Electric Vehicle Rental Market Analysis

The market is segmented by vehicle type into battery, hybrid, and plug-in electric vehicle, out of which, the battery electric vehicle segment is anticipated to hold the largest share in the global electric car rental market. This can be accounted to the increase in production of battery-operated electric vehicles around the world, and rising technological innovations by market players for developing new and improved batteries, including graphene aluminum-ion and Li-ion batteries. Additionally, on the basis of booking type, the online access segment is assessed to gather the largest share over the forecast period owing to the growing dependence of users on smartphones, and escalating availability of demand-oriented mobility solutions. Apart from these, surge in development of applications aimed at offering car rentals is also considered to propel the growth of the market segment in the imminent time.  

Our in-depth analysis of the global electric car rental market includes the following segments