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An analysis on Electric Low Speed Vehicles (LSV) Market 2018-02-23

Low speed vehicles are light weight vehicles which have a speed ranging between 20mph (32km/h) to 25mph (40km/h) like golf carts and neighborhood electric vehicles (NEV). In order to meet the needs of short distance transportation, LSVs are favored by the majority of consumers

Follows are main reasons why LSVs are developing fast:

1 Because of the continuous pressure of reducing emission of greenhouse gases. LSV is being significantly push into market. Governments also take initiatives to develop Electric vehicles on reducing the conventional fossil fuel.

2 One of the key factors that growing demand for non-polluting and low speed electric vehicles in hotels, airports, public transportation and golf courses drives the growth of global electric LSV market.

3 People in developed countries realize that greenhouse gas mitigation and its harmful effects on environment and health. Especially, zero emission from LSV and their low maintenance attract consumers in developed countries, low speed vehicles are expected to impel on the market.

Data shows

1 “The global electric low speed vehicle market accounted for USD 2.3 billion in 2015 and expected to reach USD 7.4 billion by the end of forecast period i.e. 2024. Further the market anticipated to expand at compound annual growth rate of 15.7% over the forecast period.”

2 As one kind of LSVs, there will be high demand for new electric golf carts.  As more than 34,000 golf courses excluding the number of under construction project; APAC and North America accounted for more than 200 ongoing projects of golf courses

We have learned that Vehicles are divided into Neighborhood electric vehicles (NEV), Electric golf carts, Electric personal utility vehicles, Off road electric vehicles, Commercial electric vehicles. Low speed vehicles are used golf courses, airports, hotels and resorts, residential premises and other (Tourist spots etc)

To meet the market demand, KOK power strives to develop different lithium batteries applicable for City car, Golf Cart, Tricycle, Utility Vehicle and so on.

Meanwhile, surveys show that low speed vehicle manufacturers facing many challenge that consumers prefer vehicles under good price, practicality, functionality.

Therefore, for your consideration. Electric lithium low speed vehicle batteries from KOK power are made in the premise of affordable price, travel range, convenience, charging state and customized need.

To get succeed in current scenario, we provide OEM product and design. For example, we have designed 90v 40ah electric bike batteries for Philippines customer, giving the best solution to ensure its high performence.

As low speed vehicles batteries need sophisticated technology, we have senior engineer team for your service. We can design lithium batteries according to your voltage, current cells and case requirements.

We are manufacturer which only provide lithium batteries which are safer, cheaper, lighter and environment- friendly compared with the lead acid batteries, we are taking new strategies to realize the full potential of evolving eMobility market.

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