For example, sales of EVs grew by 15 per cent in 2019 compared to 2018, driven by the growth of BEVs in Europe (+93 per cent), China (+17 per cent) and ‘other’ regions (+22 per cent). Market Size (2027) $134. With 132,000 units sold in Q3 of 2020, the Tesla Model Y is the world’s best-selling electric automobile. It employs about 19 million people directly and indirectly. 6% in October, boosted in part by a big jump in sales of fully electric cars, while. 54 billion in 2022 to USD 65. 2% from 2023 to 2031 and reach US$ 126. Electric Car Rental Market to grow at a CAGR of 15% through 2032 | Electric Car. 1 The used-car market should reach €955 billion by 2026, with about €390 billion for lease-based cars (40 percent). The market is projected to grow from USD 12. Forecast period. The COVID-19. Of the global markets for AVs, China catches the eye (Exhibit 4). The global luxury car rental market size was valued at USD 29. Speak to Analyst. 76 million in 2021 and is expected to reach USD 63. 21 billion by 2030. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. 34% in 2020 as compared to 2019. 9%. Probably the most important trend in the automotive industry is the worldwide shift to electric vehicles (EVs). 3% increase overall – with the total brand value growing from US$5. From 2018 through 2030, we anticipate annual growth of 2%. The year 2026 has emerged as a tipping point for an acceleration in EV adoption that will drive automotive electrification trends ahead. This explosive growth means electric cars’ share of the overall car market has risen from around 4% in 2020 to 14%. Consumer mobility behavior is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-purpose mobility solutionsMarket Overview. The global scooter market size was valued at USD 67. Global Car Rental Market Outlook 2031. The global ride sharing market size was USD 76. The car industry will stay in low gear in 2024. These preferences align closely with our research on. 50 billion in 2023 to USD 24. 1 million, up 2 million from the previous year and almost doubling the number of new electric car sales. The COVID-19 pandemic affected the market studied due to its high dependency on Indonesian tourism. Details. 4 Billion in 2021 and is expected to reach a value of USD 126. 4 Million in 2022 and is projected to reach US$ 5,545. Japan was on top with a 119% YoY growth. Info is draw from numerous credible sources including Zumper, Harvard University, Freddie Mac, Apartmentlist, Attom Data,. Insurance excess £2,500. 1% from 2021 to 2028. Growth will be helped along by the rising appeal of online used car retail. The global electric bike market was valued at $40,312 million in 2019, and is projected to reach $118,657 million by 2030, registering a CAGR of 10. In recent years, Indonesia also started producing. Electric vehicles: U. That will be up from 7. The COVID-19 crisis tremendously affected the tourism industry across the world. Global EV Data Explorer. 42 billion in 2021. The market is projected to grow from USD 28. 8 percent of all new vehicles sold. 7% of the global light-duty vehicle (LDV) fleet in 2020 to 31% in 2050, reaching 672 million EVs, predicts the US Energy Information Administration ( EIA ). 77 Billion in 2021 and is projected to grow to USD 1. 69 billion in 2022 to USD 131. 7 billion by 2030, at a CAGR of 3. Electric vehicles are gaining popularity and market share. EV Market 2022-2030: The global electric vehicle market was valued at $163. Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Electric Car Rental. The rapid expansion of COVID-19 has disrupted car rental growth across the country. 62 billion in 2020 and is projected to grow from USD 1. Stay flexible when you rent a car. Market share of electric vehicles in Norway 2009-2022. COVID-19 affected the camping equipment market drastically, and the demand for camping equipment declined due to specific rules and regulations imposed by. Speed the shift to zero-emission vehicles. The eScooter market will worth nearly $41. Details. CPI rent inflation has picked up recently. Typical asking rents in the U. , Budgetcar, Inc. The Car Rentals market worldwide is projected to grow by 2. Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U. 42 billion by 2029, exhibiting a CAGR of 7. In model year 2021, the average estimated real-world CO 2 emission rate for all new vehicles fell by 2 g/mi to 347 g/mi, the lowest ever measured. Nearly 10% of global car sales were electric in 2021, four times the market share in 2019. 21 billion in 2027. People. Electric Vehicles. The major factors behind this exponential growth are the rising foreign direct investment (FDI), construction of manufacturing hubs, and. Page number. July 5, 2022 The European shared-mobility market has an estimated value of about €70 billion today (exhibit). With the outbreak of COVID-19 , many new habits emerged, including social isolation, cleanliness, sanitation, and working from home. 5 billion in 2022. 9% over 2020. Electric Vehicles2023 Will Be the Year of the Electric SUV. Malaysia Car Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027). The McKinsey Center for Future Mobility (MCFM) works with stakeholders across the mobility ecosystem by providing independent and integrated evidence about possible future-mobility scenarios in many forms: autonomous driving, e-mobility, shared mobility, and more. What is the growth rate of the Electric Car Rental market? The global market is projected to grow at a CAGR of 15. The global impact of COVID-19 has been unprecedented and staggering, with ride sharing witnessing a negative demand shock. Here’s what to keep in mind before you hit the road. The car rental market now accounts for just 4. ATV and UTV Market Size, Share, Competitive Landscape and Trend Analysis Report by Vehicle Type (ATV, UTV), by Displacement (Less Than 400 CC, 400 CC To 800 CC, More Than 800 CC), by Power Output (Less Than 50kW, 50kW To 100 kW, Above 100 kW), by Fuel Type (Gasoline Powered, Diesel Powered, Electric Powered, Solar Powered), by. Book a Sporty Car. 69 billion in 2022 to USD 131. 84 billion in 2023 to USD 575. 2 percent market share in 2021. Electric vehicles will grow from 0. The Electric Car Rental market industry is projected to grow from USD 11. The global electric car rental market size is expected to grow from $8. It seeks to provide an in-depth overview of the size, shape and scope of the shared mobility and automotive industries, examining the historic and future market trends. As…Italy Car Rental Market Analysis. European Passenger Car Market Forecast. The global COVID-19 pandemic has been unprecedented and staggering, with luxury car rental services experiencing. As of 2023, electric vehicles still had a low market share in Germany, at around two percent for battery-powered electric vehicles and almost 1. The Indian automotive industry is targeting to increase the export of vehicles by five times during 2016-26. Based on our analysis, the market exhibited a huge decline of 6. Electric Car Rental Market Size was valued at USD 9. 17 million and INR 1. Report Overview. China’s NEV market has been historically supply and policy driven. Pricing Details. 31 billion in 2022 to USD 94. Overall, new car prices are down 1. Car rental rates found on an auction or wholesale websites which do not display the name of the car rental company until after purchase, do not qualify. 1% from 2021 to 2027. 6% during the forecast period. The global golf cart market size was USD 1. Vehicle rental in Europe is the practice of renting or leasing a passenger car or commercial vehicle for the short term. 4 Billion in 2021 and is projected to. Key takeaways. com. The average minimum listing price for used EVs that Recurrent tracks (including lots of like-new 2022 "used" cars) is $29,400. September 14, 2023 - As the transition to electric cars gains momentum in India, new consumer needs are emerging related to product. The global car rental market is predicted to garner a revenue of USD 250 billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period. 6 million units. As the largest EV manufacturer, China’s EV production amounted to 3. E-Bike Companies. 4% from 2021 to 2030. In a November report, J. The sector has momentum, however, and global sales of E2Ws and E3Ws are increasing by more than 14 percent annually. 1 billion in 2022, and is projected to reach $2. Ltd, Merida Industry Co. California has the highest EV adoption rate (2. 5. Unlimited mileage. Aima Technology Group Co. The Golf Cart Market size is estimated at USD 2. 50 percent bump — and less than the 0. 9. 8% in 2018. The primary market drivers that favorably impact the market include the growth of the travel and tourism sector and increased cognizance of electric mobility services. The Electric Car Rental Market size was valued at USD 9. 52% (2023-2027) resulting in a market volume of US$31. S. It was followed by Germany. From the 1960s to the 1990s, the car rental industry experi-enced rapid development. 1. 2023 Polestar 2 A New Standard For Premium Electric Driving. The growth of the market depends on several factors, including increasing demand for rental cars due to the rise in international tourism, the need for optimum performance. The China Electric Vehicles Market size is expected to grow from USD 260. 36 billion in 2023 to USD 26. The market for two-wheel EVs (E2Ws) and three-wheel EVs (E3Ws) was valued at around $97 billion, or 4 percent of global auto sales. 1 Electric cars, which accounted for 2. The average annual growth rate ranked almost 50% between 2015 and 2019. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. Explore historical and projected data on electric vehicles sales, stock, charging infrastructure and oil displacement. Thailand. The Self-storage Market size is estimated at USD 58. 157. Historical Data Time Period. Total Passenger Cars Motorcycle Bus & Truck Motor-tricycle 186,271 179,034 7,236 1 0 5,685 2,202 3,128 120 235 32,264 29,459 2,804 1 0 2,999 1,288 1,591 2 118 Accumulated. 1 What’s even more impressive is the sector’s potential growth. Sales of electric vehicles ( EVs) in the United States rose by two-thirds in 2022, comprising 5. 9% from 2022 to 2030. 11% through 2028 on account of country's increasing domestic automobile market and increased exports. The report also offers the market dynamics, latest trends, size, share and industry overview. The Car Rental industry is projected to grow USD 200. Report Overview. 17 percent year-over-year increase. S. 08 billion. D. [471 Pages Report] The global construction equipment market size is valued at USD 149. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. 2020. This is about the same as the national average. Commenting on the market dynamics, Senior Analyst Soumen Mandal said, “China’s EV market is the most vibrant. 6 percent in 2021. S. 08 billion in 2023 to USD 18. The market was negatively. 65 million from 2022 to 2027. Norway (65%), The Netherlands (20%), and Sweden (19%) are the top markets in the battery electric car segment in the European Economic Area. This sector's share of the national GDP increased from 2. A slight increase in vehicle production in the first half of the year and stronger growth in the second half will lead to around 12. 58 billion in 2023, and is expected to reach USD 1. current trends, and reported performance. Growth in the electric-vehicle market has slowed. European Truck Market Outlook 2022. S. The number in this province is just over 2,200. 2. Dr Martyn Davies, Deloitte’s Africa Auto Sector Leader, and a panel of industry experts discussed the recent trends identified by the Deloitte Global Automotive Consumer Study and how they will impact the SA marketplace. The SMMT. 18 trillion during 2021-2025, progressing at a CAGR of almost 12% during the forecast period. That is just 5% of total car sales, but it shows we're already entering the steep part of the S. The North America Recreational Vehicle Market size is expected to grow from USD 18. The. Getty. Technology in the sector is moving in leaps and bounds, and, despite supply chain disruptions putting strain on. S. Due to the COVID-19 pandemic, commuters are mostly avoiding public transportation. By 2028, it’ll almost triple, exceeding $80B and enjoying a compound annual growth rate (CAGR) of 20%. 94% from 2018 to 2025, to reach 7,593 thousand units by 2025. Explore market. 11, 2023 -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. The Australia Electric Vehicle Market size is estimated at USD 6. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. It ranges from original equipment manufacturers (OEMs) and component manufacturers, to dealerships and commercial vehicle manufacturers. The key to a better rental in 2023 is having a Plan B, C, and D. Meanwhile, Beijing, a mid-income, densely populated city, has a shared-mobility market of more than $700 million. Car rental companies now offer Polestar, Nissan, and Kia EVs for this spring. Rent growth is predicted to outpace home sales price growth in 2022, and in some markets, renting may become the less-affordable option. Global sales of electric cars have kept rising strongly in 2022, with 2 million sold. Berlin, for example, runs on convenient car sharing, with multiple players and limited e-hailing opportunities because of taxi-related regulation. Retail used-vehicle sales also decreased month over month in October, with one less selling day than September. India Bike and Scooty Rental Market Analysis. MRFR also estimates that the market expansion rate to be 15%. Luxury car sales accounted for 18. 20% (2023-2027) resulting in a market volume of US$1. 75 bn during 2020-2024, progressing at a CAGR of over 17% during the forecast. This brought the total number of electric cars on the world’s roads to about 16. Fiat 500. 20% during the forecast period (2023-2028). 2022-2027. 610 KB PDF. Few things are as uniquely beautiful as a summer road trip, and many people start. In the US, electric car sales will increase to 585,375 in 2021, up from 345,285 in 2020. A rebounding tourism industry has been the key driver of the recovery, though high inflation and a strengthening US dollar has distorted. Offering efficiency, power, and comfort without compromising on the Range Rover's iconic design, the P400e PHEV is the ideal luxury car to hire. 8% from 2023 to 2030. 4 miles. The current asking rent is 77. licensee identified on. Diesel will. DOWNLOAD PDF. UK: forecast public charging revenue per electric vehicle 2016-2027. Get a quote. Global Vehicle Rental Market is valued at $84. 1% from 2021 to 2027. E-bikes enable users to cycle further and more often. 1-year Avg. 34% (2023-2027) resulting in a market volume of US$2. , but industry analysts anticipate the EV market share in the U. In some cases. Nevertheless, China accounted for nearly 59% of the global EV sales volume. While EV sales have been growing healthily for the past couple of years, that trend has accelerated this year. Digital & Trend reports. The increasing disposable income of the working class is augmenting the market growth as this enables. Forecast period. With lockdowns and travel restrictions, the demand for car rentals has declined. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. New York, June 21, 2021 (GLOBE NEWSWIRE) -- Electric Car Rental Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “ Electric Car Rental Market. 2023 Tesla Model 3 The Reign Continues. In the Global Electric Vehicle Rental Market, the Electric Vehicles are among the registered BEVs. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. The Car Rentals market in in Germany is projected to grow by 1. 47 billion in 2022. in 2022—a 51. 4. 65 billion in 2022 and is projected to grow from USD 500. The global electric car rental market is poised to grow by USD 7. 41% increase year-over-year. This represents a significant increase from the 3. 4 billion in 2021 and is estimated to grow to about USD 132. Electric car rental is a service that enables customers to rent an electric vehicle (EV) for. 18 trillion during 2021-2025, progressing at a CAGR of almost 12% during the forecast period. To date, however, most players have overlooked opportunities to monetize data from these vehicles—a significant oversight,. 6% rise over April 2019 and a 0. 9% throughout the projected period. Before Covid and the chip shortages, in 2019 hire-drive registrations were 18,352, equivalent to 15. A car rental market analysis conducted by Precedence Research. 6%, EV sales jump more than 36%. Wide-Range of Electric Cars for Rent at OneClickDrive. By 2030, shared-mobility spending is projected to reach €150 billion in our base-case scenario and about €200 billion in our accelerated scenario in our model of. Many major vehicle manufacturers worldwide have signaled the end of an era. As colleagues outlined in “How China will help fuel the revolution in autonomous vehicles,” “in our base forecast, such vehicles could account for as much as 66 percent of the passenger-kilometers traveled in. The Motorhome Market size is expected to grow from USD 12. Nissan pioneered the affordable EV trend with the Leaf, and though that car is still relevant, the Ariya represents a step up. electric cars accounted for 79 percent of new passenger car registrations in 2022,. For further assistance, please connect with our analysts. Rent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. Market trends and policy efforts in major car markets are supporting a bright outlook for EV sales. 7% from 2021 to 2027. 6 billion by 2027 with a CAGR of 6. The electric-vehicle land grab is reshaping economies and challenging political allegiances. USA Car Rental Market is anticipated to increase at a high CAGR of 5% (2022 to 2032), reaching a value of about US$ 59. Urban e-bikes dominated the market by application type. See also Try before you buy: Car rental market could be launch pad for EV adoption (Note: The author’s EV rental costs, but not its charging costs, were met by. 5% of global car sales. current trends, and reported performance. Fastest-growing. The differences would be evident in the changes at construction sites. Brand Finance's Top 100 Automobile Brands 2017 to 2022. Market share of plug-in hybrid electric cars in Norway 2016-2022Top 10 Mobility Industry Trends in 2024. Nissan LEAF | Electric Range: 240 / 363 km*. 91% (2023-2027) resulting in a market volume of US$26. Trend 1: Europe continues to lead EV adoption. Base Year. Growth in online car booking and increasing air traffic escalates the USA car rental market trend. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. 70bn in 2027. In 2021, more than that many are sold each week. 64% during the forecast period. A Nissan Motor Co. If you can’t find one nearby, we have a variety of other vehicles waiting for you. Electric car rental. U. But price growth is continuing to slow down since hitting an annual peak of 16% in Feb. Net Promotor Score℠ (NPS®) improved across all brands, with owners of larger fleets generally indicating greater loyalty than owners of fleets with. 5%). The global bike rental market was valued at $2. 95% lower than the average monthly mortgage payment. Electric Car Rental Market Services and Solutions Top Companies, Revenue, Trends and AdvancementsNew York, US, April 25, 2023 (GLOBE. current trends, and reported performance. At 24. 2022 SA Auto trends. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. The company presently sells the Tesla. The global car rental market could nearly double by 2031, reaching $121. 03% during the forecast period. 9% over 2020. 7 million units sold last year, 11. 6 billion by 2027 with a CAGR of 6. 3 million, after the boom of 2020. Advertisement. 83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15. 09% during the forecast period (2023-2028). The Middle East and Africa Automotive Electric Vehicle Market size is expected to grow from USD 2. 02 billion in 2021, and it is expected to reach USD 139. By 2025 20% of all new cars sold globally will be electric, according to the. Ltd, Giant Manufacturing Co. The report offers an up-to-date analysis regarding the current market scenario, latest trends and. Budget’s electric-only listings are “Full-Size Elite SUV,” which offers a Kia E-Niro or similar, and “Luxury” which promises something akin to a Tesla Model 3. 1 million, for year-on-year growth of just 9 percent. The U. Various factors, including the diversification of services, increasing urbanization, rising disposable income, ascending preference for on-demand transportation, and growth of tourism, have played a major role in the market growth. 26 billion in 2023 to USD 63. The report shows that electric vehicles (EVs) currently make up only 3% of car sales worldwide. Singapore-based electric car rental company BlueSG announced that its cars are rented out about 100,000 times a month with 4,000. 2% from 2023 to 2030. The Thailand Car Rental Market is valued at USD 811. dollars, used EVs were around 71 percent. " Electric Car Rental Industry Statistics. Market 2023 Trends, Size, Share | Thermo Fisher, PerkinElmer, 3M. The lease-based used-car market will likely reach about €390 billion in Europe, which would lead to a €12 billion opportunity if we include a 3 percent improvement in estimating residual values, that is, used-car prices. Under the IEA Stated Policies Scenario (STEPS), the global outlook for the share of electric car sales based on existing policies and firm objectives has increased to 35% in 2030, up from less than 25% in the previous outlook. 9% of used EV sales in the past 90 days were under $25,000. 0% in the 2021-2028 period. 42 Million by 2027 registering a CAGR of over 9. The Car Rentals market in in Ghana is projected to grow by -4. 59 billion by 2028. Costing an average of 58,165 U. Drive an electric vehicle from a top brand, like the BMW i4, BMW iX Tesla Model Y Long Range and Tesla Model 3. 23 billion by 2027 registering a CAGR of around 8% during the forecast period (2022 - 2027). Electric Vehicles (EV) Market Report Overview. The booming tourism, rapid urbanization, increasing interest of people in adventure tourism, rapid. electric vehicle market size was USD 24. The average rent for a 1-bedroom apartment decreased by -2% to $2,790, and the average rent for a 2-bedroom apartment decreased by -4% to $3,350. The conventional US insurance market, currently dominated by internal-combustion-engine (ICE) vehicles, will likely stop growing by the middle of this decade. 39% (2023-2028) resulting in a market volume of US$103. 1 million U. Inside, the Ariya offers comfortable seating and a ton. 21 billion in 2022 to USD 113. The global car rental market size was valued at $92. This is compared to the average new EV price of $59,000 and the average used. This approach of adopting new partnership models in the automotive sector will increase in 2022. The global airport car rental industry is expected to reach an estimated $63. India's electric vehicle market size is expected to reach USD 152. Electric VehiclesRent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. 00% during the forecast period (2023 - 2032). states 2014;Projection for the used car market size worldwide between 2020 and 2027 (in trillion U. 1% higher than the nationwide median gross rent of 2020. The. The electric vehicles’ sector has registered exponential growth during the last decade due to the depleting fossil fuel reserves and growing awareness about the effect of global warming. The automotive finance industry size was valued at USD 248. Plug-in electric vehicle market share by manufacturer 2022;. “The increase in demand for electric vehicles is driving. ONE: Online Car Rental Booking Services. The average age of light commercial vehicles in the EU is 11. 99% (2023-2028) resulting in a market volume of US$288. 08 Billion. Of the 14. 2 Billion in 2022.