Significant growth in the travel and tourism industry of the country is one of the key factors driving the growth of the market. They accounted for 88. 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. For instance, the increase in the adoption of electric ride share services is likely to decrease the number of passenger vehicles on American roads $247 million to $44 million in 2030. The market is projected to register a CAGR of 10. The electric-vehicle land grab is reshaping economies and challenging political allegiances. 21 billion, at CAGR of 6. Download. 83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15. For more insights on market size, request a sample report. Key takeaways. 49% CAGR and will total USD 119. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. The research report also covers the. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2. Key takeaways. 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. The market is projected to grow from USD 728. 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. 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. 2% CAGR during the forecast period. By 2025 electric vehicles (EVs) will reach 10% of global passenger vehicle sales, growing to 28% in 2030 and 58% by 2040. 9 Billion by 2023, growing at a CAGR of 8. In 2011, around 55,000 electric vehicles (EVs) were sold around the world. 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 ). The Europe vehicle rental market size was valued at USD 11. Rent an electric car online with Hertz and enjoy a greener way to drive, with our most expansive electric car rental fleet ever. Car Rental Market Outlook (2023 to 2033) The global car rental market is predicted to expand at an impressive CAGR of 9. announced that it had delivered 20 range-extended electric vehicles (R-EVs) to M93 Car Rental L. 2020. 24 billion in 2021, and is anticipated to keep leading over the projected period. The research assessment of the Market is designed to analyze futuristic trends. 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. 21 billion by 2030, exhibiting a CAGR of 7. The Russia. Electric Car Rental Market Highlights Market Research Future (MRFR) expects the Electric Car Rental Market to expand to a size of approximately USD 15 Billion by 2025-end. 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. 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. Emerge as Key. 5% in terms of fleet size from leasing segment and 4. 7% from 2020 to 2027. The passenger vehicle (PV) segment remained dominant with 73. 15% during the forecast period (2023-2028). That’s a huge decline from. 21 billion by 2030, exhibiting a CAGR of 7. Other factors that help in the growth of this market are an expansion of fleet sizes, a. 13 billion in 2023 to USD 1,139. 1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 94. 5 million, throughout the analysis period. 6%. 4 billion in 2023, the market is likely to surpass US$ 307. The Car Rental market was estimated to be worth. 7 per cent growth in new companies registering this year as per RTA figures. Further, the market generated a revenue of USD 100 billion in the year 2022. The electric car-rental market is projected to reach $19 billion (€19. 04 billion in 2021 and expected to surpass a net valuation of USD 4. electric vehicle market size was USD 24. The reports further project the market to attain a valuation of around USD 10,111. The size of the worldwide electric car rental market was USD 867. DOWNLOAD PDF. 03 billion in 2020. 21 billion by. Introduction 5. The total lithium-ion–battery market for EV passenger cars grew by 17 percent, to 117 gigawatt-hours in. New Study Reports “Electric Car Rental Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. The global recreational vehicle market size was valued at USD 47. Against this backdrop of sluggish sales in 2019, the 2. 15 million in 2021, and it is anticipated to increase to USD 2363. S. 11, 2023 /PRNewswire/ — According to Technavio, the global electric car rental market size is estimated to grow by USD 11,246. The shared-mobility market (as defined in the sidebar) accounted for approximately $130 billion to $140 billion in global consumer spending in 2019 (Exhibit 1). 32 billion in 2023 to USD 119. Vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. 15 million in 2021, and it is anticipated to increase to USD 2363. 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. The Future of Bike and Scooter Rental Market Economy Size Expected a Growth of $ 11,040 Million by 2028, According to Vantage Market Research (VMR) WASHINGTON, Dec. The Nissan LEAF is a well-equipped hatchback that comfortably seats 5. 527 million in 2027 from US$2,309. The latest market research report by Technavio on the global electric car rental market predicts a CAGR of around 11% during the period 2017-2021. 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. The electric car rental market size is estimated to grow at a CAGR of 12. 92 Billion in 2022 and is expected to. 9% from 2023 to 2030. The size of the market is forecast to increase by USD 11,246. The Electric Car Rental Market is poised for continued growth. 2 days ago · Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U. The Car. 18 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9. 46 billion by 2029, exhibiting a CAGR of 6. Electric Car Rental Market Scope. 01 million by the end of 2030. 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. 120. 70% during the forecast period from 2023 to 2032. The global. Western Europe’s growth. Latest Study on Industrial Growth of Global Electric Car Rental Market 2022-2028. Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. The Car Rental market was estimated to be worth. 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. These companies also tried to employ the franchise. The new electric car rental market research from Technavio indicates Negative growth in the. 65 million from 2022 to 2027. 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. Follow. , 2022 – 2030. 99%, resulting in a projected market volume of. 08 billion in 2021. 43 billion in 2028 at a CAGR of 25. 6% market share of electric cars in worldwide car sales constitutes a record. 4 billion in 2021 and is estimated to grow to about USD 132. The Car Rental. Report Coverage. 18 trillion between 2020 and 2025, accelerating at a CAGR of almost 12%, according to Technavio's latest market. The Electric Car Rental market report is segmented into sub-segments for comprehension and imbued with valuation and growth patterns. “EV growth is here to stay, so we will see more EVs in all parts of our automotive. Technology is a critical aspect expected to accelerate the market growth. 65 mn during 2022-2027, accelerating at a CAGR of 12. 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. 25% during the forecast period. Also, the advent of robotaxis coupled with the rising adoption of car rentals in electric vehicle sectors have bolstered the market growth. Page number. Three underlying reasons explain this trend:. Taken together, car sharing and peer-to-peer. 1% from 2023 to 2033. The Australian car rental market had total revenues of $584. Comprehensive details of factors that will challenge the growth of car rental market vendors. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. The car rental industry has undergone a drastic transformation over the past few. 3% during the forecast period. 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 Ambrose Wed 22 Nov 2023 13. Over 2. com 📞 +1 (855) 661-4441(US) 📞. 4 Billion in 2021 and is projected to. What are the future trends you foresee in this market over the. A large number of the Indian population prefer to use rental and ridesharing services to reach their destination. 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. Research Methodology. 53% during the forecast period 2019-2025. It is expected to grow to USD 25. About Us. 65 mn during 2022-2027, accelerating at a CAGR of 12. Growth rate of total car rental market is going to increase over the period as car leasing becomes easier, and market penetration rates increase in the country. 90 billion by 2028. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends,. The ride sharing market has gained popularity over the past few years because companies are trying to make. 1% from 2021 to 2028. Menu. Report Overview. Furthermore, by 2027, car rental industry statistics predict that the market will have increased by 3. The global electric car rental market is poised to grow by USD 7. Saudi Arabia car rental & leasing market has witnessed sound growth at a CAGR of around 12. The size of the worldwide electric car rental market was USD 867. com Website: 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. Hence, the high costs of vehicles and high maintenance costs of vehicles lead to the car rental market growth in Europe. The expanding travel and tourism industry, rising trend of business and corporate travel, changing attitude toward car ownership, rapid. 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. 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. Market Research Future (MRFR) expects the global electric vehicles market to reach USD 893. 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. Revenue in the Car Rentals market is projected to reach US$29. In Europe, car rentals are usually available at affordable costs. Looking forward, IMARC Group expects the market to reach US$ 95. 65 mn during 2022-2027, accelerating at a CAGR of 12. 14 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. The global electric car rental market is set for an electrifying surge, projecting growth from $8. 01% during the forecast period. Global electric car rental market - Five forces. 2 Billion in 2022. The global Electric Vehicle Rental market size is projected to reach USD million by 2028, from USD million in 2021, at a CAGR of Percent during 2022-2028. 4% during 2021-2026. Projected public charging revenue per electric vehicle in the United Kingdom between 2016 and 2027 (in Great British Pounds) UK. Market growth was disrupted owing to lockdowns and the reduced income of the population. The global electric car rental market size is expected to grow from $8. Pune, Feb. The Car rental market accounted for USD 119. Three markets dominated global sales. 22, 2023 (GLOBE NEWSWIRE) -- The . DOWNLOAD PDF. The cost-effective and convenient mobility service, the growing concerns over greenhouse gas emissions, and the government policies encouraging the adoption of carsharing. Nissan LEAF | Electric Range: 240 / 363 km*. Ola Bikes, Uber, Rapido, and Zoomcar are some of the very successful Indian ridesharing startups. , Sixt Rent A Car, LLC, Europcar. 10 years later in 2021, that figure had grown close to 7 million vehicles. 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. EV Market’s Surge Toward $57 Trillion Sparks Global Flashpoints. 47 Million in 2021 and is expected to reach USD 1261. According to the research report, Europe Car Rental Market Outlook, 2028 the market is anticipated to add market size of USD 17. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by $7. NEW YORK, June 22, 2021 /PRNewswire/ -- The global electric car rental market is poised to grow by USDLONDON--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. 84 billion in 2023 to USD 575. Official forecasts for electric car take-up have been slashed. [127 Pages Report] The global bike and scooter rental market is projected to grow from USD 2. Shift towards Electric/Hybrid. In contrast, the United States market for BEVs. Germany Car Rental Market Analysis. NEW YORK, Nov. Driven by Increasing Demand from the Working-age Population and Expansion of the Tourism and Travel Industry, the car rental market in the Netherlands has ample growth potential in the coming years. The report offers an up-to-date analysis regarding the cur…Pricing Details. 14 bn during 2020-2024. 16 billion in. 120. Electric Car Rental Market Size was valued at USD 9. 52% during the 2022-2029 forecast period. Fortune Business Insights™ presented this information in an upcoming report, titled, “Luxury Car Rental Market Size, Share & Industry Analysis, By Rental Type (Business, Leisure), By Booking. Forecast period. 2. NEW YORK, June 22, 2021 /PRNewswire/ --. According to Precedence Research, the car rental market size is expected to hit around US$ 186. 64% during the forecast period. 4 Billion in 2021 and is expected to reach a value of USD 126. 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. Accelerate at a CAGR of 11. It is expected to reach USD 25,956. The growth of the car rental market; Analysis of the market’s competitive landscape and detailed information on vendors; Comprehensive details of factors that will challenge the growth of car rental market vendors; Related Reports: The electric car rental market size is estimated to grow at a CAGR of 12. 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. The target market holds nearly a. The COVID-19 pandemic hindered the growth of the car rental market owing to travel restrictions and the shutdown of several tourist agencies and car. 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,. The global Electric Car Rental market focuses on encompassing major statistical evidence for the Electric Car Rental industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. 55 billion in 2023 to USD 19. 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. electric vehicle market size was USD 24. 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. 1 billion by 2032, growing at a CAGR of 6. Moreover,. 8, 2022 /PRNewswire/ -- The electric car rental market is fragmented. Car rental companies are businesses that rent automobiles for a specific period of time at a particular cost. 3 million, from 2. 64% during the forecast period. Comprehensive details of factors that will challenge the growth of car rental market vendors;. Shift towards Electric/Hybrid. e. com's offering. the growth momentum will progress. In the upcoming 5 years, the market for renting and leasing cars is expected to register a CAGR of more than 9% per year. 1 billion by 2030, with a CAGR of 6. This was over two and a half times more than in 2018. 36% over the forecast period. The United States vehicle rental market is majorly dominated by Avis Budget Group, Enterprise Rent-A-Car and Hertz Global Holdings Inc. 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. 1% from 2022 to 2030. The remaining market comprises of organized players including financial institutions with licensed business as well as thousands of small local. 2017-2021. The report shows that electric vehicles (EVs) currently make up only 3% of car sales worldwide. 91 billion in 2023 at a compound annual. " Global "Electric Car Rental Market" [NEW. Indonesia has the largest auto leasing market and car rental market in South East Asia. According to the Market Statsville Group (MSG), the global car rental market size is expected to grow from USD 99,430. The global electric bike market was estimated to generate USD 14,404. L. 80% during 2023-2028 . Global Luxury Car Rental Market Size Worth 84. The global COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle. The Europe vehicle rental market was valued at over USD 13. The Car rental market accounted for USD 119. 120. 1. UK: forecast public charging revenue per electric vehicle 2016-2027. Car rental & leasing refers to the industry that provides vehicles to customers for short-term rentals or. 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. 3% during the forecast period. Currently, EVs make up only three to four percent of the new light duty market here in the U. The U. 4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8. That is just 5% of total car sales, but it shows we're already entering the steep part of the S. 01 Million) for the expansion of electric and hybrid car rental services across Romania. S. 42 billion in 2021. This paves the way for remarkable growth in the global car rental market over the forecast period. The rising demand for micro mobility and emission-free vehicles, growing traffic congestion, strict emission norms, and increasing demand for an economical mode. This report provides a detailed historical analysis of the global Electric Car Rental Market from 2017-to 2021 and provides extensive market forecasts from 2022-to 2030 by region/country and. 23 Sep, 2021, 05:05 ET. Chapter 2: Exclusive North America accounted for the largest share in the Electric Car Rental market in 2022 owing to the increasing collaboration activities by key players over the forecast. NEW YORK, June 22, 2021 /PRNewswire/ — The global electric car rental market is poised to grow by USD 7. Our report on the electric car rental market provides a holistic analysis, market size and forecast, trends, growth. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. Jan 04, 2023 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Electric Car Rental industry. 2. Automotive. The market is projected to grow from USD 728. Revenue in the Car Rentals market is projected to reach US$99. 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. 01 million by the end of 2030. In 2022, the. 28 billion in 2021, and it is expected to reach USD 223. March 20, 2023 13:18 ET | Source: Vantage Market Research. The Global Electric Car Rental market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. Apr 25, 2023 (The Expresswire) -- Global "Electric Car Rental Market" [2023-2030] Research Report furnishes an industry overview, encompassing significant. 6 Billion by 2028. 91 billion in 2023 at a compound annual growth rate (CAGR) of 16. 79 Billion in 2021 and is projected to reach USD 125. Top players are Europcar, The Hertz Corporation, Enterprise Rent-A-Car, Sixt SE. Prior to COVID-19, the car rental industry in Thailand was expanding steadily and profitably, and more individuals were hiring cars than in prior years. New Jersey, NJ — — 05/18/2022 — 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. 2022-2027. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. 5 billion by 2033. 36 billion in 2027 at a CAGR of 15%. A vertical stack of three evenly spaced. 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. Details. Comprehensive details of factors that will challenge the growth of car rental market vendors;. Revenue is expected to show an annual growth rate (CAGR 2023-2028) of 14. Electric vehicles will grow from 0. Nissan LEAF. 8% during the forecast period. The research report is titled “Electric Car Rental Market research by Types (Economy cars, Luxury cars), By Applications (Electric. 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. 64% between 2022 and 2027. Report Coverage. The market leaders tried to maintain their strong presence by acquiring other well-known brands such as Dollar, Thrifty, National and Alamo. S. London, UK -- ( SBWIRE) -- 02/17/2023 -- Electric Car. Advertisement. 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. The electric car rental market size is estimated to grow at a CAGR of 12. 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. The market was negatively impacted by COVID-19 in the first half of 2020. 6 million, representing close to 9% of the global car market and more than tripling their market share from two. 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. In Q2 2022, EV sales accounted for 5. The reports further project the market to attain a valuation of around USD 10,111. 2021-2025. 10 years later in 2021, that figure had grown close to 7 million vehicles. 0. 56 billion by 2028, at a CAGR of 17. The increased presence of top-notch companies and the. The Electric Car Rental market industry is projected to grow from USD 11. 59 billion by 2030 from valued at US$ 95. The global golf cart market size was USD 1. 91 billion in 2023 at an impressive Compound Annual Growth Rate (CAGR) of 16. 69 billion in 2022 to USD 131. Details. 2% from 2021 to 2030. 01% during the period 2017-2021. Total annual revenue for carsharing in the U. 65 mn during 2022-2027, accelerating at a CAGR of 12. 65 mn during 2022-2027, accelerating at a CAGR of 12. Growth momentum & CAGR. 25. Future developments may include increased vehicle autonomy and. 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. In January 2022, In the United Kingdom, the London Electric Vehicle Company (LEVC). 4% in the 2021-2028 period. 9 percent over the forecast period. 7% from 2021 to 2028. This was over two and a half times more than in 2018. At 24. 5% from 2023 to 2030. The increasing popularity of smartphone-based online rental car booking apps, the car rental business has gotten a lot of attention. 3 Billion by 2030 at a 6. 03% during the forecast period. Premium Report Details. The report covers various aspects including Business Models,. 48 billion in 2023 to USD 1,579. The electric car rental market size is estimated to grow at a CAGR of 12. The size of the worldwide electric car rental market was USD 867. 64% between 2022 and 2027. 36 billion in 2021 and is forecast to register a CAGR of 7. 14 billion during 2020-2024. . 6%. DUBLIN--(BUSINESS WIRE)--The "Global Electric Car Rental Market 2021-2025" report has been added to ResearchAndMarkets. 64% between. com Website: LONDON--(BUSINESS WIRE)--Technavio has been monitoring the electric car rental market and it is poised to grow by USD 7. The growth of the market can primarily. Global Electric Car Rental Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics. 030 billion by 2026, from US$1. 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. EV sales are expected to continue strongly through 2023. 57 billion in 2030, with a CAGR. This growth is mainly due to the increasing adoption of electric bikes as a mode of transportation on a daily basis globally. Additionally, the rising number of foreign tourists in the country is. com's offering. This shows that despite the challenges, the car rental industry is poised for sustainable growth in. 47 billion in 2018 and opportunities are poised growing with a compound annual growth rate (CAGR) of 11. The Global Electric Car Rental Market is expected to grow at a 15% CAGR and is estimated to be worth USD 20. , but industry analysts anticipate the EV market share in the U. Experts say the rental car industry trend reflects America’s broader societal shift toward electric cars. The Electric Vehicle. 14 bn during 2020-2024, progressing at a CAGR. 14 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4. 50 billion in 2022 to $9.