Micro electric vehicles are driven by electric battery propulsion
with a power rating of 4-10 KWh and are generally two to four-seater
vehicles. This class of vehicles was earlier considered to belong to the
category of electric vehicles, but as a result of the increased demand
for this product and rapid growth of the market, they now form a
separate market category.
Analysts forecast the Global Micro Electric Vehicles market will grow at a CAGR of 14.91 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in
the Global Micro Electric Vehicles Market : Ingersoll Rand plc Polaris
Industries Inc., Textron Inc., Yamaha Motor Corp. , Canadian Electric
Vehicles Ltd., Chongqing Huansong Industries (Group) Co. Ltd., Columbia
ParCar , E-Ride Industries , Italcar, Pride Mobility Products Corp. ,
Shenzhen Marshell Green Power Co. Ltd., Suzhou Eagle Electric Vehicle
Manufacturing Co. Ltd., Tomberlin Automotive Group, Zhejiang Ruifeng (R
& P) Industry Group
The focus of vendors has shifted to finding ways to extend the life
of Li-ion batteries. These batteries are now used in a variety of
applications such as cell phones, laptops, PCs, power tools, electric
bikes, electric scooters, tablets, medical devices, UPS systems, and
transit buses. These batteries have completely replaced lead-acid
batteries in several applications. The Global Li-Ion Battery market for
Hybrid and Electric Vehicles is expected to grow yearly at 20 percent
till 2025
Covered in this Report
The Global Micro Electric Vehicles market can be divided into three segments: Quadricycles, Golf Carts, and Mobility Vehicles for the Disabled. To calculate the market size, the report considers the revenue generated from the combined sales of all three segments. . In addition, the report discusses the major drivers that influence the growth of the Global Micro Electric Vehicles market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
The Global Micro Electric Vehicles market can be divided into three segments: Quadricycles, Golf Carts, and Mobility Vehicles for the Disabled. To calculate the market size, the report considers the revenue generated from the combined sales of all three segments. . In addition, the report discusses the major drivers that influence the growth of the Global Micro Electric Vehicles market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Global Micro Electric Vehicles Market 2014-2018, has been prepared
based on an in-depth market analysis with inputs from industry experts.
The report covers the Americas and the EMEA and APAC regions; it also
covers the Global Micro Electric Vehicles market landscape and its
growth prospects in the coming years. The report also includes a
discussion of the key vendors operating in this market.
According to the report, the Global Micro Electric Vehicles market
has taken center stage mainly because of the increase in government
subsidies for manufacturers and incentives for buyers of such vehicles.
Gasoline and diesel-based vehicles are major generators of greenhouse
gas emissions. Various governments are taking an active interest in
reducing the increasing emission levels of greenhouse gases. They are
also actively involved in promoting clean and efficient ways of
transportation.
Further, the report states that the inadequate infrastructure for
charging electric vehicle batteries is a major challenge faced by the
Global Micro Electric Vehicles market. Also, the time taken to recharge
these batteries is too long. There is a lot of scope to improve the
infrastructure for charging batteries. Hence, the present infrastructure
is not sufficient to cater to current demand.
