Urban transportation is the crux of economic growth in both industrialized and emerging nations, but it is also a significant contributor to energy usage, poor air quality, health impacts, and traffic problems. Sustainable mobility is one of the most comprehensive techniques for combating this global climate change. Hence, the decarbonization of the transportation sector by deploying electric vehicles (EV) and shared mobility is currently an environmentally friendly and cost-effective solution. This study sought to review the studies conducted on shared mobility and electric vehicles. A thorough literature search revealed that the EV encompasses the hybrid EV, the plug-in hybrid EV, and the battery EV. EVs also provide various advantages over conventional vehicles, including zero greenhouse gas emissions, ease, reliability, affordability, convenience, efficiency, and connectivity. In contrast, the most prevalent forms of shared mobility include car-sharing, micromobility, ridesharing, ridesourcing, and microtransit. The implementation of shared mobility helps reduce the difficulties created by pollution and traffic congestion by lowering the number of vehicles in transit, congestion, and the release of polluting gases in metropolitan areas. Combining shared mobility and EVs may accelerate acceptance of both and minimize energy usage and GHG emissions by relying on smaller, efficient shared EVs. In the future, we may anticipate the emergence of many car-sharing programs utilizing electric vehicles. The findings of this research can be utilized in long-range planning for shared electric programs.