U.S. Electric Mobility Market To Reach $171.87 Billion By 2030

U.S. Electric Mobility Market Growth & Trends

The U.S. electric mobility market size is expected to reach USD 171.87 billion by 2030, expanding at a CAGR of 20.2% from 2025 to 2030, as per the study conducted by Grand View Research, Inc. Surge in the adoption of electric vehicles, especially e-scooters among the youth, quick urbanization, and increasing purchasing capacity in the country are expected to significantly increase the demand for electric mobility in the U.S., thereby supporting the market growth. Furthermore, growing concerns about the rapidly rising carbon footprint and greenhouse gases from the transportation and automotive industries are encouraging state and country-level regulatory bodies to set up policies that promote the adoption of energy-efficient vehicles.

An increasing number of governments are setting regulations, objectives, and policies for electric vehicle deployment, signaling OEMs and other industry stakeholders to actively participate in the industry, and building confidence based on mobilizing investments and policy frameworks. For instance, the Alliance for Zero Emission Vehicle (ZEV), including the European region and its countries, Canadian provinces, and several states in the U.S., has announced that it will strive to make all passenger vehicle sales in the jurisdiction of the member countries and states ZEVs by 2050.

The increasing spread of the COVID-19 pandemic has resulted in a global economic slowdown. Lockdowns and restrictions implemented in various parts of the world to reduce the spread of the virus led to temporary termination of multiple production facilities and disruption in various supply chain activities in North America during the first half of 2020. However, with the ease of lockdown restrictions and a significant economic revival, the electric mobility market in the U.S. is expected to witness growth over the forecast period.

Some of the dominant players in the market are Accell Group, Airwheel Holding Limited, Derby Cycle, HARLEY-DAVIDSON, Honda Motor Co. Ltd., Invacare Corporation, Lohia Auto Industries, and Ninebot Ltd. These players focus on new product launches and partnerships and collaboration to enhance their offerings and geographic presence. For instance, in January 2021, Ninebot Ltd. announced a new e-scooter, Ninebot S Max, with steering wheels. It includes hand control steering wheels and a display unit. The built-in display helps riders monitor the scooter's speed in real-time.

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U.S. Electric Mobility Market Report Highlights

• The e-car segment dominated the market with 83.5% revenue share in 2024, primarily due to the increasing consumer preference for EVs as a sustainable transportation option.

• The 24V segment dominated the market with the highest revenue share in 2024 due to its widespread application in various EV models.

• The Li-Ion segment dominated the market with the highest revenue share in 2024 due to its established reputation for efficiency and performance in EVs.

• The NiMh segment is expected to grow at a significant CAGR over the forecast period as advancements in battery technologies enhance their performance and reduce costs.

U.S. Electric Mobility Market Segmentation

Grand View Research has segmented the U.S. electric mobility market on the basis of product, voltage, and battery:

U.S. Electric Mobility Product Outlook (Revenue, USD Million, 2018 - 2030) 

• E-Scooter

• E-Bicycle

• E-Skateboard

• E-Motorcycle

• E-Car

• E-Wheelchair

U.S. Electric Mobility Voltage Outlook (Revenue, USD Million, 2018 - 2030)

• 24V

• 36V

• 48V

• Greater than 48V

U.S. Electric Mobility Battery Outlook (Revenue, USD Million, 2018 - 2030)

• Sealed Lead Acid

• NiMh

• Li-Ion

List of Key Players of U.S. Electric Mobility Market

• Accell Group

• Airwheel Technology Holding (USA) Co., Ltd.

• Derby Bicycle

• HARLEY-DAVIDSON

• Honda Motor Co. Ltd.

• Invacare Holdings Corporation

• SEGWAY INC.

• Lightning Motorcycles

• Nissan Motor Co., Ltd

• BMW AG