Electric Mobility Market Segmentation:
Product Segment Analysis
The electric car segment is expected to account for 40% of the global e-mobility market by 2035. Consumer demand for luxury EVs plays a major role in expanding the segment’s growth. The EV sales are rapidly increasing as companies are actively contributing to environmental sustainability in automotive production. In January 2025, BMW Group exceeded its previous yearly results, delivering 426,594 fully-electric models, which represented a 13.5% sales increase. The BMW brand sold 368523 EVs, which demonstrated an 11.6% increase, and the MINI brand reached 56.181 EVs after experiencing a 24.3% growth. The Rolls-Royce brand surpassed other marques with an impressive growth rate of 479.6% to sell a total of 1,890 EVs. Rising incomes of consumers enable the purchase of premium zero-emission vehicles, offering environmentally friendly solutions, advanced technology, and performance capabilities.
Major companies are accelerating the segment’s growth through their rapid development of EV charging infrastructure. In October 2023, BP Pulse announced a USD 100 million agreement to acquire Tesla’s ultra-fast charging hardware, as part of BP's EV charging business division. Tesla's ultra-fast chargers will be purchased through a new agreement with a separate EV charging network. The charging infrastructure continues to evolve through novel developments that are providing better experiences to plug-in vehicle owners while accelerating the adoption of EVs.
Battery Segment Analysis
The Li-ion segment is expected to garner a significant share between 2026-2035. The increasing demand for lithium-ion batteries is a major factor that is stimulating the segment’s growth. As per the report from the International Energy Agency (2024), the demand for lithium batteries accounted for around 140 Kt in 2023. The surge in EV requirements is further intensifying the need for battery recycling methods to manage raw material deficits while cutting emissions and the disposal of used power packs. The advancements in battery recycling technologies drive manufacturers and automotive companies to extract materials such as cobalt, lithium, and nickel, which they can reintroduce to supply chains.
Our in-depth analysis of the global electric mobility market includes the following segments:
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Voltage
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Vehicle Type |
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Battery |
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