4 billion) by 2027, and Europe is expected to hold the second-largest regional share. Experts say the rental car industry trend reflects America’s broader societal shift toward electric cars. 47 thousand units by 2029, exhibiting a CAGR of 20. 92 Billion in 2022 and is expected to. New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “ Electric Car Rental Market Information by Vehicle Type,. Forecast period. 18 trillion during 2021-2025, progressing at a CAGR of. It is expected to grow to USD 25. EV Market 2022-2030: The global electric vehicle market was valued at $163. The same year, pedal-assisted electric bicycles dominated the market by propulsion type. 64% during the forecast period. Hence, the high costs of vehicles and high maintenance costs of vehicles lead to the car rental market growth in Europe. The China Electric Vehicles Market size is expected to grow from USD 260. 54 billion in 2022. 6%. 6%, rising from its current value of US$ 80 billion to reach US$ 200 billion by the end of 2033. 03% during the forecast period. 000 billion. 46 billion by 2030, exhibiting a CAGR of 6. 14 bn during 2020-2024 New Electric Car Rental Market Research Report- COVID-19 Analysis Based on Economy Cars and Luxury Cars Vehicle. 1% CAGR: Custom Market Insights (Share, Report, Trends, Forecast, Trends, Segmentation) [220+ Pages Latest Report] According. Chapter 3: Electric Car Rental Market Historical (2023-2030) and Forecast (2023-2030) Volume and revenue analysis of Electric Car Rental Market in North America, Europe, Asia-Pacific, Latin. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. Covered in this report The report covers the present scenario and the growth prospects. 10 billion by 2030, exhibiting a CAGR of 17. L. The research assessment of the Market is designed to analyze futuristic trends. 36% of the worldwide market. 5 million, throughout the analysis period. 8 billion in 2021 and is expected to reach USD 185. Growth momentum & CAGR. Electric vehicles are gaining popularity and market share. The electric car rental market size is estimated to grow at a CAGR of 12. Details. Auto rental is the service of renting automobiles for a set period of time through online or offline channels. Prior to COVID-19, the car rental industry in Thailand was expanding steadily and profitably, and more individuals were hiring cars than in prior years. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. 120. Click on image to enlarge:The Thailand Car Rental Market is valued at USD 811. 4 billion in 2021 and is estimated to grow to about USD 132. 2 Million in 2020, at a CAGR of 15. 5 billion by 2033. That’s a huge decline from. The total number of road motor vehicles registered in Canada increased to 26. 6% during the forecast period. Forecast period. The Market Outlook. 18 trillion during 2021-2025, progressing at a CAGR of. Autonom Service, a car rental company, invested Euro 15 million (USD 16. 79 Billion in 2021 and is projected to reach USD 125. Basis Point Share (BPS. Forecast period. 4bn by 2028. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. 2% during the forecast period (2023-2029) Canada Electric. The cost-effective and convenient mobility service, the growing concerns over greenhouse gas emissions, and the government policies encouraging the adoption of carsharing. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's. The electric car rental market is poised to grow by $11246. 39%, resulting in a projected market volume of US$103. 64% between 2022 and 2027. 64% between 2022 and 2027. 21 billion, at CAGR of 6. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. Electric Car Rental Market is poised to grow at a CAGR of 14. DOWNLOAD PDF. Economy & mid-sized sedans and compact SUVs accounted for around 80% of the combined rental and lease fleet. 64% between. 1% from 2021 to 2028. Driven by Increasing Demand from the Working-age Population and Expansion of the Tourism and Travel Industry, the car rental market in the Netherlands has ample growth potential in the coming years. 13 billion in 2023 to USD 1,139. The global electric car rental market is poised to grow by USD 7. Follow. is about $400 million, compared to the $24 billion in revenue for the traditional car rental market. Our latest report on the luxury-automobile market updates McKinsey’s extensive research on the sector. . 52%, resulting in a projected market volume of. The global electric vehicle (EV) charging infrastructure market size was valued at USD 19. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. 5% according to RationalStat. The car sharing market size was worth USD 2. The increasing popularity of smartphone-based online rental car booking apps, the car rental business has gotten a lot of attention. Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. New York, March 09, 2020 (GLOBE NEWSWIRE) -- Reportlinker. 4% in the 2021-2028 period. Strategic collaborations among the market. Wilmington, Delaware, Sept. 65 mn during 2022-2027, accelerating at a CAGR of 12. In Europe, car rentals are usually available at affordable costs. 48 billion in 2023 to USD 1,579. 4 million by 2027, increasing from $92,252. 32 billion in 2023 to USD 119. This was over two and a half times more than in 2018. Global sales will miss pre-pandemic levels, with just 3% more new cars and 1% more commercial vehicles sold than in 2023. Global Luxury Car Rental Market Size Worth 84. e. Europe will account for 42% of the growth of the global market during the forecast period. At 24. Reserve today. On the one hand, some automotive OEMs develop car-sharing services in-house and leverage the opportunity to bring their own vehicles into the fleet at lower price points, which gives advantages in operating costs to. The car rental industry in Dubai alone accounted for 23. The India car rental market is projected to grow at a CAGR of 9. , Sixt Rent A Car, LLC, Europcar. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. 55 billion in 2028 at a CAGR of 6. The global golf cart market size was USD 1. SAN FRANCISCO, Sept. usage of the Battery based electric vehicles into the industrial perspective of operations and within the Global Electric car rental market. UK: forecast public charging revenue per electric vehicle 2016-2027. 94bn in 2023. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD 8. 3 million electric cars were sold in the first quarter, about 25% more. 13, 2022 (GLOBE NEWSWIRE) -- The global car rental market size was worth at around US$ 102. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2. Market growth was disrupted owing to lockdowns and the reduced income of the population. 22, 2023 (GLOBE NEWSWIRE) -- The . Growth rate of total car rental market is going to increase over the period as car leasing becomes easier, and market penetration rates increase in the country. EV Market’s Surge Toward $57 Trillion Sparks Global Flashpoints. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. This press release features multimedia. 6 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6. Key Companies Covered in the Global Car Rental Market Research Report by Research Nester are Hertz Global Holdings, Inc. It is bigger than it looks and has enough. Revenue in the Car Rentals market is projected to reach US$29. 65 mn during 2022-2027, accelerating at a CAGR of 12. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected]% by 2027; Rising Demand from Corporate Travelers to Drive Market Growth of Car Rental. The research report also covers the. The global electric car rental market is forecast to grow by. 7% in Q2 of 2021). New Study Reports “Electric Car Rental Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. 6 million, representing close to 9% of the global car market and more than tripling their market share from two. The Global Car care products market was valued at USD 6. 5% from 2023 to 2030. Electric Car Rental Market Research Report. Car rental is a service that offers a platform to rent a car for a short time at affordable rates. The Electric Car Rental Market is poised for significant growth as more consumers prioritize sustainability in their travel choices. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. Electric Car Rental Market Electric Car Rental Market Size is expected to cross USD $19 billion by 2027 at a CAGR of 15% during the forecast period 2022-2030 $19 Billion Market Size 15% CAGR Asia Pacific Dominating Region 2022-2030 Forecast Period Segmentation By Vehicle Type Battery Cars Hybrid Car. NEW YORK, Nov. The Global Electric Car Rental Market will grow by $7. The global commercial vehicle rental and leasing market size was valued at USD 77. MRFR also estimates that the market expansion rate to be 15?tween 2019 and 2025 (appraisal period). Chapter 2: Exclusive North America accounted for the largest share in the Electric Car Rental market in 2022 owing to the increasing collaboration activities by key players over the forecast. , Aug 08, 2022 A2Z Market Research announces the release of Electric Vehicle Rental Market research report. 30, 2023 (GLOBE NEWSWIRE) -- The electric vehicle charging station market size to hit USD 111. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. As…Europe Vehicle Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028). NWTN Inc. This growth is mainly due to the increasing adoption of electric bikes as a mode of transportation on a daily basis globally. 04 billion by 2027, registering a CAGR of 10. Global Electric Car Industry. 1 billion in 2022, and is projected to reach $2. Prior to COVID-19, the car rental industry in Thailand was expanding steadily and profitably, and more individuals were hiring cars than in prior years. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by $7. 54 billion in 2022. 42 billion by 2027, registering a CAGR of 14. The economic growth for 2020 was the weakest since the 1998 Asian financial crisis. 42 Million by 2027 registering a CAGR of over 9. A detailed study accumulated to offer Latest insights about acute features of the Electric Car Rental market. Vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. The COVID-19 pandemic caused the region's vehicle rental market to slow down completely due to the sudden and complete suspension of. The report shows that electric vehicles (EVs) currently make up only 3% of car sales worldwide. China was the frontrunner once again, accounting for around 60% of global electric car. This was over two and a half times more than in 2018. 2 days ago · OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38% Gwyn Topham and Jillian. 66%The African market for electric car rental services can perform well in the ensuing years, all because of the favorable growth of the tourism industry. The various travel restrictions and lockdowns implemented. 92 billion in 2022. The car industry will stay in low gear in 2024. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. [221 Pages Report] The global ride sharing market was valued at USD 85. 6% of the total auto market (up from 2. com's offering. North America to Have Lions Share in Car Rental Market By region, the car rental market covers growth opportunities and the latest trends across Europe, the Asia Pacific (APAC), North America, and. The electric-vehicle land grab is reshaping economies and challenging political allegiances. By contrast, electric car sales are lagging in most emerging and developing economies where only a few models are often available and at prices that are unaffordable for mass-market consumers. 83% to reach US$2. add_box. 69 billion in 2022 to USD 131. In 2021, electric car sales more than doubled to 6. The Electric Car Rental Market study with 113+ market data Tables, Pie charts & Figures is now released by HTF MI. To meet a charger-to-car ratio of 7:1 — which the California Energy Commission concluded would be needed to support the state’s goal of 5 million EVs on the road by 2030 — the entire country. The Global Car Rental Market is forecast to grow. . 39 million by 2028, indicating a Compound Annual Growth Rate. Apr 19, 2023 (The Expresswire) -- "Electric Car Rental Market" 2023-2030 | [120] | Delivers a In-depth analysis of industry Demand with analysis of leading. 6 Billion by 2030, growing at a CAGR of 4. 65 mn during 2022-2027, accelerating at a CAGR of 12. March 20, 2023 13:18 ET | Source: Vantage Market Research. 120. In contrast, the United States market for BEVs. 4 Billion in 2021 and is projected to. Out of this, e-hailing accounted for the largest share, $120 billion to $130 billion, which is more than 90 percent of the total market. The global car rental & leasing market size was valued at USD 641. That is just 5% of total car sales, but it shows we're already entering the steep part of the S. The car rental service market is estimated to expand at 7. 92 billion in 2019 and is projected to reach $214. 9% from 2023 to 2030. Global Electric Car Rental Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics. 64% between 2022 and 2027. The Car Rental market was estimated to be worth. 18 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9. 99%, resulting in a projected market volume of. 80% during 2023-2028 . Growing adoption of information technology in the industry is enabling operators to deliver enhanced services to. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. In Q2 2022, EV sales accounted for 5. 21 billion by 2030, exhibiting a CAGR of 7. The market leaders tried to maintain their strong presence by acquiring other well-known brands such as Dollar, Thrifty, National and Alamo. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. 07 billion by 2027, projecting a CAGR of more than 11% during the forecast. 2% in terms of revenues during 2022-2028. 6. 01% during the period 2017-2021. The electric car rental market size is estimated to grow at a CAGR of 12. The growth of the travel and tourism sector. According to our primary respondents’ research, the Electric Car market is predicted to grow at a CAGR of roughly 19% during the forecast period. 16 billion in. 26 billion in 2023 to USD 63. 10 years later in 2021, that figure had grown close to 7 million vehicles. With the outbreak of COVID-19 , many new habits emerged, including social isolation, cleanliness, sanitation, and working from home. Global Electric Car Rental Market 2020-2024 The analyst has been monitoring the global electric car rental market and it is poised to grow by USD 7. Market Growth Drivers: – Growing demand for a flexible alternative to owning a car without any ties or liability. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022. 14 billion during 2020-2024, progressing at a CAGR of over 11% during. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. 57 billion in 2030, with a CAGR. 0 million by 2029. Electric Car Rental Market report from ReAnIn offers insights on Global Market Size (Historical and Forecast), Market Share, Latest Trends across Market Segments, Competitive Landscape and Market Dynamics. The attractive incentives being offered by the. About Us. The market is. According to a report by Allied Market Research, the global electric vehicle rental market size was valued at $15. 7% between 2016 and 2020. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least. The shared-mobility market (as defined in the sidebar) accounted for approximately $130 billion to $140 billion in global consumer spending in 2019 (Exhibit 1). Electric vehicles are gaining popularity and market share. 65 mn during 2022-2027, accelerating at a CAGR of 12. 4 Billion in 2021 and is projected to reach a value of USD 126. The global electric vehicle rental market is estimated to garner a substantial revenue and grow at a CAGR of ~7% over the forecast period, i. The research report is titled “Electric Car Rental Market research by Types (Economy cars, Luxury cars), By Applications (Electric. Various factors, including the diversification of services, increasing urbanization, rising disposable income, ascending preference for on-demand transportation, and growth of tourism, have played a major role in the market growth. 89 billion in 2022 to USD 214. The passenger vehicle (PV) segment remained dominant with 73. 69 billion in 2021 to USD 2. -October 29, 2020 at 04:31 am- MarketScreener. Report Coverage. 1 billion by 2026, at a CAGR of 16. The Nissan LEAF is a well-equipped hatchback that comfortably seats 5. Electric Car Rental Market is Expected to Reach the Value of USD 28903. 0 billion in the current year. The report analyzes the car rental market’s drivers, restraints/challenges, and the effect they have on the. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. . The Car. Nissan LEAF. Key takeaways. Car rental market growth accelerated by rising growth of the travel and tourism sector and increased awareness about electric mobility servicesNew York, US, April 30, 2023 (GLOBE NEWSWIRE. A number of trends are influencing the car rental market, which include the transition to electric car rental vehicles, the increasing use of rental cars for leisure purposes and the incorporation of shared mobility into the car rental business model. The Car rental market accounted for USD 119. New York, June 21, 2021 (GLOBE NEWSWIRE) -- Electric Car Rental Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “ Electric Car Rental Market. Key Insights from Primary Research: As per the analysis shared by our key respondents, the Electric Vehicle market is expanding at a CAGR of around 24. Growth momentum & CAGR. electric vehicle market size was USD 24. The demand for car rental services is being driven by a significant uplift in the number of people traveling for both business and pleasure all over. The ride sharing market has gained popularity over the past few years because companies are trying to make. 83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15. 50 billion in 2022 to $9. 9 billion in 2022. . 2020. 3% during the forecast period. 15% during the forecast period (2023-2028). New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region. Report Overview. The market is projected to grow from USD 728. Growth momentum & CAGR. Market consumption volumes declined with a CARC of . The growth of the electric car rental market can be attributed to the rise in demand for eco-friendly vehicles and the decrease in the cost of ownership. 65 million from 2022 to 2027. Details. Malaysia Electric Two-Wheeler Market Growth Strategy 2022 Industry Key Players, Future. Comprehensive details of factors that will challenge the growth of car rental market vendors;. The global demand for Electric Car Rental Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. 6 Billion by. 64% between 2022 and 2027. 14 billion during 2020-2024. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region. The Car Rental industry is projected to grow USD 200. Sustained policy support has been one of the main reasons for strong electric car sales in many markets, with overall public spending on subsidies and. 1 billion by 2030, with a CAGR of 6. 5% from 2023 to 2032. 21 Billion value by 2027, exhibiting a CAGR of 6. 65 mn during 2022-2027, accelerating at a CAGR of 12. Rent growth is predicted to outpace home sales price growth in 2022, and in some markets, renting may become the less-affordable option. Trend 1: Europe continues to lead EV adoption. 7% from 2020 to 2027. Over 2. Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and is recovering strongly from the economic crisis after pandemic. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. Electric Car Rental Market Highlights Market Research Future (MRFR) expects the Electric Car Rental Market to expand to a size of approximately USD 15 Billion by 2025-end. In terms of quantitative data, current market size, competitors. The expanding travel and tourism industry, rising trend of business and corporate travel, changing attitude toward car ownership, rapid. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. 8 million in 2022. The Future of Bike and Scooter Rental Market Economy Size Expected a Growth of $ 11,040 Million by 2028, According to Vantage Market Research (VMR) WASHINGTON, Dec. 9 billion in 2022 and is estimated to showcase around 20% CAGR during 2023 to 2032, driven by the rising implementation of stringent government regulations for reducing emissions. A detailed market share and penetration of different types, processes, and geographies in the Electric Car Rental market from 2001 to 2028 is included. The. WASHINGTON, Oct. It provides majorly two types of information qualitative and quantitative. By 2025 20% of all new cars sold globally will be electric, according to the latest forecast by the. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric. com 📞 +1 (855) 661-4441(US) 📞. 2 Billion in 2022. 14 bn during 2020-2024, progressing at a CAGR of over 11% during the forecast. 65 mn during 2022-2027, accelerating at a CAGR of 12. 65 million from 2022 to 2027. 5% during the forecast period. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 10 years later in 2021, that figure had grown close to 7 million vehicles. A housing market price drop 'only seen a handful of times' is coming in 2024, Morgan Stanley says. The Electric Car Rental Market is poised for continued growth. 7 per cent growth in new companies registering this year as per RTA figures. The African market for electric car rental services can perform well in the ensuing years, all because of the favorable growth of the tourism industry. Global Electric Car Rental Market Growth (Status And Outlook) 2023-2029. 45 billion in 2021 and is projected to grow from USD 3. Report Coverage. Dublin, Nov. , Fox Rent A Car, Avis Budget Group, Inc. The U. An electric bike is a bicycle with a motor and rechargeable batteries that assist the rider and alleviate some of the pressure of pedaling. Electric Car Rental Market report from ReAnIn offers insights on Global Market Size (Historical and Forecast), Market Share, Latest Trends across Market Segments, Competitive Landscape and Market Dynamics. S. The Car rental market accounted for USD 119. Market Research. 54 billion in 2022. 47 billion in 2018 and opportunities are poised growing with a compound annual growth rate (CAGR) of 11. 11% through 2028 on account of country's increasing domestic automobile market and increased exports. The study report offers a comprehensive analysis of Global Electric Car Rental Market size across the globe as regional and country-level market size analysis, CAGR estimation of market growth. Accelerate at a CAGR of 11. The segment value, growth, revenue, and demand in the market. 6% of the total auto market (up from 2. Furthermore, by 2027, car rental industry statistics predict that the market will have increased by 3. 92 billion in 2019 and is projected to reach $214. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. Due to the rising focus to decrease the emission of harmful. New York, June 21, 2021 (GLOBE NEWSWIRE) -- Electric Car Rental Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Electric Car Rental Market. Electric Car Rental Industry compound annual growth rate (CAGR) will be XX% from 2023 till 2030. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. The Thailand Car Rental Market is valued at USD 811. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD. Market consumption volumes declined with a CARC of -6% between 2016 and 2020, to reach a total fleet size of 73,400 in 2020. The car rental market in UAE, under both rental and leasing models had a fleet of 110,000 passenger vehicles and 85,000 commercial vehicles in 2018 (with a total of 195,000). 65 million. , but industry analysts anticipate the EV market share in the U. 7% from 2021 to 2028. EV sales are expected to continue strongly through 2023. C. Automobile Rental & Leasing Market Analysis. This study examines the current state and future prospects of the global Electric Car Rental Market 2023 over the study period. 42 billion in 2021. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. The global electric scooters market size was estimated at USD 33. 47 Million in 2021 and is expected to reach USD 1261. 2% in terms of revenues during 2022-2028. 64% during the forecast period. 1 billion by 2032, growing at a CAGR of 6. 01 million by the end of 2030. 11, 2023-- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. The global market size was valued USD 24. The UAE Electric Vehicle Market size is projected to grow at a CAGR of 24. 13 billion in 2023 to USD 1,139. 4 Billion in 2021 and is projected to. Base year. this year, according to Atlas Public Policy. to rise to 50 percent by 2030. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. With lockdowns and travel restrictions, the demand for car. 54 billion in 2023, boasting a noteworthy Compound Annual. This kicked off a price war in the segment that dragged down the value of new EVs from Ford and GM. NEW YORK, Jan. Premium Report Details. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. According to the Market Statsville Group (MSG), the global car rental market size is expected to grow from USD 99,430. 2 days ago · Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U. The global car rental market size was valued at $92. 91 billion in 2023 at an impressive Compound Annual Growth Rate (CAGR) of 16. and among others. A significant rise in the number of people taking business and leisure trips across the globe is driving the demand for car rental services, thereby propelling the industry’s. The report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Rent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. 21 billion in 2022 to USD 113. 01 billion in 2020, and is projected to reach $823.