Electric Car Rental Market (Updated Version Available)

Car rental services operate on the model of renting automobiles for short periods of time, generally ranging from a few hours to a few weeks. There is a network of local branches that assist the customers with easy pick up and drop facilities. Car rental agencies serve people who require a temporary vehicle; for example, those who do not own a car or tourists. The demand for car rental services has increased due to the growth of the tourism industry and the cost advantages they offer to the users.
Advancements in battery technology such as the development of Li-ion batteries are propelling the growth of the EV market since Li-ion batteries have a complex chemistry and do not adhere to Moore\'s law. The traces of new compounds alter the properties of the battery materials and increase the energy density. Manufacturers are replacing the anode material from graphite to silicon due to their high energy density. Major battery manufacturers are also focusing on developing multivalent-ion batteries and next-generation lithium-sulfur batteries, that store energy in chemical bonds and in huge quantity. According to our analysis, technological advancements in battery technology will be one of the key trends that will gain traction in the electric car rental market.
The electric car rental market is highly competitive due to the presence of several well-established vendors. The key vendors in this electric car lease market are investing immensely in setting up charging infrastructure to make it easy to rent electric vehicles. Factors such as the advancements in technology, the introduction of government regulations, and the entry of new players, will intensify the competitive environment among the vendors in the electric car rental market.
The Global Electric Car Rental Market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.

In the global Electric Car Rental Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
Avis Budget Group
Enterprise Holdings
Europcar Group
Hertz
Sixt
BlueIndy
DriveElectric
Drive Electric Orlando
DriveNow
Easirent
Green Motion
Wattacars
Zoomcar

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Economy cars
Luxury cars

In Market segmentation by applications :
Electric Cars
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Electric Car Rental Market for the forecast period 2020 - 2026?
• What are the driving forces in the Electric Car Rental Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Electric Car Rental industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?