Green Automotive Mobility Market

The market size is around US$188.7 Bn as of 2022. By the end of 2030, the market valuation is projected to thrive at a staggering CAGR of more than 21%.

The 4 wheeler category of the global market for green automotive mobility holds the largest revenue share.

Companies in the global green automotive mobility market encounter challenges like high initial investment costs, concerns over battery technology limitations, and the need for an extensive charging infrastructure. Government incentives and subsidies to offset costs, as well as R&D investments in advanced battery technologies will be helpful in the years to come.

To capitalise on the growing consumer interest in sustainable mobility, companies will prioritise consumer-centric product development. This involves offering a range of EV options to cater to different consumer needs and budgets, along with providing a seamless and user-friendly charging experience.

Besides Tesla, BYD, BMW, Nissan, Daimler AG, and General Motors, the other big names include companies like Ford, Kia, Maruti, Volkswagen, and Tata Motors.