E-Mobility Services Market by Service Type (Two-Wheeler Sharing, Ride-Hailing, Carsharing and Car Rental), Vehicle Type (Two-Wheelers and Passenger Cars), Commuting Pattern (Daily Commuting, Last Mile Commuting, and Occasional Commuting), and End Use (Personal and Professional/Business) – Global Opportunity Analysis and Industry Forecast 2022-2030

Market Overview:

The global E-Mobility Services Market size was valued at USD 3.30 billion in 2021, and is predicted to reach USD 65.81 billion by 2030, with a CAGR of 35.7% from 2022 to 2030.

E-mobility services are offerings that provide different services to customers using electric vehicles. An EMS can support a huge number of charging stations around a certain area where a fleet is based and where the capacity is needed. 

If one decides to use the service of an EMSP, they will be registered into the E-Mobility Service Providers (EMSP) system to use the charging infrastructure via a charging card or app. Electric mobility as a service combines mobility as a service (MaaS), electric mobility systems (EMS), and shared electric mobility services (SEMS).

Increasing Sales of Electric Vehicles Propels the Growth E-mobility Services Market

According to the International Energy Agency, number of electric cars, buses, vans, and heavy trucks on roads is expected to reach 145 million by 2030. It also states that roughly three million new electric cars were registered in 2020. The rise in demand for electric vehicles is attributed to the high prices of fossil fuels, along with rise in awareness related to environmental pollution. 

Factors such as rise in demand for high-performance & low-emission vehicles, stringent government rules & regulations toward vehicle emission, reduction in the cost of electric vehicle batteries, and increase in fuel costs supplement the electric vehicle market growth.

In addition, several automotive manufacturers such as Volkswagen, Tesla, and Peterbilt that are engaged in R&D activities for the development of electric vehicles further boost the market growth. For instance, in April 2021, Volkswagen unveiled a 7-seater EV ID.6 Crozz and ID.6 X produced along with FAW and SAIC in China. It comes in two battery versions, 58 kWh and 77 kWh. 

Moreover, in January 2020, Peterbilt Motors Company and Dana Incorporated announced their collaboration on electric powertrain development for Peterbilt Model 220EV battery electric vehicles. The 220EV features a range from 100 to 200 miles. Thus, an increase in a number of electric vehicles requires better servicing facilities, which propel growth of the e-mobility services market.

Rise in Adoption of Electric Micro-Mobility Boost the Market Growth

The ongoing trend for the adoption of electric micro-mobility is expected to thrive in the long term. With extensive social distancing guidelines, disrupted public transport worldwide, and higher awareness regarding environmental concerns and personal hygiene, consumers prefer to utilize electrical micro-mobility products, such as electric bikes and e-scooters, rather than public transportation for short commute. 

Moreover, rise in fuel prices and stringent emission norms also the support development of electric micro-mobility globally. Governments across the globe are also promoting the adoption of electric micro-mobility to fight climate change and become carbon neutral. For instance, in April 2020, Milan introduced an ambitious scheme to reallocate 35 km of streets for cycling amid the pandemic; these streets were previously used by cars. 

In addition, increasing level of road traffic and a decrease in lithium-ion battery price increases adoption of electric the micro-mobility. Furthermore, automakers focus on specially designed electric two-wheelers and low-speed vehicles for emerging economies that boost market growth. For instance, in August 2021, Ola, launched S1pro and S1 electric scooter models in India at a competitive price. The company intends to cater to growing the electric micro-mobility demand in India.

Scarcity of Semiconductor Chips Across the Globe

In 2021, the semiconductor chip shortage led to the loss of approximately USD 200 billion in the global automotive industry. These shortages forced several original equipment manufacturers (OEMs) to slow down production, while some even halted production activities and extended the waiting period of popular, feature-rich, and high-end passenger vehicle models. 

The automotive industry suffered a huge loss across the globe, owing to the scarcity of semiconductors as they are used in automotive for performing several functions such as automotive sensing, safety features, power management, displaying information, and control of vehicles. Shortage of semiconductors slowed down auto production and forced temporary closures of numerous assembly plants around the globe.

According to KPMG International’s 2021 annual survey of automotive executives, the majority of executives (more than 50%) were concerned about a range of issues affecting supply chain including price volatility as well as availability of semiconductors and commodities. Thus, scarcity of semiconductors is a factor that restrains the growth of the e-mobility services market during the forecast period.

Rise in Awareness Regarding Carbon Neutrality Creates Growth Opportunities for the Market

The term “Carbon-neutral” refers to practices to produce a net-zero amount of carbon dioxide. Most countries in the world have agreed to attain carbon neutrality by 2050. Most countries in the world have agreed to attain carbon neutrality by 2050. European Union, the UK, Japan, the Republic of Korea, and more than 110 countries have done the same and China had pledged to attain it before 2060. 

Almost all leading automakers have already pledged to become carbon neutral in the future. They intend to stop manufacturing fossil fuel-powered vehicles and electrify their entire product portfolio. Therefore, automakers have focused on rapid electrification, which is expected to create ample growth opportunities for the e-mobility services market in the upcoming years.

Geographical Analysis

Asia-Pacific holds a major share of the e-mobility services market, and is expected to continue its dominance during the forecast period. This is attributed to factors such as several government initiatives for development of EV charging infrastructure, along with rise in sales of electric vehicles. For instance, in January 2022, China announced plans to expand its charging infrastructure to accommodate growing fleet of electric vehicles. 

Chinese govt had stated that by the end of 2025, the country will have a demand for 20 million electric vehicles. In addition, the government of Japan provided a total of USD 911 million in subsidies to build EV charging stations and stimulate the development of the electric vehicle market. Moreover, the deployment of EVs by shared mobility operators and an increase in EV manufacturing capabilities drive the e-mobility services market growth.

Furthermore, the rise in the number of operators providing ride-sharing and ride-hailing services further boosts the market growth in this region. For instance, in November 2020, Enel X launched e-Mobility services in China. The company had offered e-Mobility services to customers willing to join the green transition, making a positive contribution to cleaner and more sustainable transportation

On the other hand, North America is expected to show a steady rise in the e-mobility services market owing to the emphasis by government bodies on EV infrastructure across the region. For instance, in June 2022, the U.S. Transportation Department (USDOT) proposed minimum standards and requirements for EV charging projects funded under a USD 5 billion government program. 

Furthermore, factors such as an increase in smart city initiatives, growth in the adoption of on-demand mobility services, the need to reduce CO2 emissions, improved 4G/5G infrastructure, and penetration of smartphones boosts the market growth. For instance, in the U.S., the Corporate Average Fuel Economy (CAFÉ) standards focus on the increase in the adoption of energy-efficient automobiles by formulating several regulations to enhance the utilization of alternative fuel vehicles and reduce consumption of fossil fuels.

Competitive Landscape

The e-mobility services market report includes various market players such as Neutron Holdings Inc., Uber Technologies Inc., Bird Rides Inc., Enterprise Holdings Inc., Donkey Republic APS, Grab Holdings Inc., Cityscoot SAS, Car2go N.A. LLC, ANI Technologies Pvt. Ltd., and Didi Global. These market players are adopting several strategies such as product launches and partnership across various regions to maintain their dominance in the e-mobility services industry. 

For instance, in September 2022, Neutron Holdings launched shared e-bike service in Castlebar, Ireland. Delivered in partnership with Mayo County Council, this scheme will see up to 100 bikes available to hire in virtual parking bays across the town. Moreover, in June 2022, Grab Holdings Limited launched GrabMaps. This launch allowed this company to enter into the USD 1 billion market opportunity in South-East Asian region for mapping and location-based services.

In addition, in May 2022, Bird launched its new parking technology, Bird Visual Parking System (VPS), which is available for free to city partners and requires zero infrastructure or technology investments on behalf of the community.

E-Mobility Services Market Key Segments

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

By Vehicle Type

• Two-Wheeler

• Passenger Car

  • Battery Electric Vehicle (BEV)

  • Plug-In Hybrid Electric Vehicle (PHEV)

By Commuting Pattern

• Daily Commuting

• Last Mile Commuting 

• Occasional Commuting

By End Use

• Personal

• Professional/Business

By Region

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK        

  • Germany        

  • France        

  • Spain        

  • Italy        

  • Netherlands        

  • Denmark        

  • Finland        

  • Norway        

  • Sweden        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific    

• RoW

  • Latin America

  • Middle East        

  • Africa

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