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.
“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.
Image credit: By SanJoaquinRTD – Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=26374961