Electric Car Rental Market size is set to grow by USD 18.00 billion from 2024-2028, Increasing demand for rental cars due to rise in international tourism boost the market, Technavio

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  • Author(s): PR Newswire
  • Source:
    PR Newswire US. 07/03/2024.
  • Additional Information
    • Alternate Title:
      TECHNAVIO-Research
    • Subject Terms:
      New York
    • Abstract:
      NEW YORK, July 3, 2024 /PRNewswire/ -- The global electric car rental market size is estimated to grow by USD 18.00 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 16.68% during the forecast period. Increasing demand for rental cars due to rise in international tourism is driving market growth, with a trend towards technological advancements in battery technology. However, global power crisis hindering the growth of ev market poses a challenge. Key market players include Avis Budget Group Inc., Blu Smart Mobility Pvt. Ltd., Blue Cars Ltd., Current Vehicles Ltd., DriveElectric, Enterprise Holdings Inc., Envoy Technologies Inc., ETO Motors Pvt. Ltd., Evoke Pty Ltd., Green Motion International, Hertz Global Holdings Inc., Plug N Drive, SIXT SE, Stellantis NV, UFODrive SA, Volkswagen AG, Volt Age Hire, Wattacars, ZERO Carbon Technologies Inc., and Zoomcar India Pvt. Ltd.. [ABSTRACT FROM PUBLISHER]