A micro electric vehicle (EV) is a four-wheeled electric powered micro 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 usually has a gross vehicle weight rating (GVWR) of less than 3,000 pounds.
Neighborhood electric vehicles (NEVs), golf carts and utility terrain vehicles all fall into this category.
Global Sales of Micro EVs surged in the past two years with the good sales of scooters in China market. Global Micro EVs are expected to sell 2.51 million units in 2025 and more than 80% will appear in China market, which exhibits a promising trend of the industry. For the products types, lithium ion batteries based Micro EVs are more favored in USA, Europe and Japan, while lead-acid batteries based products take a large market share in China.
Attracted by the market profits, more and more companies have entered into Micro EVs industry, the competition between manufacturers at home and abroad is fierce for the time being. For the major players of Micro EVs industry in global market, Textron, Yamaha and Polaris are the leaders. In the other side, China suppliers such as Yogomo, Dojo and Shifeng have obvious large sales market share.
For the fierce competition between suppliers, price and gross margin is expected to decrease further. Global average price of Micro EVs is predicted to decline 4.06 thousand USD/Unit in the end of 2025, for the manufacturers, gross margin is about 15%~23%.
The global Micro EVs market is valued at 5720 million US$ in 2018 is expected to reach 10200 million US$ by the end of 2025, growing at a CAGR of 7.5% during 2019-2025.
This report focuses on Micro EVs volume and value at global level, regional level and company level. From a global perspective, this report represents overall Micro EVs market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Yogomo
Shifeng
Textron
Dojo
Byvin
Polaris
Lichi
Baoya
Tangjun
Yamaha
Fulu
Xinyuzhou
GreenWheel EV
Incalu
Kandi
Renault
APACHE
Garia
Zheren
Ingersoll Rand
CitEcar Electric Vehicles
Eagle
Taiqi
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Lead-acid Battery EVs
Lithium-ion Battery EVs
Segment by Application
Personal Use
Commercial Use (Sightseeing, Golf etc.)
Public Utilities
Summary:
Get latest Market Research Reports on Micro EVs . Industry analysis & Market Report on Micro EVs is a syndicated market report, published as Global Micro EVs Market Research Report 2019. It is complete Research Study and Industry Analysis of Micro EVs market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.