Electric Car Rental Market Report 2026

The electric car rental market size has grown rapidly in recent years. It will grow from $12.98 billion in 2025 to $14.98 billion in 2026 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to rising awareness of eco friendly transportation, growth in electric vehicle availability, increasing tourism mobility demand, expansion of rental platforms, rising focus on cost efficient travel.

The electric car rental market size is expected to see rapid growth in the next few years. It will grow to $26.09 billion in 2030 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to increasing charging infrastructure development, rising preference for emission free mobility, expanding rental partnerships, growing urban mobility trends, increasing government support for electrification. Major trends in the forecast period include increasing adoption of electric vehicle rental services, growing preference for sustainable mobility solutions, rising demand for short term and flexible rental options, expanding integration of digital booking platforms, increasing availability of premium and economy electric fleets.

The growing tourism industry is expected to propel the growth of the electric car rental market going forward. Tourism refers to the broad economic sector encompassing activities, businesses, and services related to travel and leisure. The expansion of tourism is increasing demand for electric car rentals, particularly among environmentally conscious travelers seeking sustainable and eco-friendly transportation options during their trips. For instance, in December 2023, according to the UN World Tourism Organization (UNWTO), a Spain-based specialized agency promoting responsible, sustainable, and accessible tourism, global destinations recorded a 22% increase in international tourist arrivals in the third quarter of 2023 compared with the same period in the previous year, reflecting a strong rebound in travel during the Northern Hemisphere summer season. Therefore, the growth of the tourism industry is driving the expansion of the electric car rental market.

Companies operating in the electric car rental market are increasingly focusing on introducing luxury electric car rental services to gain a competitive advantage. Luxury electric car rental services involve offering high-end, premium electric vehicles for temporary use or hire. For instance, in November 2023, Green and Smart Mobility JSC, a Vietnam-based public transport service provider, launched its pure electric taxi service in Vientiane, Laos, branded as Xanh SM. Xanh SM Laos adopts the customer-centric approach of its Vietnamese counterpart and promises eco-friendly transportation services. The company is dedicated to providing customers with 100% pure electric vehicles and upholding 5-star service standards, including premium vehicle quality and a professional team of drivers, contributing to enhanced passenger transportation services.

In May 2023, Getaround, a US-based technology company specializing in peer-to-peer carsharing, acquired substantially all the assets of HyreCar for an undisclosed amount. Through this acquisition, Getaround aimed to expand its presence in the U.S. gig economy carsharing market and enhance its technological capabilities by integrating HyreCar’s driver network and vehicle offerings. HyreCar is a US-based technology company that specializes in providing electric car rental solutions.

Major companies operating in the electric car rental market report are Avis Budget Group Inc., Enterprise Holdings Inc., The Hertz Corporation, Europcar Mobility Group, Sixt SE, Zoomcar, Green Motion International, Ekar, Greenz Car Rental, E-Car Club, Electric Car Rentals, EVision Electric Car Hire, Spark Rentals, Easirent, Eco Rent a Car, UFODrive, Wattacars, Blink Mobility, Nextmove, DriveElectric.

North America was the largest region in the electric car rental market in 2025. Asia-Pacific is expected to be the fastest-growing region in the electric car rental market during the forecast period. The regions covered in the electric car rental market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric car rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An electric car rental market includes revenues earned by entities by renting an electric car local usage, airport transport, and outstation transport. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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