Green Automotive Mobility Market - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, Vehicle Type Coverage, Geographic Coverage and By Company)

The approximately US$188.7 Bn market for green automotive mobility (2022) slated to rise high up to US$884.4 Bn by 2030

Industry's Remarkable Growth Driven by Sustainable Transportation Initiatives

The global green automotive mobility market is on an upward trajectory, with impressive growth expected over the next decade. According to a recent report, the market, which was valued at approximately US$188.7 billion in 2022, is projected to reach a staggering US$884.4 billion by 2030, representing a stellar CAGR of 21.3% between 2023 and 2030.

The report highlights several key factors driving the growth of the green automotive mobility market

- Reduced Carbon Emissions The shift towards green mobility options such as electric vehicles (EVs) and public transportation is expected to significantly reduce carbon dioxide emissions. Public transport alone can lower emissions by 45%, leading to improved air quality and a decrease in air pollution, potentially reducing carbon dioxide emissions in the US by 37 million metric tonnes annually.
- Health Benefits Improved air quality resulting from reduced emissions is expected to have a positive impact on public health. Reduced cases of cancer and respiratory conditions like asthma are anticipated, and people are likely to engage in outdoor activities more often in areas with better air quality.
- Infrastructure Development As the demand for sustainable transportation grows, more bike routes and eco-friendly lanes are expected to be built, further encouraging active transportation options like bicycles.
- Dominance of Two- and Three-Wheeled Vehicles In 2022, the market was largely dominated by two- and three-wheeled vehicles, such as e-bikes and e-scooters, which are becoming increasingly popular due to rising fuel costs.
- Electric Mobility The electric mobility segment has a significant share of the market and is expected to grow further, driven by government initiatives, technological advancements, and the rising interest in performance-based adventure and leisure activities.
- Urban Logistics Urban logistics play a vital role in reducing emissions through the promotion of cleaner fuels and more efficient delivery systems.
- Asia-Pacific Leading the Way The Asia-Pacific region is expected to have the largest share of the global green automotive mobility market. India, in particular, is witnessing a surge in demand for e-scooters, driven by shared mobility services and e-commerce deliveries.
- European Growth Europe is also expected to experience substantial growth in the green automotive mobility market, supported by concerns about vehicle pollution and government policies aimed at decarbonizing transportation.

Key Growth Determinants

Several factors are contributing to the industry's growth

- Decreasing Prices of Li-ion Cells
- Booming Electric Vehicle (EV) Industry
- Favourable Government Initiatives

Major Growth Barriers

While the market is thriving, there are challenges to overcome

- High EV Costs
- Power Grid Limitations

Key Trends and Opportunities

- Alternative Fuels Exploring lower carbon intensity fuels like biofuels, hydrogen, natural gas, and synthetic fuels.
- Smart Mobility Leveraging data and digital technologies for more efficient transportation networks.
- Enhanced Powertrain Concepts Advancements in electric motor technology and battery capacity.

Competitive Landscape

The global green automotive mobility market is marked by consolidation, with a limited number of major players operating worldwide. These key players are actively introducing new products and optimizing distribution channels to bolster their global reach.
- BMW
- BYD
- Tesla
- Daimler AG
- Nissan
- Engie
- Ford Motors Company
- Kia Motors Corp.
- General Motors
- Volkswagen
- Hyundai Motor Company
- Maruti
- TATA Motors Limited
- Toyota
- Volvo Car Corp.


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