What is Electric Mobility?

Electric Mobility refers to the ecosystem of transportation solutions powered entirely or partially by electric propulsion, encompassing electric two-wheelers, three-wheelers, passenger vehicles, commercial fleets, and supporting infrastructure. It is defined by its integration of battery technology, smart energy management, and evolving mobility-as-a-service (MaaS) models. This transformation is not merely about electrification but the reinvention of urban mobility, logistics, and transport economics across sectors.

Electric Mobility is a fundamentally disruptive force reshaping transportation norms. It introduces new business models, such as battery swapping and subscription-based services, while making mobility easier through digitally enabled platforms and enhanced user experiences. It is safer due to reduced mechanical complexity, minimal emissions, and increasing integration of smart diagnostics and ADAS. Most importantly, it is big—with government mandates, global OEM pivots, and consumer behavior shifts fueling mass adoption. The market is rapidly expanding across urban and rural applications, offering value creation at every point in the mobility value chain.

Market Size:

Electric Mobility Market was valued at USD 125.2 billion in 2024 and is projected to reach a market size of USD 282.12 billion by 2030 at a CAGR of 14.5%.

Key Market Players

•    BMW Motorrad International
•    Mahindra Group
•    Ninebot Ltd.
•    Suzuki Motor Corporation
•    Terra Motors Corporation
•    Vmoto Limited ABN
•    Gogoro, Inc.
•    Honda Motor Co. Ltd.
•    KTM AG
•    Yamaha Motor Company Limited

Case Study:

Gogoro Inc. revolutionized urban commuting with its battery-swapping infrastructure, offering unmatched uptime and scalability, particularly in densely populated Asian markets—its USP lies in operational continuity and user convenience.

Market Dynamics & Popularity:

Electric scooters and bikes account for over 70% of new e-vehicle sales in several APAC markets. Shared mobility platforms and fleet electrification are surging globally, with urban youth showing high adoption rates. Governments across 50+ countries have introduced fiscal and regulatory support for EV adoption.

Market Segmentation:

By Type

•    Electric Two-Wheelers
o    Electric Scooters
o    Electric Motorcycles
•    Electric Three-Wheelers
o    Passenger Carrier
o    Load Carrier
•    Electric Cars
o    Battery Electric Vehicles (BEVs)
o    Plug-in Hybrid Electric Vehicles (PHEVs)
o    Hybrid Electric Vehicles (HEVs)
•    Electric Buses
o    Battery Electric Buses
o    Plug-in Hybrid Buses
o    Fuel Cell Electric Buses
•    Electric Trucks
o    Light-Duty Trucks
o    Medium-Duty Trucks
o    Heavy-Duty Trucks
•    Electric Vans
•    Electric Bicycles (e-Bikes)
•    Others (Electric Skateboards, Electric Wheelchairs, etc.)

By End User

•    Personal Use
•    Commercial Use
o    Ride-Hailing Services
o    Delivery & Logistics
o    Public Transport Operators
o    Corporate Fleets
•    Industrial Use
o    Warehousing & Material Handling
o    Factory & In-plant Transportation
•    Government & Municipal Use
o    Law Enforcement
o    Municipal Services (e.g., waste collection, street cleaning)
o    Public Sector Fleets
•    Others (Educational Institutions, Non-profits, etc.)

What’s in It for You?

•    Insight into emerging product-platform opportunities and cross-sector convergence.
•    Strategic benchmarking of key players and innovation pathways.
•    Intelligence on regulatory alignment and regional policy dynamics.
•    Forecasts on infrastructure integration, partnerships, and after-sales models.
•    Tactical investment areas across battery tech, fleet services, and smart mobility platforms.