The U.S. electric mobility market is projected to grow significantly, reaching USD 171.87 billion by 2030, driven by a compound annual growth rate of 20.2% between 2025 and 2030. This growth is supported by increasing adoption of electric vehicles, particularly e-scooters, among younger demographics, alongside factors such as quick urbanization and improved purchasing power. Additionally, regulatory measures aimed at reducing greenhouse gas emissions from transportation are encouraging the adoption of energy-efficient vehicles, thus fostering market expansion. Key industry players are focusing on product innovation and strategic partnerships to enhance their market presence. The market’s dominant segments, including e-cars and Li-Ion batteries, highlight consumer preferences and technological advancements.
In other market news, XPeng was a standout up 6.3% and closing at $13.87. Meanwhile, Volvo Car AB (publ.) trailed, down 6.8% to close at SEK22.79.
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NIO closed at $4.16 up 1.5%.
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Ford Motor settled at $10.01 up 0.6%. On Monday, Ford announced a partnership with Hireology to enhance dealership hiring capabilities nationwide.
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Tesla settled at $413.82 down 3.4%.
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