Micro EVs Market

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.
Micro EVs Market contains market size and forecasts of Micro EVs in global, including the following market information:
Global Micro EVs Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Micro EVs Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Micro EVs companies in 2021 (%)
The global Micro EVs market was valued at 8415.8 million in 2021 and is projected to reach US$ 12440 million by 2028, at a CAGR of 5.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Lead-acid Battery EVs Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Micro EVs include Yogomo, Shifeng, Textron, Dojo, Byvin, Polaris, Lichi, Baoya and Tangjun, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Micro EVs manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Micro EVs Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Micro EVs Market Segment Percentages, by Type, 2021 (%)
Lead-acid Battery EVs
Lithium-ion Battery EVs
Global Micro EVs Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Micro EVs Market Segment Percentages, by Application, 2021 (%)
Personal Use
Commercial Use (Sightseeing, Golf etc.)
Public Utilities
Global Micro EVs Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Micro EVs Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Micro EVs revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Micro EVs revenues share in global market, 2021 (%)
Key companies Micro EVs sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Micro EVs sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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