Electric Mobility Services Market Statistics, Development and Growth 2030

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E-Mobility Services Market Trends, Segmentation,
Key Players And Forecast
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Haze and smog, which were earlier predominantly
winter phenomena, are now becoming common during
summers too. The reason behind this is the
increasing amount of greenhouse gas (GHG) being
emitted from power plants, factories, houses, and
vehicles. As air pollution is directly tied to
respiratory diseases, such as asthma, lung
cancer, cystic fibrosis, and chronic obstructive
pulmonary disease (COPD), countries around the
world have begun taking initiatives to achieve a
carbon-free economy. This is the primary reason
that, as per PS Intelligence, will propel the
e-mobility services market from 3,189.8 million
in 2019 to 78,898.3 million in 2030, at an
explosive 40.7 CAGR during 20202030 (forecast
period). The concept relates to the provision of
shared transportation services exclusively via
electric vehicles (EV). As these automobiles are
a lot less polluting than conventional petrol
and diesel alternatives, they are being promoted
around the world. Countries are offering
substantial incentives, purchase subsidies, and
tax rebates to the buyers of these
vehicles. Another factor driving the popularity
of e-mobility is the lower operating costs of EVs
than conventional automobiles. Compared to the
latter, EVs have a simpler drivetrain, which
leads to easier and cost-effective maintenance.
Moreover, electricity is cheaper than gasoline
and diesel, thereby offering mobility service
providers bigger cost advantages. Further, with
the declining prices of lithium-ion (Li-ion)
battery packs, the cost of EVs is expected to
reach parity with those of conventional
automobiles. All such cost advantages for fleet
operators are expected to translate into cheaper
transportation services for people. Two-wheeler
sharing, ride-hailing, carsharing, and car rental
are the various categories when the market is
segmented based on service type. Among these, the
two-wheeler sharing category held the largest
share in the e-mobility services market in 2019,
as these services are cost-effective,
convenient, and time-saving. Additionally,
two-wheeler sharing is being considered
important in solving the issue of first- and
last-mile commute. The rise-hailing category is
predicted to witness the fastest growth during
the forecast period due to service providers
rapidly including EVs in their fleets. These
services are availed of for occasional
commuting,daily commuting, last-mile
connectivity,and other purposes. Most people opt
for e-mobility for last-mile commuting, such as
between their home, college, or office and bus
stop or metro station. However, in the coming
years, the popularity of these services among
daily commuters will rise at a rapid rate too.
Young professionals and students are shunning
their personal vehicles and going for shared
mobility to save costs and ownership hassles.
With the availability of EVs, the services are
becoming cheaper. Additionally, with even
automakers entering the shared mobility space
with their own EV fleets, the availability of
these services is expected to become easier. For
instance, at the 2018 Consumer Electronics Show,
Toyota Motor Corp. announced plans to enter the
e-mobility space and by 2020, launch the
e-Palette self-driving EVs for the services.
Similarly, service providers are partnering with
government agencies to set up charging stations,
the lack of which is one of the major challenges
for mass EV adoption. For instance, in November
2019, Bombay Suburban Electric Supply (BSES) and
ANI Technologies Pvt. Ltd. (Ola Electric) came
together for installing charging infrastructure
in Delhi.
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Owing to such initiatives, Asia-Pacific (APAC)
dominated the e-mobility services market during
the historical period (20142019), and it will
continue doing so till 2030. China is the
largest producer and user of EVs in the world,
driven by the stringent government emission
control targets and strong support for clean-fuel
automobiles. Moreover, China also manufactures
Li-ion batteries in the largest numbers, which is
a key reason behind the relative
cost-effectiveness of EVs here compared to the
rest of the world. Hence, with governments going
all out to reduce GHG emissions and clean up the
environment, the popularity of the e-mobility
concept is bound to increase. Market
Segmentation by Service Type Two-Wheeler Sharing
Bike sharing Kick scooter sharing Scooter
sharing Ride-Hailing Economic Executive Luxury
Carsharing Peer-to-peer (P2P) Round-trip One-way
Car Rental Local Airport Outstation Market
Segmentation by Vehicle Type Two-Wheeler
Passenger Car Battery electric vehicle
(BEV) Plug-in hybrid electric vehicle
(PHEV) Market Segmentation by Commuting
Pattern Daily Commuting Last-Mile Connectivity
Occasional Commuting Others Market Segmentation
by End Use Personal Business Market
Segmentation by Region North America e-mobility
services market By service type By vehicle
type By commuting pattern By end use By country
U.S. and Canada Europe e-mobility services
market By service type
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• By vehicle type
• By commuting pattern By end use
• By country Germany, U.K., Spain, France, Italy,
  Netherlands, and Rest of Europe APAC e-mobility
  services market
• By service type By vehicle type
• By commuting pattern By end use
• By country China, Japan, India, Australia, and
  Rest of APAC LAMEA e-mobility services market
• By service type By vehicle type
• By commuting pattern By end use
• By country Brazil, Mexico, and Rest of LAMEA
• This study covers
• Historical and the present size of the E-Mobility
  Services Market
• Major factors driving the market and their impact
  during the short, medium, and long terms
• Market restraints and their impact during the
  short, medium, and long terms
• Recent trends and evolving opportunities for the
  market participants
• Historical and the present size of the market
  segments and understand their comparative future
  potential
• Potential of on-demand logistics services, so the
  market players make informed decisions on the
  sales of their offerings
• Competitive scenario of various market segments
  across key countries in several regions for
  uncovering market opportunities for the
  stakeholders

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