The planet earth is currently going through massive transformation. In order to help it survive through current trouble times and ensure it remains a better place for our future generations, we have to take some aggressive steps. Along with global warming, which is due to rise in the levels of greenhouse gases, depleting coral reef is also a threat for mankind. A bright future demands low use of conventional sources of energy, which will help in bringing down the levels of pollution along with maximum use of organic products. Going green is the biggest agenda of majority of leading nations, as they are relentlessly trying to reach zero emissions. While countries like the United States and England have already pledged to bring down their carbon emissions to zero by 2050, developing nations like India have vowed to do so by year 2070. Leading federal governments across the globe are encouraging green mobility to create a positive impact. Green mobility is primarily bringing down the level of pollution (both air and noise) which is caused because of transport along with addressing the issue of climate change in the transport sector through mitigation and adaptation. The global green mobility market is taking giant strides on the path of progress in wake of changing situation.
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While majority of industries and market saw their growth bar slumping, the global green mobility market flourished during the COVID-19 pandemic. Travelling curbs, shutdown of various industries was more of a breather for this beautiful planet as levels of pollution fell massively. Air quality in highly polluted countries like China changed drastically compared to last few decades.
One of the biggest factor that drives the growth of the global green mobility market is growing concerns towards environment pollution which ultimately enhances the adoption of electric vehicles across the younger generation. Along with this, several favorable initiatives by governments are proving helpful for the growth of this market.
Meanwhile, unavailability of adequate charging stations or infrastructure is a major concern for the growth of the global green mobility market. This is the reason why this market cannot market itself in full force. On the other hand, the global green mobility market is forecasted to witness massive growth over the period of forecast in wake of several strategic investments along with introduction of latest and highly advanced electric vehicle models which have better charging capabilities.
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Key Takeaways - Global Green Mobility Market:
- Electric mobility segment mints major chunk of money for the global green mobility market courtesy of hybrid electric vehicles and battery electric vehicles. While top companies like Tesla have launched pure electric vehicles, other companies like Hyundai and Honda have introduced hybrid electric vehicles.
- E-bikes and E-scooters are being extensively used for both, personal and commercial purposes. Logistics and food delivery companies are rampantly using e-scooters, which is proving extremely helpful for them compared to normal fuel engine-based vehicles.
- The region of Asia Pacific is forecasted to witness growth at the fastest rate. Countries like China and India are the biggest market places and are very much concerned about growing level of pollution.
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A few of the key players operating in the global green mobility market are listed below:
- Daimler AG.
- Ford Motors Company
- Geely Auto
- General Motors
- Hyundai Motor Company
- KIA MOTORS CORP.
- Snam SPA
- TATA Motors Limited
- Volvo Car Corporation
- Other Market Participants
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Global Green Mobility Solution Providers:
- Snam SPA
- Other Market Participants
Global Green Mobility Market
- Electric Mobility
- Hybrid Electric Vehicles
- Battery Electric Vehicles
- Plug-in Hybrid Electric Vehicles
- Fuel Cell Electric Vehicles
- Gas Mobility
By Vehicle Type
- Two Wheelers & Three Wheelers
- Passenger Vehicles
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Mass Transit Infrastructure
- Urban Logistics
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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