Significant growth in the travel and tourism industry of the country is one of the key factors driving the growth of the market. The electric car rental market size is estimated to grow at a CAGR of 12. The COVID-19 pandemic has had an adverse effect on the overall automotive industry and thereby electric vehicle industry as well. With many countries getting plugged into electrification, the global EV market has seen exponential growth over the last decade. 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. Car rental is a service that offers a platform to rent a car for a short time at affordable rates. add_box. 11, 2023-- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. Currently, EVs make up only three to four percent of the new light duty market here in the U. 4 Billion in 2021 and is projected to. 7 Million by 2026, from USD 866. 65 million from 2022 to 2027. The Indonesian car rental market is projected to witness a CAGR of 7. 7%. 64% between 2022 and 2027. 67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25. The market is predicted to grow at a healthy pace in the coming years. 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. 99%, resulting in a projected market volume of. The increasing demand. Pune, India, April 19, 2021 (GLOBE NEWSWIRE) -- According to the report, Car Rental Market size is projected to reach USD 144. 04 billion by 2027, registering a CAGR of 10. 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. 8, 2022 /PRNewswire/ -- The electric car rental market is fragmented. 52% during the 2022-2029 forecast period. It also examines the. It is expected to grow to USD 25. Follow. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. Demand For Rental Cars Due To Rise In International Tourism to Boost Growth | Technavio. 83% to reach US$2. 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. NEW YORK, June 22, 2021 /PRNewswire/ — The global electric car rental market is poised to grow by USD 7. 04 billion in 2021 and expected to surpass a net valuation of USD 4. 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. New York, June 21, 2021 (GLOBE NEWSWIRE) -- Electric Car Rental Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Electric Car Rental Market Research Report, Vehicle Type, Application, Service and Region - Forecast till 2027” the global market size is projected to reach around USD 19. NEW YORK, Nov. 48 billion in 2023 to USD 1,579. Global sales will miss pre-pandemic levels, with just 3% more new cars and 1% more commercial vehicles sold than in 2023. is about $400 million, compared to the $24 billion in revenue for the traditional car rental market. 6%. . 91 billion in 2023 at an impressive. 15% during the forecast period (2023-2028). 6% of the total auto market (up from 2. 0 billion in the current year. usage of the Battery based electric vehicles into the industrial perspective of operations and within the Global Electric car rental market. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected] the 10 months leading up to October, sales of fully electric. 2% CAGR during the forecast period. 3 billion in 2020 and is projected to reach $65. An in-depth analysis of historical trends, future trends, SWOT analysis, demographics, industrial advances, and regulatory requirements for the Electric Car Rental market has been performed to. 50 billion in 2022 to $9. DOWNLOAD PDF. The Global Electric Car Rental Market will grow by USD 7. The attractive incentives being offered by the. The market is projected to grow from USD 82. The report covers the present scenario and the growth prospects of. Comprehensive details of factors that will challenge the growth of car rental market vendors;. . 08 billion in 2021. 6% during the forecast period 2021-2026. The Electric Car Rental Market is poised for continued growth. The Car Rental. 36% by 2027, the rising. 40% over the forecast period, According to Intelligence Market ReportAccording to a 2023 report by market analysis company Market Research Future, the EV rental market size is expected to triple in growth by 2032. To develop this. The expanding travel and tourism industry, rising trend of business and corporate travel, changing attitude toward car ownership, rapid. 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. 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. 25. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. 2022. The market is projected to grow from USD 728. 10 Years of EV Sales by Country. 5 Billion by 2027 at a CAGR of 21. The global electric car rental market size is expected to reach $17. The reports further project the market to attain a valuation of around USD 10,111. Looking forward, IMARC Group expects the market to reach US$ 95. 50 billion in 2022 to $9. 1. The target market holds nearly a. 65 mn during 2022-2027, accelerating at a CAGR of 12. Recent COVID-19 has disrupted the market growth. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. [221 Pages Report] The global ride sharing market was valued at USD 85. The UAE electric vehicle market would register growth during the forecast period on account of an increase in tourist footfall in the country which is going to expand the car rental business in the emirates, coupled with domestic. In. The electric vehicle (EV) market in the United States broke records in 2022, estimated at just under 918,500 light electric vehicle sales. Download. 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. Over the long term, the car rental market's growth is favorable due to stringent government legislation on purchase and car driving in the country. Intense competition, fluctuating prices, and shifting OEM. 04 billion by 2027, registering a CAGR of 10. 4 Billion in 2021 and is expected to reach a value of USD 126. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. Europe will account for 42% of the growth of the global market during the forecast period. 54 billion in 2022. Apr 25, 2023 (The Expresswire) -- Global "Electric Car Rental Market" [2023-2030] Research Report furnishes an industry overview, encompassing significant. 13 billion in 2023 to USD 1,139. They accounted for 88. 23 Sep, 2021, 05:05 ET. 7% from 2021 to 2028. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends,. The global. 42 billion by 2027, registering a CAGR of 14. Basis Point Share (BPS. The report offers an up-to-date analysis regarding the cur…Pricing Details. The report offers an up-to-date analysis regarding the. 13 billion in 2023 to USD 1,139. The market is projected to grow from USD 43. Base year. As per the reports, the car rental market was worth nearly USD 7,920 million in the. 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. Follow. 11, 2023 /PRNewswire/ -- According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. The growth of the electric car rental market can be attributed to the rise in. , 2023-28. In 2023, it is anticipated that the worldwide car rental market will amount to USD 104. 01 million by the end of 2030. The global car rental market size was valued at $92. 24 billion in 2021 to USD 137. 1 million electric car sales in 2019 represent a 6% growth from the previous year, down from year-on-year sales growth at least above 30% since 2016. The report offers an up-to-date analysis regarding the. The market is expected to grow at a CAGR of 12. 27bn in 2023. that we believe will shape the market over the coming decade. 3% during the forecast period. 42 Billion by the end of 2030. 6 Billion by 2028. 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. Growth in the electric-vehicle market has slowed. Electric Car Rental Market Electric Car Rental Market Size is expected to cross USD $19 billion by 2027 at a CAGR of 15% during the forecast period 2022-2030 $19 Billion Market Size 15% CAGR Asia Pacific Dominating Region 2022-2030 Forecast Period Segmentation By Vehicle Type Battery Cars Hybrid Car. and among others. Forecast Year Market Size (2033) ~ USD 250 Billion. The car rental industry in Dubai alone accounted for 23. This was over two and a half times more than in 2018. 3. 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. 54 billion in 2022. Follow. 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. 64% between 2022 and 2027. The global car rental market forecast shall be $1,48,129. The COVID-19 pandemic caused the region's vehicle rental market to slow down completely due to the sudden and complete suspension of. Diesel will. 89 billion in 2022 to USD 214. The report analyzes the car rental market’s drivers, restraints/challenges, and the effect they have on the. Rent growth is predicted to outpace home sales price growth in 2022, and in some markets, renting may become the less-affordable option. The global electric car rental market is fragmented, and the five forces analysis covers–The Electric Car Rental Market report upholds the future market predictions with market size, revenue, production, Consumption, gross margin and other substantial factors. 7 billion in the coming years, registering a CAGR of 8 % during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. 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, Application. The global car rental industry is highly lucrative and predicted to witness significant growth. 7% during 2022–2030. 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. 36% of the worldwide market. 6% of the total auto market (up from 2. The cost-effective and convenient mobility service, the growing concerns over greenhouse gas emissions, and the government policies encouraging the adoption of carsharing. e. 39%, resulting in a projected market volume of US$103. Chinese Light Vehicle Leasing and Rental Market Report 2023 - EV Lineups' Competitive Intensity will Accelerate the. E-bikes enable users to cycle further and more often. 01% during the period 2017-2021. 6 million, representing close to 9% of the global car market and more than tripling their market share from two. That will be up from 7. 66% NEW YORK, Jan. Trend 1: Europe continues to lead EV adoption. 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. The global electric vehicle rental market is estimated to garner a substantial revenue and grow at a CAGR of ~7% over the forecast period, i. China, with 4. Future developments may include increased vehicle autonomy and. Nissan LEAF. The market is projected to register a CAGR of 10. 36% over the forecast period. The growth of the market can primarily. 64% during the forecast period. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. . NEW YORK, June 22, 2021 /PRNewswire/ — The global electric car rental market is poised to grow by USD 7. 527 million in 2027 from US$2,309. 84 billion in 2023 to USD 575. Electric vehicles will grow from 0. Page number. Reserve today. 65 mn during 2022-2027, accelerating at a CAGR of 12. The Australian car rental market had total revenues of $584. 65 mn during 2022-2027, accelerating at a CAGR of 12. Total annual revenue for carsharing in the U. A detailed market share and penetration of different types, processes, and geographies in the Electric Car Rental market from 2001 to 2028 is included. The new electric car rental market research from Technavio indicates Negative growth in the. com Website: Electric Car Rental Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. According to Precedence Research, the car rental market size is expected to hit around US$ 186. 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. The U. The study report offers a comprehensive analysis of Global Electric Car Rental Market size across the globe as regional and country-level market size analysis, CAGR estimation of market growth. Western Europe’s growth. The Europe vehicle rental market was valued at over USD 13. The North America car rental market is estimated to increase at a CAGR of 17. A significant rise in the number of people taking business and leisure trips across the globe is driving the demand for car rental services, thereby propelling the industry’s. 21 billion by. North America to Have Lions Share in Car Rental Market By region, the car rental market covers growth opportunities and the latest trends across Europe, the Asia Pacific (APAC), North America, and. 64% between 2022 and 2027. 7% in Q2 of 2021). Automobile Rental & Leasing Market Analysis. Details. 1% CAGR: Custom Market Insights (Share, Report, Trends, Forecast, Trends, Segmentation) [220+ Pages Latest Report] According. Growth momentum. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for Electric Car Rental market growth. The global car rental market size reached US$ 79. 21 Billion value by 2027, exhibiting a CAGR of 6. The primary market drivers that favorably impact the market include the growth of the travel and tourism sector and increased cognizance of electric mobility services. NEW YORK, Aug. Electric Car Rental market is quickly reaching its pre-COVID levels and a healthy growth rate is expected over the forecast period driven by the economic revival in most of the developing nations. 1 million, light-duty vehicles accounted for 9 out of every 10 motor vehicles registered in 2021, with passenger cars remaining the most common type. 57 billion in 2030, with a CAGR. 8% during the forecast period. NEW YORK, Jan. In January 2022, In the United Kingdom, the London Electric Vehicle Company (LEVC). 15 million in 2021, and it is anticipated to increase to USD 2363. EV Market 2022-2030: The global electric vehicle market was valued at $163. 120. Details. Emerge as Key. 2022-2027. 60%. 14 bn during 2020-2024, progressing at a CAGR. In 2022, the. That’s a huge decline from. 32 EST. 11% through 2028 on account of country's increasing domestic automobile market and increased exports. Base year. The passenger vehicle (PV) segment remained dominant with 73. +1 217 636 3356 +44 20 3289 9440 [email protected] Menu. 18 trillion during 2021-2025, progressing at a CAGR of. 10 years later in 2021, that figure had grown close to 7 million vehicles. The growth of the travel and tourism sector. Page number. Revenue in the Car Rentals market is projected to reach US$99. 4 billion in 2021 and is estimated to grow to about USD 132. Shift towards Electric/Hybrid. 6% from 2021 to 2028. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. The global car rental market size was valued at $92. The electric car-rental market is projected to reach $19 billion (€19. 2017-2021. 40 billion in 2022 to $15. Read More. 50 billion in 2022 to $9. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2. According to a report by Allied Market Research, the global electric vehicle rental market size was valued at $15. London, UK -- ( SBWIRE) -- 02/17/2023 -- Electric Car. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 4 billion) by 2027, and Europe is expected to hold the second-largest regional share. Yet technology, new transportation models, shifting demographics and changing. 1 billion by 2027, at a CAGR of 18. Follow. In addition to this, the market generated. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. com's offering. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. 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. 21 billion, at CAGR of 6. Diesel cars accounted for more than 50% of EU auto sales in 2015, but in October 2023, that percentage had dropped to only 12%. The Electric Car Rental market revenue was xx Million USD in 2016, grew to xx Million USD in 2021, and will reach xx Million USD in 2026, with a CAGR of xx during 2021-2026. 1% market share. 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 a. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. The size of the worldwide electric car rental market was USD 867. 2. Contact Data Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected]% by 2027; Rising Demand from Corporate Travelers to Drive Market Growth of Car Rental. 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. 1 billion by 2030, with a CAGR of 6. 13, 2021 (GLOBE NEWSWIRE. 16 billion in. The Nissan LEAF is a well-equipped hatchback that comfortably seats 5. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022. Electric Car Rental Market Report 2022 focuses on company overview with market characteristics, geographical representation of industry size, share and growth analysis with revenue details and. Electric Car Rental Market Growth Opportunities: • Growing Penetration of Rental Services Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaA BloombergNEF study reveals that the global electric vehicle market size and adoption will grow in the long run. 21 billion in 2022 to USD 113. Electric Car Rental Market Services and Solutions Top Companies, Revenue, Trends and AdvancementsNew York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market. 7% of the global light-duty vehicle (LDV) fleet in 2020 to 31% in 2050, reaching 672 million EVs, predicts the US Energy Information Administration ( EIA ). 4 million by 2027, increasing from $92,252. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. 64% between 2022 and 2027. 5 billion in 2019 to 10. 14 bn during 2020-2024, progressing at a CAGR. Historic period. New York, June 21, 2021 (GLOBE NEWSWIRE) -- Electric Car Rental Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Electric Car Rental Market. 65 mn during 2022-2027, accelerating at a CAGR of 12. The growth of the electric car rental market can be attributed to the rise in demand for eco-friendly vehicles and the decrease in the cost of ownership. 0% in the 2021-2028 period. The Global Electric Car Rental Market is expected to grow at a CAGR of 9. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. The electric car rental market size is estimated to grow at a CAGR of 12. In 2022, the market is growing at a steady rate and with the. The Electric Car market was estimated to be. The report also provides and outlook on key market trends and leading players. Clean energy and improved. Amid the COVID-19 pandemic-associated lockdowns, the e-bike rental market in India witnessed a significant decline in revenue due to the closure of transportation activities and the. Technavio has been monitoring the electric car rental market and it is poised to grow by $11246. Rent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. However, the market remains very fragmented and the top 8 players account for a little over one-fourth of the market. 14 billion during 2020-2024, progressing at a CAGR of over 11% during the. 65 million from 2022 to 2027. The electric car rental market is poised to grow by $11246. The market is projected to grow from USD 48. Market consumption volumes declined with a CARC of . 5. At 24. The electric car rental market size is estimated to grow at a CAGR of 12. 50 billion in 2022 to $9. 4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8. Malaysia Electric Two-Wheeler Market Growth Strategy 2022 Industry Key Players, Future. Market growth was disrupted owing to lockdowns and the reduced income of the population. The investments in the car-sharing market, at approximately $3 billion, are small compared with investments in e-hailing. In Europe, car rentals are usually available at affordable costs. 62 billion in 2020 and is projected to grow from USD 1. The ”Electric Car Rental Market” report provides a comprehensive analysis of growth opportunities in various segments and sub-segments. The market is. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. Major Highlights from Electric Car Rental Market Study Market Breakdown by Applications: Electric Cars & Others Market Breakdown by Types: Economy cars & Luxury cars Executive Summary: In this. Further, the market generated a revenue of USD 100 billion in the year 2022. 14 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4. 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. 2 Billion in 2022. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by $7. New Jersey, N. Global Electric Car Rental Market Report Overview. The market is projected to grow from USD 728. 55 billion in 2023 to USD 19. 49% CAGR and will total USD 119. WASHINGTON, March 20, 2023 (GLOBE NEWSWIRE) -- Global Car Rental Market is valued at USD 98. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's. The Global Car care products market was valued at USD 6. New Jersey, NJ -- -- 07/22/2022 -- The Latest research study released by HTF MI "Global Electric Car Rental Market Growth (Status and Outlook) 2022-2030" with 101+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers,. Battery electric vehicles (BEVs) accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. Key Companies Covered in the Global Car Rental Market Research Report by Research Nester are Hertz Global Holdings, Inc. 6% during the forecast period. The growth potential for the EV rental market is high, clearly driven by the need to cut emissions. 9% over 2020. Dublin, Nov. It is bigger than it looks and has enough. 25% during the forecast period. 1) By Vehicle Type: Battery Cars, Hybrid Cars, Plug-in Electric Cars. The Automotive Rental and Leasing Market is made up of organizations, sole traders, and partnerships that rent or lease cars, trucks, vans, utility trailers, and recreational. 67 billion in 2020, growing at a CAGR of 6. 79 Billion in 2021 and is projected to reach USD 125. Moreover, the growth momentum will progress. 90 billion by 2028. 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. 39 million by 2028, indicating a Compound Annual Growth Rate (CAGR) of 15. In terms of quantitative data, current market size, competitors. The global impact of COVID-19 has been unprecedented and staggering, with the market in the United States witnessing a negative demand. 50 billion in 2022 to $9. 64% between 2022 and 2027. Electric Car Rental Market Statistics The global electric car rental market size is expected to grow from $8. NEW YORK, June 22, 2021 /PRNewswire/ --. This growth is mainly due to the increasing adoption of electric bikes as a mode of transportation on a daily basis globally. L. 5 million, throughout the analysis period. Global Electric Car Industry. Base year. 1% during the forecast period (2022 - 2030). Growth momentum & CAGR. 92 billion in 2022. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. The electric car rental market size is estimated to grow at a CAGR of 12. 14 billion during 2020-2024. 23, 2021 /PRNewswire/ -- The global car rental market size is anticipated to reach USD 141. 10 years later in 2021, that figure had grown close to 7 million vehicles. The Car rental market accounted for USD 119. Comprehensive details of factors that will challenge the growth of car rental market vendors;. 1 Billion in 2021 and is expected to be. The Russia. In Europe, car rentals are usually available at affordable costs. NEW YORK, Jan. The African market for electric car rental services can perform well in the ensuing years, all because of the favorable growth of the tourism industry. New York, US, May 01, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Truck Rental Market Information by Truck Type, Lease Type, and Region. 5% from 2023 to 2032. TheNEW YORK, Nov. Page number. Menu. 12 Billion from 2023 to 2028. Snapshot Table of contents Methodology Electric Car Rental Market Report 2023-2027 The electric car rental market size is estimated to grow at a CAGR of 12. As per the reports, the car rental market was worth nearly USD 7,920 million in the. 4 billion in 2023, the market is likely to surpass US$ 307. 5% CAGR during the 2023 to 2029 assessment period. As the world transitions towards a sustainable future, the electric car rental. GCC Car Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)The global market for Electric Car Rental in Airport is estimated to increase from USD million in 2023 to USD million by 2029, at a CAGR during the forecast period of 2023 through 2029. 4m in 2020, representing a compound annual rate of change (CARC) of -15. 6% market share of electric cars in worldwide car sales constitutes a record. 8% during the forecast period. 64% between 2022 and 2027. 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. 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. 22% during the forecast period, 2022-2027. e. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. 8% during the forecast period.