Electric Vehicle Telematics Market Report 2026

The electric vehicle telematics market size has grown rapidly in recent years. It will grow from $12.66 billion in 2025 to $15.16 billion in 2026 at a compound annual growth rate (CAGR) of 19.8%. The growth in the historic period can be attributed to ev adoption growth, smartphone integration in vehicles, demand for vehicle tracking, development of connected car platforms, early fleet electrification.

The electric vehicle telematics market size is expected to see rapid growth in the next few years. It will grow to $30.81 billion in 2030 at a compound annual growth rate (CAGR) of 19.4%. The growth in the forecast period can be attributed to government ev incentives, smart city infrastructure growth, AI-based analytics adoption, expansion of commercial ev fleets, demand for energy-efficient mobility. Major trends in the forecast period include expansion of real-time ev diagnostics, integration of charging optimization platforms, growth of fleet telematics adoption, demand for predictive maintenance solutions, rising focus on vehicle data analytics.

The growth in popularity of electric vehicles is expected to propel the growth of the electric vehicle telematics market going forward. The rising adoption of electric vehicles, replacing traditional internal combustion engine (ICE) vehicles, is driven by improved charging infrastructure, heightened consumer interest, and supportive environmental regulations. Electric vehicle telematics enhances vehicle functionality and efficiency by providing real-time data, remote monitoring, predictive maintenance, and connectivity features. For instance, in July 2023, according to the Electric Vehicle Council, an Australia-based national body, Australia recorded a surge in electric vehicle sales, reaching 46,624 by June 2023, nearly tripling from the same period in 2022, marking a 269% increase. EVs now constitute 8.4% of new car sales, representing a 120.5% rise from 2022. Therefore, the growing popularity of electric vehicles is driving the electric vehicle telematics market.

Major companies in the electric vehicle telematics market are developing advanced solutions, such as fleet electrification assessment tools, to improve operational efficiency, reduce emissions, and support regulatory compliance. These tools analyze real-world vehicle data - including fuel usage, emissions, performance, and charging patterns - to help fleets make informed decisions about transitioning to electric vehicles. For instance, in October 2024, Geotab Inc., a Canada-based telematics technology company, launched its MyGeotab Sustainability Center and Electric Vehicle Suitability Assessment (EVSA) platform. This solution assists fleet operators with sustainability and electrification goals, providing TÜV-certified greenhouse gas calculations, real-time emissions tracking, EV suitability recommendations, and insights for optimizing fleet operations while ensuring compliance with ESG and CSRD reporting frameworks.

In October 2023, Banyan Software Inc. bolstered its presence in the telematics industry by acquiring LEVL Telematics Limited. This strategic acquisition aimed to expand Banyan Software's offerings and provide customers with a comprehensive telematics solution. LEVL Telematics Limited specializes in fleet management and telematics solutions, particularly for electric vehicles, aligning with Banyan Software's goal of catering to evolving market demands and enhancing its competitive position.

Major companies operating in the electric vehicle telematics market report include Verizon Communications Inc., Robert Bosch GmbH, Tesla Inc., Siemens AG, Denso Corporation, Continental AG, Hundai Kefico, Toyota Industries Corporation, Valeo Corporation, Infineon Technologies AG, Renesas Electronics, HARMAN International, Microchip Technology, Trimble Inc., Vishay Intertechnology Inc., Geotab Inc., Agero Inc., Inventure Ltd., TomTom International BV, Danfoss, Azuga Inc., Airbiquity Inc., Hangzhou Tiecheng Information Technology, Intellicar Telematics.

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

The electric vehicle telematics market consists of revenues earned by entities by providing services such as pinpointing available charging stations, energy management, cloud-based platforms, automated alerts, energy usage reports, charging station integration, and real-time monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The electric vehicle telematic market also includes sales of telematics control unit (TCU), GPS sensors, accelerometers, battery health sensors, and more. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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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