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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Electric Micro Vehicles Market Competitive Landscape
Renault Group is one of the leading automobile manufacturers that has unique alliances with Mitsubishi and Nissan. It has an extensive presence in 38 countries and boasts a workforce of above 111,000 employees. Renault, Alpine, Dacia, and Mobilize are its leading brands.
In 2021, the company manufactured 2,699 million vehicles, sold 2,696 vehicles, and recorded a net profit of EUR 967 million. Moreover, the company actively invests to boost the resiliency of its supply chains.
Citroën is one of the leading Europe electric micro vehicles market companies that is based in France. It offers diverse models ranging from SUVs, saloons, and commercial vehicles to Ami, its electric mobility vehicle. Most of its ranges are available in rechargeable hybrid or electric versions. It has a wide network 6,200 points of service as well as sale across 101 countries.
TAZZARI EV has been one of the pioneers in the EV market since 2006. The company’s technology develops innovative electric vehicles offering zero emissions and high-efficiency for various other brands. In 2023, 50 electric vehicles project were developed by the company. Moreover, its electric vehicle range offers a negligible cost per kilometres as compared to conventional 4-wheel vehicles.
Micro Mobility System AG aims to make urban mobility time saving and practical and is one of the pioneers in the Europe electric micro vehicles market. It develops products that are ideal for covering short distances. With penetration in over 80 countries, the company offers mobility devices for adolescents, children, and adults under the micro® brand name. Some of its best-selling products include Micro Kickback, Micro Flex, Micro Sprite, Micro Luggage, Mini Micro, Maxi Micro, and e-scooters, among others.
smart Europe GmbH is a subsidiary of smart Automobile Co., Ltd. and was established to sell, supply, and service smart vehicles in the European market. The design of the next-generation EVs is leveraged from the Mercedes-Benz design network while R&D activities are carried out in China. With headquarters in Hangzhou Bay, Ningbo, its operational sales functions are based in Europe and China.
Space Options Limited (Siticars.com) is a London-based start-up that manufactures me, a micro electric and zero emission vehicle. me, a two-seater, fully automatic vehicle offering a range of 150kms and a maximum speed of 78km/h on a single charge, is one of the most popular cars in the Europe electric micro vehicles market. With the flagship product, the company aims to boost the affordability and convenience of electric micro vehicles.
Europe Electric Micro Vehicles Market Report Snapshots
Europe Electric Micro Vehicles Market Size
Europe Electric Micro Vehicles Market Analysis
Europe Electric Micro Vehicles Market Growth
Europe Electric Micro Vehicles Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2021, the market attained a value of nearly USD 943.8 million.
The market is being aided by the rising car sales, the growing trend of sustainability, and the increasing demand for innovative urban mobility solutions.
Technological advancements and innovations, the cost-effectiveness of electric micro vehicles, and the introduction of various government policies promoting EV sales are expected to aid the market.
The major regions in the market are Germany, France, Spain, Belgium, the United Kingdom, Switzerland, the Netherlands, Turkey, and Italy, among others.
The Europe electric micro vehicles market is estimated to grow at a CAGR of 35.70% between 2024 and 2032.
A battery of an electric micro vehicle undergoes a discharge cycle, due to which its range decreases. Hence, batteries of electric micro vehicles usually last between 10 to 20 years.
As electric micro vehicles are compact, they offer parking benefits and are ideal for urban mobility. They are easy to drive, affordable, and feature zero-emission motoring. In addition, electric micro vehicles are comfortable and protective and offer smooth and easy drive.
The major types of electric micro vehicles are cruiser and touring.
While plug-in hybrid electric vehicles use batteries charged with electricity and internal combustion engines, battery electric vehicles are fully powered by electricity. Moreover, battery electric vehicles are more efficient than plug-in hybrid vehicles and hybrid electric vehicles.
The significant end uses of electric micro vehicles are goods carrier and passenger carrier.
Electric micro vehicles are categorised as quadricycle in Europe, due to which driving such vehicles do not require driver’s license. Moreover, electric micro vehicles like Citroen’s Ami are accessible from 16 years age in various European countries and from 14 years in France.
The major players in the market include Renault Group, Citroën, TAZZARI EV, Micro Mobility System AG, smart Europe GmbH, Space Options Limited (Siticars.com) and Others.
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