"According to a new country report published by Lucintel, the future of  low speed electric vehicle market in the United States looks promising with opportunities in the electric golf carts, personal utility vehicles, light speed off road, and low speed heavy duty vehicles. The low speed electric vehicle market in the United States is primarily driven by stringent environmental regulations, improvement in electric vehicle R&D, advanced battery technology, and government subsidies.

This report studies factors affecting the low speed electric vehicle market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.

Among various growth areas, Lucintel forecasts that 48 Volt powered LSEV will remain the largest segment as it provides optimal power to price ratio. Within the low speed electric vehicle market in the United States, golf cart will remain the largest application and it is also expected to witness the highest growth over the forecast period due to rise in the popularity of golf sports.

Emerging trends, which have a direct impact on the dynamics of the industry, include development of low cost lithium ion batteries, adoption of 3D printing technology for LSEV manufacturing, and increasing use of LSEVs as personal transportation vehicles in different countries.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the low speed electric vehicle market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Low Speed Electric Vehicle Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the low speed electric vehicle market in the United States by product type, and voltage as follows:

LSEV Market by Voltage [$M shipment analysis from 2014 to 2025]:
• 24V
• 36V
• 48V
• 60V
• 72V

LSEV Market by End Use Industry [$M shipment analysis from 2014 to 2025]:
• Personal Utility Vehicles
• Golf Carts
• Low Speed Heavy Duty
• Low Speed Off Road

This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/opportunities-for-the-low-speed-electric-vehicle.aspx or write to us at [email protected]

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com "