The global microcars space is emerging as a structural component of urban mobility, positioned between two-wheelers and compact passenger cars. In 2024, global microcar sales are estimated at 1.42 million units, with volumes projected to reach 1.78 million units by 2035, reflecting a CAGR of about 2.1%. Demand is concentrated in Asia-Pacific, particularly China’s A00-class mini electric vehicles (EVs), with Europe and North America developing distinct quadricycle and low-speed vehicle (LSV) niches.

• How are factors like small footprints and low emissions creating growth avenues for microcars, and how are they helping unclog city centers and strengthen first-/last-mile connectivity?
• In what ways are factors like rising solo commuting, delayed car ownership among younger demographics, and aging populations seeking easy-to-drive vehicles contributing to microcar adoption and growth?
• Why are Microcars increasingly built on modular electric vehicle (EV) platforms with Internet of Things (IoT) connectivity, telematics, remote diagnostics, and compatibility with mobility-as-a-service (MaaS) ecosystems?