Why the Electric Mobility Market Is Growing at 14.6% a Year
Electric mobility — the umbrella of e-bikes, e-scooters, and electric motorcycles reshaping how people move through cities — has stopped being a niche transportation story and become a mainstream infrastructure question. According to Grand View Research, the global electric mobility market was valued at USD 109.2 billion in 2022, and the trajectory since then tells a story of steady, policy-backed acceleration rather than a speculative boom. Market Size and Growth Projections: The Numbers Behind the Momentum The market is estimated to reach USD 200.7 billion in 2026, nearly doubling its 2022 base within four years, and is projected to climb to USD 325.6 billion by 2030. That works out to a compound annual growth rate (CAGR) of 14.6% between 2023 and 2030 — a pace that outstrips most mature automotive segments and reflects how quickly two-wheeled and light electric transportation is being absorbed into everyday commuting habits. Asia Pacific is the center of gravity...