Prepared for Emma F. | Delivered February 5, 2020
UK Mobility Industry Profile/Outlook
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To obtain insights into the profiles of emerging mobility companies in the UK including areas of expected growth year over year, major players within the market, and growth areas in other forms of transport.
suggests that the number of electric vehicles on UK roads could reach 10.6 million by 2030 and as high as 36 million by 2040.
Europe's electric vehicle market is projected to have a
CAGR of 34.6%
between 2020 and 2027.
From 2007 to 2017, the UK's usage of
and private hire vehicles grew by 36% and 41%.
While still making up about 70% of all public transport usages, the number of
has fallen by 11% in the past decade.
services are projected to grow 30% to £102 billion by 2023.
is a company based out of London, United Kingdom. They're focus is the production of second generation electric vehicles that are no more expensive that traditional vehicles.
Their target market is commercial companies with a large dependence on motor vehicles such as
Several large, notable
have invested in Arrival such as UPS,
While Arrival has not yet generated significant revenue, it has a valuation of
Currently, Arrival has not sold any vehicles on a commercial scale. It expects to launch its first line of vehicles commercially in
electric vehicle market
is expected to have a CAGR of 34.6% between 2020 and 2027.
twitter handle is