U.S. Electric Mobility Market expanding at a CAGR of 19.8% over the forecast period
U.S. Electric Mobility Industry Overview The U.S. electric mobility market size was valued at USD 28.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 19.8% from 2021 to 2028. Over the past decade, the growing carbon emission from traditional fuel-based vehicles has been a critical concern for government authorities. The sustainability move toward smart cities is one of the key factors responsible for the adoption of eco-friendly and cost-effective transportation. Since electric scooters run on batteries, there are no carbon or gaseous emissions from these vehicles. This mode of transportation is gaining penetration amongst environmentally conscious commuters. The pandemic has adversely affected the automotive industry, leading to a decline in the overall growth of the electric mobility market due to low automotive sales and reduced new requirements during the first half of 2020. Gather more insights about the market drivers...