E-Mobility Services Market is Expected to Grow Swiftly By 2030 | CAGR: 40.7%

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In this era of continuous inflation, people are finding sharing things a better option than buying them. One of the aspects of daily life where this new ideology is the most visible is transportation. Instead of buying a car, scooter, or motorcycle, people around the world are opting for car rental, ride hailing, carsharing, and two-wheeler sharing services. Not only are these services convenient, but also available throughout the day, bookable via mobile apps. The popularity of these sharing services is due to the fact that the fuel, insurance, parking, and maintenance cost doesn’t have to be borne by riders, but the sharing service provider.


And, just like consumers, even sharing service providers are now looking to cut their expenditure, which is continuously rising on account of the increasing gasoline and diesel prices. This is why they are integrating more electric vehicles (EVs) in their fleet, as the cost of using a vehicle charging facility is a lot less than that for diesel and gasoline. As per P&S Intelligence, this is why the global e-mobility services market will grow from $3,189.8 million in 2019 to $78,898.3 million by 2030, at a 40.7% CAGR between 2020 and 2030.

In this era of continuous inflation, people are finding sharing things a better option than buying them. One of the aspects of daily life where this new ideology is the most visible is transportation. Instead of buying a car, scooter, or motorcycle, people around the world are opting for car rental, ride hailing, carsharing, and two-wheeler sharing services. Not only are these services convenient, but also available throughout the day, bookable via mobile apps. The popularity of these sharing services is due to the fact that the fuel, insurance, parking, and maintenance cost doesn’t have to be borne by riders, but the sharing service provider.

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And, just like consumers, even sharing service providers are now looking to cut their expenditure, which is continuously rising on account of the increasing gasoline and diesel prices. This is why they are integrating more electric vehicles (EVs) in their fleet, as the cost of using a vehicle charging facility is a lot less than that for diesel and gasoline. As per P&S Intelligence, this is why the global e-mobility services market will grow from $3,189.8 million in 2019 to $78,898.3 million by 2030, at a 40.7% CAGR between 2020 and 2030. 

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