Published : 30 Dec 2025
The electric mobility market is projected to grow from USD 725.92 billion in 2025 to USD 5773.18 billion by 2035, witnessing a growth at robust CAGR of 23.2%.
The growth of electric mobility market is being fueled by the increasing demand for sustainable transportation, the growing number of congested cities, and government incentives for zero-emission mobility. Cities across worldwide have established stricter, more rigorous emissions regulations, supported by the establishment of specialized charging infrastructure and incentive programs that provide subsidies for EVs to encourage the adoption of clean transportation. Growing concern regarding climate change and high fuel prices drive consumers to use electric two-wheeled vehicles, scooters, and motorcycles for their daily transportation. Together, these trends significantly position electric vehicles as attractive choices compared with internal combustion engines, particularly in urban markets with high population densities.
Honda Motor Co., Ltd. has recently introduced its new-generation electric scooter platform, which is designed for both consumer and delivery applications. Included in the new platform are improved battery operating efficiencies, enhanced thermal control, and the ability to support long-distance fleet charging with modular battery swapping capabilities. Together with continued advancements in technology, there has been accelerated growth in this market due to ongoing innovation in lithium-ion battery technology, regenerative braking systems, high-efficiency motors, and fast battery-charging systems. Due to the continuing decline in battery prices, electric vehicles are becoming more affordable and provide better performance than in the past. Equally, with the growth of last-mile delivery service, ride-hailing services and digitized mobility ecosystems, the demand for dependable and low-cost electric vehicle fleets has increased. The combination of electric fleet electrification, smart charging, and mobility platform connectivity creates a compelling financial opportunity for businesses and provides a successful rate of adoption throughout the personal and commercial sectors.
Governments Accelerate EV Adoption Through Strong Incentives, Emission Rules, and Rapid Clean-Mobility Policies Worldwide
One of the biggest factors driving growth of the electric mobility industry is the growing government support for electric mobility to reduced carbon emissions while encouraging clean transportation. Governments across the globe are implementing subsidies and tax incentives, which significantly reduce the total cost of owning an electric scooter, bike or motorcycle. Additionally, the implementation of stricter fuel efficiency standards and restrictions on older combustion vehicles, especially in urban locations, will also facilitate the growth of electric vehicle adoption. Additionally, the expansion of the charging infrastructure that supports electric vehicles, thereby creating a positive regulatory framework that will allow for long-term growth of the EV market.
Rising E-Commerce Boom Creates Massive Opportunity for Electric Two-Wheelers in Last-Mile Delivery Fleets
A significant opportunity lies in both the rapid growth of e-commerce and the success of on-demand delivery service platforms, as the need for cost-effective, low-maintenance, and reliable modes of transportation makes electric two-wheelers perfect for daily deliveries. The fleet buyers seek benefits to reduce their operating costs and have a predictable service cycles. As electric scooters provide the lowest total cost per mile, will require the least amount of servicing, and can be easily charged when needed. Furthermore, large logistics providers transition to electric fleets to support their environmental sustainability goals, the electric two-wheeler industry is set for significant growth, offering considerable amounts of commercial EV business demand.
The global market for electric mobility has been segmented into product, drive, battery, end-use, and region.
Asia Pacific currently has the largest share of the electric mobility market due to benefiting from an extensive manufacturing capability, government initiatives, and a high density of urban centers driving the transition to two-wheel electrification. Countries such as China, India, Japan and Taiwan are major manufacturing centers for electric scooters, motorcycles and battery technology. Increased charging infrastructure expansion, lower vehicle pricing and rising cost of fossil fuels continues to propel consumers toward electric mobility. Domestically, due to the presence of established brands, and the large-scale adoption of fleets, the Asia Pacific area remains the largest contributor to global electric mobility demand.
North America is positioned to be the fastest-growing market for electric mobility due to a rapidly developing technological advances, increased investment in clean transportation and the growing preference for environmentally friendly transportation solutions from consumers. As a result, both the United States and Canada are investing in electric vehicle charging networks, supporting battery innovation and creating incentives to entice greater use of electric vehicles among both personal users and businesses. The emergence of “last-mile” delivery services, shared micro-mobility platforms, and the rise of premium-brand electric motorcycles are resulting in an expanded marketplace. With a strong regulatory support framework, the relatively high disposable income of residents and corporations devoted to sustainable fleet development, North America is poised for the fastest growth over the forecast period.
| Parameter | Details |
| Size in 2025 | USD 725.92 Billion |
| Forecast by 2035 | USD 5773.18 Billion |
| CAGR During 2026 - 2035 | 23.2% |
| Largest Product Segment (% Share 2025) | Electric Cars – 40% |
| Largest Region Size (2025) | Asia Pacific – 63% |
| Fastest Growing Region (% CAGR) | North America – 27.2% |
| Key Players Covered | ALTA Motors, BMW Motorrad International, Terra Motors Corporation, Suzuki Motor Corporation, Honda Motor Co. Ltd., Mahindra Group, KTM AG, Gogoro Inc., Ninebot Ltd., Vmoto Limited, Zero Motorcycles, and Yamaha Motor Company Limited. |
Contact:
Mr. Richard Johnson
Acumen Research and Consulting
India: +91 8983225533