Green Automotive Mobility

Global Green Automotive Mobility Market to Reach US$15.7 Billion by 2030

The global market for Green Automotive Mobility estimated at US$11.2 Billion in the year 2024, is expected to reach US$15.7 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2024-2030. Battery Electric Vehicles, one of the segments analyzed in the report, is expected to record a 7.3% CAGR and reach US$6.2 Billion by the end of the analysis period. Growth in the Hybrid Electric Vehicles segment is estimated at 5.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.1 Billion While China is Forecast to Grow at 9.4% CAGR

The Green Automotive Mobility market in the U.S. is estimated at US$3.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 9.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Global Green Automotive Mobility Market – Key Trends & Drivers Summarized

Why Is Green Automotive Mobility Becoming a Central Pillar of the Transportation Sector?

Green automotive mobility is rapidly transforming the global transportation landscape as governments, industries, and consumers strive to reduce carbon emissions, combat urban pollution, and transition to cleaner energy systems. At its core, green mobility includes the use of electric vehicles (EVs), hydrogen fuel cell vehicles, hybrid systems, and other low-emission transport technologies designed to reduce dependence on fossil fuels. The urgency to decarbonize road transport, which accounts for nearly a quarter of global CO2 emissions, has made green automotive solutions not just environmentally desirable, but economically and strategically essential.

Cities around the world are committing to net-zero emissions targets, and green mobility is central to achieving these goals. Initiatives such as zero-emission vehicle mandates, fuel economy regulations, and urban access restrictions for polluting vehicles are accelerating the shift toward cleaner transportation modes. In parallel, the COVID-19 pandemic has reinforced the value of resilient and sustainable urban mobility, prompting an expansion of green infrastructure including EV charging stations, smart grids, and dedicated lanes for electric and shared vehicles. These developments are reorienting automotive investment strategies and reshaping consumer preferences toward sustainable alternatives.

How Are Technologies and Business Models Redefining Green Mobility Solutions?

Technological innovation is at the heart of green automotive mobility, driving advancements in powertrain efficiency, battery chemistry, energy management, and integration with smart infrastructure. Next-generation lithium-ion batteries, solid-state batteries, and ultra-fast charging systems are extending the range and reducing the charging time of electric vehicles, which remains a key barrier to adoption. At the same time, hydrogen fuel cell vehicles are gaining momentum in heavy-duty transport segments—such as buses, freight trucks, and long-haul transit—where battery electric solutions face limitations due to payload and range requirements.

In addition to hardware evolution, new mobility-as-a-service (MaaS) models are redefining how green vehicles are accessed and utilized. Electric car-sharing fleets, subscription-based mobility platforms, and autonomous EV pilots are emerging in major urban markets, offering flexible, low-emission alternatives to car ownership. Integrating these platforms with public transit systems and smart city infrastructure is facilitating multimodal mobility experiences that are both sustainable and efficient. Software platforms powered by AI and IoT are enabling energy optimization, predictive maintenance, and seamless vehicle-to-grid (V2G) interactions, further advancing the ecosystem’s intelligence and sustainability.

Which Regions and Sectors Are Driving the Acceleration of Green Automotive Mobility?

The green automotive mobility revolution is led by early-adopting regions such as Europe, China, and North America. Europe’s strong regulatory push, exemplified by the EU’s Fit for 55 package and combustion engine phase-out policies, has fueled the continent’s rapid EV adoption and green infrastructure rollout. China, with its ambitious New Energy Vehicle (NEV) policies and dominance in EV manufacturing and battery supply chains, remains the global frontrunner in electric mobility deployment. In the U.S., new federal incentives under programs like the Inflation Reduction Act are reinvigorating domestic EV production, battery innovation, and charging network expansion.

Different sectors are contributing to this transition at varying paces. The passenger vehicle segment leads in electrification, especially in urban and suburban areas where short-distance commuting supports EV range limitations. However, commercial fleets, last-mile delivery services, public buses, and municipal vehicles are now emerging as fast-growing segments due to favorable total cost of ownership (TCO) metrics and dedicated fleet electrification mandates. In parallel, green hydrogen is gaining favor in industrial transport, maritime shipping, and aviation as these sectors seek scalable decarbonization pathways beyond battery-electric alternatives.

The Growth in the Green Automotive Mobility Market Is Driven by Several Factors…

The growth in the green automotive mobility market is driven by several factors rooted in technological innovation, regulatory action, and evolving end-use applications. On the technology front, breakthroughs in battery energy density, cost reductions in EV components, and rapid advancement in charging infrastructure have dramatically improved the viability and convenience of green vehicles. The introduction of energy-dense solid-state batteries, standardized charging protocols, and smart grid compatibility has addressed major pain points related to range anxiety, charging time, and infrastructure fragmentation.

From an end-use standpoint, the electrification of fleet services, urban logistics, and public transport is accelerating due to supportive procurement policies, emissions-based access restrictions, and growing ESG commitments by corporations. Green automotive mobility is also benefiting from rising consumer environmental consciousness, supported by government incentives, tax rebates, and the expanding availability of affordable EV models. Moreover, coordinated global action—through mechanisms like COP agreements, cross-border clean vehicle partnerships, and sustainable finance initiatives—is helping align public and private investments toward green transportation outcomes. These drivers collectively position green automotive mobility as a foundational pillar of the next generation of global transportation systems.

SCOPE OF STUDY:

The report analyzes the Green Automotive Mobility market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles, Fuel Cell Electric Vehicles, Other Types); Vehicle Type (2 Wheeler Vehicles, 3 Wheeler Vehicles, 4 Wheeler Vehicles, Other Vehicle Types)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 32 Featured) -

• BMW Group
• BYD Company Ltd.
• Daimler AG (Mercedes-Benz)
• Engie SA
• Ford Motor Company
• General Motors Company
• GreenGo Car Europe Ltd.
• Honda Motor Co., Ltd.
• Hyundai Motor Company
• Kia Corporation
• Nissan Motor Co., Ltd.
• Stellantis N.V.
• Tata Motors Limited
• Tesla, Inc.
• Toyota Motor Corporation
• Uber Technologies Inc.
• Volkswagen AG
• Volvo Car Corporation
• Waymo LLC
• ZeroAvia, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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