Electric buses are poised to become the highest revenue-producing e-mobility technology within the next five years
A new report from Navigant Research examines the global market for electric mobility (e-mobility) devices, including e-buses, e-bikes, e-scooters, plug-in electric vehicles used in shared mobility services, and electric vehicle supply equipment, providing forecasts for unit sales, revenue, and battery pack energy capacity, through 2025.
As cities strategize on how to reduce traffic congestion and meet aggressive climate action plans, consumers are searching for new products and services that enable improved mobility. E-mobility devices provide a solution for both while also transitioning cities toward cleaner energy and reducing noise and the number of vehicles on the road. Click to tweet: According to a new report from @NavigantRSRCH, global e-mobility device revenue is expected to grow from $25.6 billion in 2016 to $62.2 billion by 2025.
“The e-mobility industry is driven by urbanization, improving battery technology, national e-mobility plans, and city energy policy, still, low consumer awareness and gasoline prices, and high purchase prices restrict sales in some markets,” says Ryan Citron, research analyst with Navigant Research. “Asia Pacific is the clear world leader in terms of e-mobility device unit sales and battery capacity, though the region is far less dominant in device revenue due to higher average purchase prices than other world regions, such as North America and Europe.”
According to the report, e-bikes currently account for the largest share of e-mobility revenue in 2016, but e-bus revenue is climbing quickly due to vastly higher purchase prices. Within the next five years, e-bus revenue is expected to overtake e-bike revenue to become the highest revenue-producing technology.
The report, Electric Mobility in Smart Cities, analyzes the global market for e-mobility devices, including e-buses, e-bikes, e-scooters, plug-in electric vehicles used in shared mobility services, and electric vehicle supply equipment. The study provides a detailed analysis of the market opportunities, key drivers of growth, and technology trends associated with e-mobility technologies. Global market forecasts for annual e-mobility device unit sales, revenue, and battery pack energy capacity, segmented by region and technology, extend through 2025. The report also examines the effect of government influence on the market for e-mobility devices and provides profiles of key e-mobility manufacturers, suppliers, and service providers. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Electric Mobility in Smart Cities, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.