, and others. Based on the battery, it is bifurcated into sealed lead acid, and Li-ion. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The global electric mobility market includes players such as Tesla Inc., Nissan Motor Corporation, BMW Motorrad, General Motors Company, Honda Motor Company Ltd., BYD Company Ltd., Accell Group, Volkswagen AG, Zero Motorcycles Inc., Ford Motor Company, and others.

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