Stringent Emission Regulations in the US Might Boost the Demand for Low Speed Electric Vehicles
Based on the use and the terrain, the power output or the vehicle type of low speed vehicle is considered. The market for the high-power output (>15 kW) segment is expected to showcase the highest growth during the forecast period. High power output vehicles are found in all types of low speed vehicles, such as commercial turf utility vehicles, industrial utility vehicles, and personnel carriers. The demand for high-speed low speed vehicles is increasing with the increase in the speed limit and government permission to ride it on selected roads and high-speed capability requires high power output.
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