Light Electric Vehicles

Light Electric Vehicles
Summary
Various light EV (LEV) technologies are emerging to address the congestion, poor air quality, and lack of mobility options negatively affecting transportation markets around the world. LEVs offer the ability to improve personal mobility while simultaneously reducing pollution from the transportation sector--attributes desired by government authorities and citizens alike. In contrast to private cars, LEVs occupy much less physical space, contributing less to traffic congestion and providing more flexibility in where they can travel and be parked. Additionally, these vehicles are generally more affordable than full-sized vehicles.Increasing urbanization and a desire to move away from full-sized cars for motorized transportation are opening up opportunities for LEVs, including low speed EVs (LSEVs) and electric-powered two-wheel (e-PTW) vehicles.In China, LSEV sales are exploding, as more consumers are demanding low cost, fully enclosed, four-wheel vehicles that offer cargo hauling advantages over two-wheelers.Additionally, campus-type atmospheres such as colleges or universities, retirement communities, military bases, airports, corporate campuses, and manufacturing facilities are increasingly utilizing LSEVs (particularly in North America) due to their low costs, convenience, and lack of emissions. According to Navigant Research, global LEV sales are expected to generate $9.3 billion in revenue in 2017 and more than double to a $23.9 billion market by 2026.This Navigant Research report analyzes the global market for LEVs, with a focus on LSEVs, also referred to as neighborhood EVs (NEVs), and e-PTW vehicles such as electric motorcycles (e-motorcycles) and electric scooters (e-scooters).The study provides a detailed analysis of the market opportunities, key market drivers and challenges, and technology trends associated with LEVs.Global market forecasts extend through 2026 and are segmented by technology, region, and three peak motor output categories.The report also provides profiles of key LEV manufacturers and suppliers and analyzes the use of LEVs by private consumers and fleets in mobility, commercial, and recreational applications.