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Light Electric Vehicle Market - by Application, Deployment Mode, Industry Vertical - Opportunity Analysis and Industry Forecast, 2013-2019
Light weight electric vehicle are usually two or three wheelers, weighing less than 100 kilograms and energy storage device such as fuel cell or battery. They also use light weight metals for their construction. Earlier, weight of electric vehicles increased considerably by usage of traditional heavy batteries.Obtain Brochure For Latest Technology Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1468
Some of the key driving factors of this market are increased environmental concerns, performance benefits, and reduced energy dependence. Most important advantage of light electric vehicle is that rechargeable batteries recycle well, thereby eliminating the disposal problem.
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Thus, light weight electric vehicle market is expected to compete with petroleum powered vehicles over the forecast period. However, fully discharged vehicle would require a long time to get charged completely, so it will be out of service for a long time. This limitation is expected to hinder the growth of light electric vehicle market.
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Rapid industrialization and increasing fuel price concerns in developing economies of Asia Pacific are expected to drive the light weight electric vehicle market over the forecast period. Mature markets of U.S. and Europe continue to be key markets for light electric vehicle industry.
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