Press release
Micro Electric Vehicle Market Size is expected to reach US$ 11150 million by the end of 2027, growing at a CAGR of 5.3% during 2023-2027
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.
Global Micro Electric Automotive (Micro EVs) key players include Yogomo, Shifeng, Dojo, Byvin, Textron, etc.
China is the largest market, followed by Europe, and North America.
In terms of product, Lead-acid Battery EVs is the largest segment, with a share over 75%. And in terms of application, the largest application is Personal Use, followed by Commercial Use, Public Utilities.
The global Micro Electric Automotive (Micro EVs) market was valued at US$ 7655 million in 2020 and it is expected to reach US$ 11150 million by the end of 2027, growing at a CAGR of 5.3% during 2021-2027.
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By Company
• 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
By Type
• Lead-acid Battery EVs
• Lithium-ion Battery EVs
By application
• Personal Use
• Commercial Use
• Public Utilities
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-38C8824/global-micro-electric-automotive-micro-evs
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1. https://reports.valuates.com/reports/ALLI-Manu-1E46/micromobility
2. https://reports.valuates.com/market-reports/ALLI-Auto-0O416/electric-bike
3. https://reports.valuates.com/reports/ALLI-Manu-3F64/folding-bike
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