Zoomcar Releases EV Experience Insight Report: How Self-Drive Rentals Can Accelerate Adoption in Emerging Markets

Rhea-AI Summary

Zoomcar (OTCQB: ZCAR) released the EV Experience Insight Report 2025, arguing self-drive EV rentals can accelerate electric vehicle adoption in emerging markets.

The report cites global EV penetration (38% China, 21% Europe, 9.3% US in 2024), notes EV listings on car-sharing platforms at 12–15%, and that 42% of renters used EVs to "try before they buy." It highlights India’s low passenger EV penetration (~2%), barriers such as limited public and home charging, and pilot-program operational constraints on long-distance routes.

Zoomcar says it sees 2026 as the first scalable opportunity to introduce EVs in its peer-to-peer ecosystem via collaborations with OEMs and charging operators.

Positive

• EV listings on car-sharing platforms at 12–15%
• 42% of renters use EVs to 'try before they buy'
• Company targets 2026 as first scalable EV opportunity

Negative

• India passenger EV penetration at ~2%
• Limited public charging and low home-charging access
• Operational constraints on long-distance and intercity EV routes

News Market Reaction – ZCARW

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+38.89% News Effect

On the day this news was published, ZCARW gained 38.89%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Global benchmarks show experiential EV rentals drive purchase conversions — a model poised for growth in India.

BENGALURU, India, Dec. 23, 2025 /PRNewswire/ -- Zoomcar Holdings Inc. (OTCQB: ZCAR), India's largest peer-to-peer car-sharing marketplace, today released its EV Experience Insight Report 2025, outlining the crucial role that self-drive rentals can play in catalyzing electric vehicle adoption in emerging markets.

In developed markets, EV adoption has hit mainstream penetration — 38% in China, 21% in Europe, and 9.3% in the US in 2024. On leading car-sharing platforms like Turo, EV rentals already represent 12–15% of listings, with 42% of renters using EVs specifically to 'try before they buy.'

Link to read the full report: Zoomcar EV Experience Insight Report

India: A High-Potential, Under-Serviced EV Market

In India, EV penetration for passenger vehicles stands at just ~2%, constrained by limited public charging infrastructure, low home-charging access, and relatively higher upfront costs.

Zoomcar's pilot program with EVs highlighted substantial consumer interest but also revealed operational and infrastructure constraints — particularly for long-distance travel and intercity routes.

Why Experience-Led Models Matter

The report underscores a global trend: exposure builds comfort, significantly improving EV purchase propensity. Renting EVs allows customers to understand range realities, charging speeds, payment ecosystems, and total cost of ownership in a risk-free manner.

Zoomcar's 2026 Outlook

With India expected to ramp up charging infrastructure under upcoming policy frameworks, Zoomcar believes 2026 will mark the first scalable opportunity to introduce EVs within its peer-to-peer ecosystem. The company aims to collaborate with OEMs and charging operators to build a robust experience-led adoption pathway.

"As global EV markets mature, emerging economies will unlock the next 100 million EVs. Self-drive rentals are uniquely positioned to accelerate this shift by giving consumers confidence and familiarity. We look forward to shaping this experience-led transformation in India," said Deepankar Tiwari, CEO - Zoomcar.

About Zoomcar

Founded in 2013 and headquartered in Bengaluru, Zoomcar is India's largest peer-to-peer car-sharing marketplace. Through its digital-first platform, Zoomcar connects individual vehicle owners (Hosts) with users (Guests), offering flexible access to vehicles for self-drive carsharing. The company's mission is to promote smarter, shared mobility that is both economically empowering and environmentally sustainable.

Forward Looking Statement:

Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "plans," "expects," "believes," "anticipates," and similar words are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning our expected revenue growth and improved profitability, and our financial forecasts. Forward-looking statements are based on our current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings we make with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by us, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

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SOURCE Zoomcar

FAQ

What did Zoomcar announce in the EV Experience Insight Report 2025 for ZCAR?

Zoomcar released an EV insight report saying self-drive rentals can boost EV adoption and that 2026 may be the first scalable rollout in its peer-to-peer ecosystem.

How common are EV listings on car-sharing platforms according to Zoomcar's report?

The report cites EV listings at approximately 12–15% on leading car-sharing platforms.

What percentage of renters used EVs to 'try before they buy' in the report?

The report states 42% of renters used EVs specifically to test before purchasing.

What are the main barriers to EV adoption in India noted by Zoomcar?

Key barriers listed are limited public charging, low home-charging access, and operational constraints for long-distance travel.

What timeline does Zoomcar give for scaling EVs within its peer-to-peer model (ZCAR)?

Zoomcar says it expects 2026 to mark the first scalable opportunity to introduce EVs in its peer-to-peer marketplace.