Global Low Speed Electric Vehicles Market Insights and Forecast to 2028

A low speed electric vehicle (LSV) is a four-wheeled vehicle with an attainable speed of more than 20 miles per hour but not more than 25 miles per hour (in China, not more than 70 kilometers per hour) on a paved surface, and it has a gross vehicle weight rating (GVWR) of less than 3,000 pounds. It cannot be powered by gas or diesel fuel.
Market Analysis and Insights: Global Low Speed Electric Vehicles Market
Due to the COVID-19 pandemic, the global Low Speed Electric Vehicles market size is estimated to be worth US$ 7988.8 million in 2022 and is forecast to a readjusted size of US$ 14940 million by 2028 with a CAGR of 11.0% during the review period. Fully considering the economic change by this health crisis, Lithium-Ion Battery Low Speed Electric Vehicle accounting for % of the Low Speed Electric Vehicles global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Personal Use segment is altered to an % CAGR throughout this forecast period.
The major players in global Low Speed Electric Vehicles market include Yogomo, Dojo, Shifeng, etc. The top 3 players occupy about 25% shares of the global market. China is main market, and occupies about 75% of the global market. Lithium-Ion Battery Low Speed Electric Vehicle is the main type, with a share about 45%. Personal Use is the main application, which holds a share about 45%.
In terms of production side, this report researches the Low Speed Electric Vehicles capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Low Speed Electric Vehicles by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Low Speed Electric Vehicles Scope and Segment
Low Speed Electric Vehicles market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Low Speed Electric Vehicles market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Lithium-Ion Battery Low Speed Electric Vehicle
Lead-Acid Battery Low Speed Electric Vehicle
Other
Segment by Application
Personal Use
Golf Course
Public Utilities
Sightseeing
Others
By Company
Textron
Yamaha
Polaris
Renault
Garia
Ingersoll Rand
CitEcar Electric Vehicles
Star EV
Melex
Columbia
Yogomo
Dojo
Shifeng
Byvin
Lichi
Baoya
Fulu
Tangjun
Xinyuzhou
GreenWheel EV
Incalu
Kandi
APACHE
Zheren
Eagle
Taiqi
Production by Region
North America
Europe
China
Japan
Mid East & Africa
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE