The Electric Car Rental Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Electric Car Rental Market?
The market size of electric car rental has experienced a significant expansion recently. In 2024, it stood at $11.29 billion and it is expected to increase to $13.06 billion in 2025, experiencing a compound annual growth rate (CAGR) of 15.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Electric Car Rental Industry?
The Electric Car Rental market is predicted to reach a size of $23.06 billion by 2029, expanding at a compound annual growth rate (CAGR) of 15.3%.
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What are the Key Growth Drivers Fueling the Electric Car Rental Market?
The key drivers in the electric car rental market are:
• Expansion of electric vehicle models
• Global rise in eco-tourism
• Focus on green certification for rentals
• Integration with mobility-as-a-service (maas)
Global Market Segmentation: Identifying Major Electric Car Rental Industry Segments
The electric car rental market covered in this report is segmented –
1) By Vehicle Type: Battery Cars, Hybrid Cars, Plug-In Electric Cars
2) By Vehicle Category: Economy Cars, Luxury Cars
3) By Application: Leisure Or Tourism, Business
4) By Booking Type: Online, Offline
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What are the Emerging Trends Shaping the Future of the Electric Car Rental Market?
The key trends in the electric car rental market are:
• Partnerships with ride-hailing services are becoming a key trend in the electric car rental market.
• Innovative pricing models are gaining popularity within the industry.
• The adoption of contactless rental services is a significant emerging trend.
• There is an increasing focus on data analytics, predictive maintenance, and incorporation of autonomous features in electric car rentals.
Who Are the Top Competitors & Leading Players in the Electric Car Rental Market?
Major companies in the electric car rental market are:
• Zipcar
• Avis Budget Group Inc.
• Enterprise Holdings Inc.
• Europcar Mobility Group
• The Hertz Corporation
• Chefenxiang
• DriveElectric
• Easirent
• Green Motion International
• Sixt SE
• Wattacars
• Zoomcar
• Blink Mobility
• Share Now GmbH
•E-Car Club
• Eco Rent a Car
• Ecomilhas
• Ecomobix
• Ekar
• Electric Car Rentals
• EVision Electric Car Hire
•E-Wheels
• GIG Car Share
• Green Cabs
• Greenz Car Rental
• MILES Mobility
• Oply
• Spark Rentals
• Sparky
• Wattmobile
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the electric car rental market in 2024
