13 billion in 2023 to USD 1,139. , 2023-28. It focuses on five significant trends in the global luxury-automobile segment 1 Cars with a manufacturer’s suggested retail price (MSRP) of $80,000 or more. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. 65 million. Chapter 1: Car Rental Market Product Definition, Product Types, Volume, and Revenue Analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa from 2023. 25. In January 2022, In the United Kingdom, the London Electric Vehicle Company (LEVC). 4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8. Opportunities, 2018-2028 The Indonesia Tire Market was valued USD3. 65 million from 2022 to 2027. Close. Taken together, car sharing and peer-to-peer. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. The Nissan LEAF is a well-equipped hatchback that comfortably seats 5. 7 per cent growth in new companies registering this year as per RTA figures. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. 4% during 2021-2026. Western Europe’s growth. According to Precedence Research, the car rental market size is expected to hit around US$ 186. The electric-vehicle land grab is reshaping economies and challenging political allegiances. 1. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. 1 billion by 2028, growing at a CAGR of 21. 64% during the forecast period. As for South America and Middle East & Africa , the construction equipment rental market is emerging. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by $7. The car rental market in UAE, under both rental and leasing models had a fleet of 110,000 passenger vehicles and 85,000 commercial vehicles in 2018 (with a total of 195,000). 9 Billion by 2023, growing at a CAGR of 8. Electric Car Rental Market Size was valued at USD 9. 36% over the forecast period. " Cognitive Market Research has recently published the 7th edition of Electric Car Rental Market Report 2023. Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and is recovering strongly from the economic crisis after pandemic. 1) By Vehicle Type: Battery Cars, Hybrid Cars, Plug-in Electric Cars. Forecast period. The Europe car rental market is projected to exhibit a growth rate (CAGR) of 12. The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032. New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region. 46 billion by 2030, exhibiting a CAGR of 6. The attractive incentives being offered by the. . Forecast period. Autonom Service, a car rental company, invested Euro 15 million (USD 16. With many countries. This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries. 1 billion in 2022, and is projected to reach $2. 1 billion by 2026, at a CAGR of 16. The global car rental market was worth around USD 87. 07 billion by 2027, projecting a CAGR of more than 11% during the forecast. Car rental is a service that offers a platform to rent a car for a short time at affordable rates. 2% from 2020 to 2025. 13, 2022 (GLOBE NEWSWIRE) -- The global car rental market size was worth at around US$ 102. Page number. 5% in terms of fleet size from leasing segment and 4. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. UK: forecast public charging revenue per electric vehicle 2016-2027. The market is projected to grow from USD 48. It also examines the. 4m in 2020, representing a compound annual rate of change (CARC) of -15. 64% between 2022 and 2027. North America accounted for the highest share in the global car rental market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the. Saudi Arabia car rental & leasing market has witnessed sound growth at a CAGR of around 12. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. Electric Car Rental Market report from ReAnIn offers insights on Global Market Size (Historical and Forecast), Market Share, Latest Trends across Market Segments, Competitive Landscape and Market Dynamics. 6% of the total auto market (up from 2. 65 million from 2022 to 2027. Growth momentum & CAGR. 9%. 1% from 2022 to 2030. 64% between 2022 and 2027. The market is projected to grow from USD 43. 54 billion in 2022. The report also provides and outlook on key market trends and leading players. Diesel will. 15 million in 2021, and it is anticipated to increase to USD 2363. 2022-2027. The Electric Car Rental Market will grow by USD 7. 83 Billion by the end of 2032. 4 Billion in 2021 and is projected to reach a value of USD 126. that we believe will shape the market over the coming decade. Report Coverage. Vehicle rental in Europe is the practice of renting or leasing a passenger car or commercial vehicle for the short term. 6% during the forecast period. 4 billion in 2021 and is estimated to grow to about USD 132. 6 Billion by 2030, growing at a CAGR of 4. Looking forward, IMARC Group expects the market to reach US$ 95. LPI (LP Information)' newest research report, the â Electric Car Rental Industry Forecastâ looks at past sales and reviews total world Electric Car Rental sales in 2022, providing a comprehensive analysis by region and market. Details. Pune, Feb. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture. The global market for car rental and leasing services is anticipated to reach a market size of US$ 312. METHODOLOGY. com 📞 +1 (855) 661-4441(US) 📞. . The global electric car rental market is poised to grow by USD 7. According to IEA data, electric car sales in Iceland surpassed 50%, Sweden 30%, and the. Other factors that help in the growth of this market are an expansion of fleet sizes, a. . 15 million in 2021, and it is anticipated to increase to USD 2363. By 2025 20% of all new cars sold globally will be electric, according to the. 27 thousand units in 2022 and is expected to reach 139,846. That is just 5% of total car sales, but it shows we're already entering the steep part of the S. 36% of the worldwide market. 13 billion in 2021, and it is expected to reach USD 20. The Europe vehicle rental market was valued at over USD 13. 2 Million in 2020, at a CAGR of 15. The car rental market research report provides an analysis of the car rental industry including a snapshot, and insights into car rentals as per geographic region. 01% during the forecast period. The global golf cart market size was USD 1. The Electric Car Rental covers vital information on applications, categorization, predicted growth patterns, supply chain, financial and economic terminology, and numerous other market aspects. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. Related Reports. Global Electric Car Rental Market 2020-2024 The analyst has been monitoring the global electric car rental market and it is poised to grow by USD 7. 50 billion in 2022 to $9. 6. 91 billion in 2023 at a compound annual. Growth momentum & CAGR. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's latest market. Shift towards Electric/Hybrid. 14 billion during 2020-2024. Executive summary. 9, 2021 /PRNewswire/ -- The electric car rental market is set to grow by USD. The global demand for Electric Car Rental Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the. By contrast, electric car sales are lagging in most emerging and developing economies where only a few models are often available and at prices that are unaffordable for mass-market consumers. The expanding travel and tourism industry, rising trend of business and corporate travel, changing attitude toward car ownership, rapid. Basis Point Share (BPS. The report shows that electric vehicles (EVs) currently make up only 3% of car sales worldwide. 7 billion in the coming years, registering a CAGR of 8 % during the forecast period. 7% in Q2 of 2021). The India electric vehicle market size was USD 1. Click Here To Get A Sample. 16 billion in. 64% between 2022 and 2027. 62 billion in 2020 and is projected to grow from USD 1. Wilmington, Delaware, Sept. The Global Electric Car Rental Market Size is expected to grow at a 15% CAGR and is estimated to be worth USD 34. Growth momentum. According to Precedence Research, the car rental market size is expected to hit around US$ 186. altered Customer Preference from Public Transport to Personal Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and. 00% during the forecast period (2023 - 2032). The global electric car rental market size is expected to grow from $8. The car industry will stay in low gear in 2024. On the one hand, some automotive OEMs develop car-sharing services in-house and leverage the opportunity to bring their own vehicles into the fleet at lower price points, which gives advantages in operating costs to. In Europe, car rentals are usually available at affordable costs. The global car rental industry is highly lucrative and predicted to witness significant growth. 66%The African market for electric car rental services can perform well in the ensuing years, all because of the favorable growth of the tourism industry. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. Global Electric Car Rental Market Growth, Share, Size, Trends and Forecast (2023 - 2029). The market is. Market Research Future (MRFR) expects the global electric vehicles market to reach USD 893. 030 billion by 2026, from US$1. NEW YORK, June 22, 2021 /PRNewswire/ — The global electric car rental market is poised to grow by USD 7. Out of this, e-hailing accounted for the largest share, $120 billion to $130 billion, which is more than 90 percent of the total market. For example, sales of EVs grew by 15 per cent in 2019 compared to 2018, driven by the growth of BEVs in Europe (+93 per cent), China (+17 per cent) and ‘other’ regions (+22 per cent). Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. The growth of the travel and tourism sector. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. 7% between 2016 and 2020. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 50 billion in 2022 to $9. 13 billion in 2023 to USD 1,139. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. 08 Billion. Covered in this report The report covers the present scenario and the growth prospects. Menu. Follow. 65 mn during 2022-2027, accelerating at a CAGR of 12. 10 billion by 2030, exhibiting a CAGR of 17. 5% according to RationalStat. 1 North America Electric Car Rental Market Sales. A total of 14% of all new cars sold were electric in 2022, up from around 9% in 2021 and less than 5% in 2020. 39%, resulting in a projected market volume of US$103. 1 million, for year-on-year growth of just 9 percent. March 20, 2023 13:18 ET | Source: Vantage Market Research. 90 billion by 2028. In Q2 2022, EV sales accounted for 5. com's offering. Follow. Future developments may include increased vehicle autonomy and. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. 8% during the forecast period. Base year. Key takeaways. The research report is titled “Electric Car Rental Market research by Types (Economy cars, Luxury cars), By Applications (Electric. 3 billion in 2020 and is projected to reach $65. The investments in the car-sharing market, at approximately $3 billion, are small compared with investments in e-hailing. Furthermore, by 2027, car rental industry statistics predict that the market will have increased by 3. According to the research report, “Indonesia Car Rental Market Outlook to 2021 – Rising Tourism and Growing Middle-Class Population to Foster Future Growth” expresses that the market is driven by the increasing number of foreign travellers daily. Forecast Year Market Size (2033) ~ USD 250 Billion. 42 Billion by the end of 2030. 2023-2027. 45 billion in 2021 and is projected to grow from USD 3. The market leaders tried to maintain their strong presence by acquiring other well-known brands such as Dollar, Thrifty, National and Alamo. The global car rental & leasing market size was valued at USD 641. The global market size was valued USD 24. 65 mn during 2022-2027, accelerating at a CAGR of 12. 4% in the 2021-2028 period. Electric Car Rental Industry compound annual growth rate (CAGR) will be XX% from 2023 till 2030. The market value is slated to rise from USD 82. Electric Car Rental Market Size, Growth Rate, And Forecast The global electric car rental market size is expected to grow from $8. 23, 2021 /PRNewswire/ -- The global car rental market size is anticipated to reach USD 141. e. . 2% from 2020 to 2025. 26 billion in 2023 to USD 63. In terms of quantitative data, current market size, competitors. NEW YORK, June 22, 2021 /PRNewswire/ --. Based on our analysis, Indian electric vehicle industry exhibited a rise of 11. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). 9 billion in 2022 and is estimated to showcase around 20% CAGR during 2023 to 2032, driven by the rising implementation of stringent government regulations for reducing emissions. Market consumption volumes declined with a CARC of -6% between 2016 and 2020, to reach a total fleet size of 73,400 in 2020. The research estimates global Electric Car Rental market revenues in 2021, considering the Electric Car Rental market prices, supply, demand, and trade analysis across regions. 46 billion by 2029, exhibiting a CAGR of 6. The Global Car Rental Market was valued at USD 98. 65 billion by 2030, exhibiting a CAGR of 4. Driven by Increasing Demand from the Working-age Population and Expansion of the Tourism and Travel Industry, the car rental market in the Netherlands has ample growth potential in the coming years. The global carsharing market size stood at USD 6,395 million in 2022, and it is predicted to reach USD 9,957 million by 2030, advancing at a CAGR of 5. The average price paid for an electric vehicle in the United States was less than $51,000 in September, according to Cox Automotive. 72 billion by 2030, exhibiting a CAGR of 15. 43 billion in 2028 at a CAGR of 25. 69 billion in 2021 to USD 2. That will be up from 7. 15% during the forecast period (2023-2028). Key Insights from Primary Research: As per the analysis shared by our key respondents, the Electric Vehicle market is expanding at a CAGR of around 24. Due to the COVID-19 pandemic, the global Electric Car Rental market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of. 65 mn during 2022-2027, accelerating at a CAGR of 12. 23 Sep, 2021, 05:05 ET. 2% in terms of revenues during 2022-2028. " Global "Electric Car Rental Market" [NEW. 9% from 2023 to 2030. This press release was orginally distributed by SBWire New Jersey, USA — (SBWIRE) — 05/10/2022 — Advance Market Analytics published a new research publication on "Electric Car Rental Market. Page number. 6 million, representing close to 9% of the global car market and more than tripling their market share from two. 94bn in 2023. China, with 4. New York, March 09, 2020 (GLOBE NEWSWIRE) -- Reportlinker. The high demand for electric car rental services, associated advantages and the rise in demand for sustainable travelling solutions, energy-friendly travelling options, and environmental awareness to minimize carbon emission are the factors leading to the growth of the Electric Car Rental Market. 65 mn during 2022-2027, accelerating at a CAGR of 12. 30, 2023 (GLOBE NEWSWIRE) -- The electric vehicle charging station market size to hit USD 111. A number of trends are influencing the car rental market, which include the transition to electric car rental vehicles, the increasing use of rental cars for leisure purposes and the incorporation of shared mobility into the car rental business model. The report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. Revenue is expected to show an annual growth rate (CAGR 2023-2028) of 14. New Jersey, United States – Analysis of Electric Car Rental Market 2022 to 2028, Size, Share, and Trends by Type, Component, Application, Opportunities, Growth Rate, and Regional Forecast The. e. It provides majorly two types of information qualitative and quantitative. 47 billion in 2018 and opportunities are poised growing with a compound annual growth rate (CAGR) of 11. 39 Billion in 2023 to USD 34. The electric car rental market has witnessed significant growth in recent years, driven by the rising demand for eco-friendly transportation solutions and the increasing popularity of electric vehicles (EVs) worldwide. 67 billion in 2020, growing at a CAGR of 6. 91 billion in 2023 at an impressive. 3 million, from 2. 64% between. 9% from 2021 to. The market is. 5% during the forecast period. 2020. 11, 2023 /PRNewswire/ — According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. 1 Billion in 2021 and is expected to be. The growth of the market depends on several factors, including increasing demand for rental cars due to the rise in international tourism, the need for optimum performance. 10 years later in 2021, that figure had grown close to 7 million vehicles. This study examines the current state and future prospects of the global Electric Car Rental Market 2023 over the study period. 8% during the forecast period. Global Electric Car Rental Market 2021-2025 The analyst has been monitoring the electric car rental market and it is poised to grow by $ 8. 1 billion by 2027, at a CAGR of 18. The global electric vehicle market size was valued USD 384. New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region. NEW YORK, Jan. NEW YORK, March 9, 2022 /PRNewswire/ -- As per Zion Market Research study, The global car rental market was worth about USD 87. Battery electric vehicles (BEVs) accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. Market growth was disrupted owing to lockdowns and the reduced income of the population. 10 Years of EV Sales by Country. The Car rental market accounted for USD 119. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. Advance Market Analytics published a new research publication on "Electric Car Rental Market Insights, to 2026" with 232 pages and enriched with self-explained Tables and charts in presentable format. 2020-2025 Global Electric Car Rental Market Report – Production and Consumption Professional Analysis (Impact of COVID-19) is latest research studyMar 10, 2023 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry. Details. In India, the ride-sharing market still has a long way to go to develop and is expected to grow at a CAGR of 20. 5 million electric cars, has the largest fleet. The various travel restrictions and lockdowns implemented. L. 2 days ago · OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38% Gwyn Topham and Jillian. EV Market 2022-2030: The global electric vehicle market was valued at $163. 7 billion in 2021 and is projected to grow to USD 2. 49 million in 2022 to USD 1,71,849. 36% by 2027, the rising. Follow. Chinese Light Vehicle Leasing and Rental Market Report 2023 - EV Lineups' Competitive Intensity will Accelerate the. 08, 2021 (GLOBE NEWSWIRE) -- Car Rental Market Analysis/Car Rental Market Trends. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. 14 bn during 2020-2024, progressing at a CAGR. 19, 2022 (GLOBE NEWSWIRE) -- According to a report by Vantage Market Research, the Global Electric Vehicle Market was worth USD 165. Forecast Period. Electric vehicles are gaining popularity and market share. NEW YORK, June 22, 2021 /PRNewswire/ -- The global electric car rental market is poised to grow by USDLONDON--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. Global Electric Car Rental Market 2023-2027 The analyst has been monitoring the electric car rental market and it is poised to grow by $11246. In July of 2021,. 2022. 56 billion by 2028, at a CAGR of 17. Electric Vehicles market unit sales are expected to. DOWNLOAD PDF. 5% in terms of fleet size from leasing segment and 4. Revenue in the Car Rentals market is projected to reach US$29. 2020. The Global Car care products market was valued at USD 6. The Electric Car Rental Market study with 113+ market data Tables, Pie charts & Figures is now released by HTF MI. The growth of the electric car rental market can be attributed to the rise in. 1% during the forecast period (2022 - 2030). The UAE Electric Vehicle Market size is projected to grow at a CAGR of 24. New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “ Electric Car Rental Market Information by Vehicle Type,. Electric Car Rental Market Trends, Growth Opportunities, and Forecast Scenarios to 2028 Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the. New Jersey, N. The Electric Car Rental Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study. 2 days ago · Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U. 01 Million) for the expansion of electric and hybrid car rental services across Romania. 14 billion during 2020-2024. Base year. Market Trends 5. 65 mn during 2022-2027, accelerating at a CAGR of 12. 50 billion in 2022 to $9. 7% during 2022–2030. NEW YORK, Jan. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. 59 billion by 2030 from valued at US$ 95. In 2023, it is anticipated that the worldwide car rental market will amount to USD 104. The car rental industry has undergone a drastic transformation over the past few. The Global Electric Car Rental Market is expected to grow at a 15% CAGR and is estimated to be worth USD 20. is about $400 million, compared to the $24 billion in revenue for the traditional car rental market. to rise to 50 percent by 2030. The key. WASHINGTON, Oct. The Electric Car Rental market report is segmented into sub-segments for comprehension and imbued with valuation and growth patterns. 65 mn during 2022-2027, accelerating at a CAGR of 12. The rising demand for micro mobility and emission-free vehicles, growing traffic congestion, strict emission norms, and increasing demand for an economical mode. The global demand for Electric Car Rental Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth. The growth of the market can primarily. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. 48 billion in 2023 to USD 1,579. 4 billion in 2023, the market is likely to surpass US$ 307. Trend 1: Europe continues to lead EV adoption. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least. 32 EST. Comprehensive details of factors that will challenge the growth of car rental market vendors. 04 billion in 2021 and expected to surpass a net valuation of USD 4. 1 billion by 2030, with a CAGR of 6. 65 million from 2022 to 2027. Electric Car Rental Industry compound annual growth rate (CAGR) will be XX% from 2023 till 2030. New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region - Forecast till 2030", The truck rental market can expect to go from USD 107. e. 771 million in 2020. The U. Details. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. . 21 billion by 2030, exhibiting a CAGR of 7. 4m in 2020, representing a compound annual rate of change (CARC) of -15. 66% NEW YORK, Jan. 2 Million, at a CAGR of 15 % by 2030 | Wattacars, Blueindy, Zipcar, Zoomcar NEW YORK, NY, UNITED STATES, April 18, 2023. Comprehensive details of factors that will challenge the growth of car rental market vendors;. The Global Electric Car Rental Market will grow by USD 7. Company. 24 billion in 2021, and is anticipated to keep leading over the projected period. Pune, India, April 19, 2021 (GLOBE NEWSWIRE) -- According to the report, Car Rental Market size is projected to reach USD 144. Electric Car Rental Market Research Report Analysis By 2027 | Electric Car Rental Industry Information By Vehicle Type, Application, Service and Region - Forecast till 2027 - News and Updates info@marketresearchfuture. Premium Statistic Retail market share of car brands in Indonesia 2022 Current development Premium Statistic Market share in automotive industry of Astra International in Indonesia 2022, by typeIn 2019, the electric bicycle market was estimated at $15. Rent growth is predicted to outpace home sales price growth in 2022, and in some markets, renting may become the less-affordable option. In 2022, the market is growing at a steady rate and with the. Electric vehicles are gaining popularity and market share. The Car rental market accounted for USD 119. According to our primary respondents’ research, the Car Rental market is predicted to grow at a CAGR of roughly 4. Page number. In addition to this, the market generated. 5 billion in 2019 to 10. Zambia is the third fastest-expanding tourism destination in the world, which contributes considerably to the country’s GDP as well as to the growth of the electric car rental market. In 2022, the market is growing at a steady rate and with the. The global demand for Electric Car Rental Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Clean energy and improved. 7% in Q2 of 2021).