EV Micromobility Market to Grow with a CAGR of 16.71% through 2031F

The growing demand for environment friendly automobiles and rise in the crude oil prices are expected to drive the demand of the global EV micromobility market for the forecast period 2027-2031.

According to TechSci Research report, “EV Micromobility Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2031F”, The Global EV Micromobility Market will grow from USD 8.73 Billion in 2025 to USD 22.06 Billion by 2031 at a 16.71% CAGR. EV micromobility uses several vehicles such as E-Scooters, E-Kick-Scooters, E-Mopeds, among others. These are in high demand across the globe as they cover short distances without impacting the environment adversely. The rising greenhouse emissions into the environment have created the need for initiatives to lower the adverse effects of climate change, fueling the demand for electric vehicles around the globe. EV micromobility uses clean energy and drives with the help of a battery that needs to be recharged periodically to drive the vehicle. The use of EV micromobility for commercial purposes such as the transportation of heavy loads over shorter distances as they offer flexibility to travel through traffic and are cost-effective is driving the demand for the global EV micromobility market. The growing demand for electric kick scooters and bicycles through renting and sharing services influences the market demand. Supportive government policies providing incentives, subsidies, tax rebates to the electric vehicle manufacturers, and launch of schemes promoting domestic production in developing countries are expected to create lucrative opportunities for the global EV micromobility market for the next five years. Development of the charging infrastructure to add convenience to the rider while traveling and the reduction in the cost of electric batteries are expected to fuel the market demand.

Market players are investing huge amounts in research and development activities to incorporate innovative features into electric vehicles. Advancements in the EV technologies and electric automobiles comprising E-Scooters, E-Mopeds, E-Kick-Scooter, and the growing consumer awareness regarding the benefits of using EV micromobiliy services are expected to bolster the market demand for the next five years.  Also, manufacturers are implementing the anti-theft features in electric vehicles by eliminating easier access to batteries, which is expected to increase the sales of electric vehicles to cover shorter distances.

However, the lack of well-developed charging infrastructure may restrain the global EV micromobility market growth for the next five years.

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According to Lime, February 2025, in the 'Lime Delivers Record Revenue and Profitability' press release, the company achieved record gross bookings of $810 million in 2024, reflecting a 31 percent increase compared to the previous year. The use of E-Scooter is convenient, easy to use, and does not require a driver's license. E-Scooter is environment-friendly and has lower operating costs. These are suitable to cover short distances and require less maintenance than the other type of automobiles. Market players are launching E-Scooters in different colors and properties, along adopting attractive marketing strategies is expected to boost the demand for E-Scooters across the globe.

Based on type, the market is bifurcated into docked and dock-less. The dock-less segment type is expected to witness the fastest incremental growth for the next five years. Dock-less segment eliminates the need for large capital investments as no parking space is needed to park the electric vehicle. The electric vehicle can be parked anywhere according to consumer convenience and must be locked with a password or any authentication method.

Major companies operating in Global EV Micromobility Markett are:

• Xiaomi
• Segway-Ninebot
• Bird
• Lime
• Gogoro
• Niu Technologies
• Yadea
• Razor
• Ola Electric
• NIU

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“Rise in the investments made by the leading authorities for the infrastructural and vehicle development and the smart city initiatives in the emerging economies are expected to create huge potential for the global EV mobility market growth. The development of smart transportation system and bike-sharing platform along with the growing construction of charging infrastructure is contributing to the market growth. Additionally, the rising trend for on-demand transportation services owing to the high internet penetration and availability of cheaper solutions through the online channels is expected to propel the global EV mobility market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“EV Micromobility Market - Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By Vehicle Type (E-Scooters, E-Bikes, E-Mopeds, E-Kick-Scooters, Others), By Type (Docked, Dock-less) and By Region 2021-2031F” has evaluated the future growth potential of global EV micromobility market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global EV micromobility market.

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