Electric car rental market 

The Electric car rental market is growing rapidly primarily in the developed regions like North America and Europe and is expanding globally at a rapid pace due to the increasing number of business & leisure trips worldwide are increasing significantly. The increasing use of online portals is shaping the growth of this market. Furthermore, the rising use of smartphones, growing service sector globally, stringent vehicle emission regulations, and growing population is expected to accelerate the growth of this market. Additionally, fluctuation in crude oil prices and lack of government transport facilities are also contributing to the growth of this market.

CNG and gasoline rental cars, lack of infrastructure, unorganized car rental service, and the high initial prices of electric vehicle are expected to hamper the market growth during the forecast period. However, technological advancement in e-car rental service, changing lifestyle, and developing economies in emerging countries create ample opportunities for the expansion and growth of this market. Therefore, the global electric car rental market is projected to reach around USD 15 Billion and is estimated to witness 15% CAGR during the forecast period.

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