Electric Car Rental Market to Reach USD 21.37 Billion by 2031, Driven by Fleet Electrification, Reports Mordor Intelligence

HYDERABAD, India, Aug. 20, 2026 /PRNewswire/ -- According to the latest report by Mordor Intelligence, the electric car rental market size is projected to grow from USD 9.71 billion in 2025 to USD 10.90 billion in 2026, reaching USD 21.37 billion by 2031 at a 14.41% CAGR. Growth is being supported by rapid fleet electrification, stronger partnerships between automakers and rental companies, and the expansion of airport fast-charging infrastructure. Battery electric vehicles continue to account for a major share of rental fleet orders, supported by measures that help reduce depreciation risks. At the same time, peer-to-peer rental platforms and digital-first operators are intensifying competition, while improved charging networks are helping rental companies reduce vehicle turnaround times.