Applications: Electric Vehicles (EV)

Micro-Mobility Market Size & Demand Growth The micro-mobility market growth is mostly driven by e-bike sales. McKinsey1 estimates that the global micro-mobility market will reach about $360 billion by 2030, up from about $175 billion in 2022, with Europe sharing most of that value. The US has also seen record high demand, driven by ample incentive programs 2. Safety issues continue to be grappled with, spurring regulation 3,4.

Source: 1 McKinsey, 2 US DOE, 3 NYFD, 4 Safety Bulletin

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