Light Electric Vehicles

Low Speed/Neighborhood EVs, Electric Motorcycles, and Electric Scooters: Global Market Analysis and Forecasts

Various light EV (LEV) technologies are emerging to address the congestion, poor air quality, and lack of mobility options negatively affecting transportation markets around the world. LEVs offer the ability to improve personal mobility while simultaneously reducing pollution from the transportation sector—attributes desired by government authorities and citizens alike. In contrast to private cars, LEVs occupy much less physical space, contributing less to traffic congestion and providing more flexibility in where they can travel and be parked. Additionally, these vehicles are generally more affordable than full-sized vehicles.

Increasing urbanization and a desire to move away from full-sized cars for motorized transportation are opening up opportunities for LEVs, including low speed EVs (LSEVs) and electric-powered two-wheel (e-PTW) vehicles. In China, LSEV sales are exploding, as more consumers are demanding low cost, fully enclosed, four-wheel vehicles that offer cargo hauling advantages over two-wheelers. Additionally, campus-type atmospheres such as colleges or universities, retirement communities, military bases, airports, corporate campuses, and manufacturing facilities are increasingly utilizing LSEVs (particularly in North America) due to their low costs, convenience, and lack of emissions. According to Navigant Research, global LEV sales are expected to generate $9.3 billion in revenue in 2017 and more than double to a $23.9 billion market by 2026.

This Navigant Research report analyzes the global market for LEVs, with a focus on LSEVs, also referred to as neighborhood EVs (NEVs), and e-PTW vehicles such as electric motorcycles (e-motorcycles) and electric scooters (e-scooters). The study provides a detailed analysis of the market opportunities, key market drivers and challenges, and technology trends associated with LEVs. Global market forecasts extend through 2026 and are segmented by technology, region, and three peak motor output categories. The report also provides profiles of key LEV manufacturers and suppliers and analyzes the use of LEVs by private consumers and fleets in mobility, commercial, and recreational applications.

Key Questions Addressed:
  • How much revenue will be generated by light EVs (LEVs) during the next 10 years?
  • How many LEVs will be sold over the next 10 years (segmented by region, technology, and three peak motor output levels)?
  • What are the key regional trends shaping the market for LEVs?
  • How do city and national policies influence the global LEV market?
  • Which companies are the key suppliers, manufacturers, and service providers in the LEV market?
  • Which LEV technologies offer the most opportunities for growth?
Who needs this report?
  • Light EV (LEV) OEMs and suppliers
  • LEV retailers and distributors
  • Electric motor manufacturers
  • Battery manufacturers
  • Automotive manufacturers
  • Government agencies and municipal planners
  • Investor community

Table of Contents

1. Executive Summary

1.1    Leading the Way toward Transport Electrification

1.2    Market Issues

1.3    Market Forecasts

2. Market Issues

2.1    Scope of Report

2.2    Technology Definitions

2.2.1   LSEVs

2.2.2   E-PTWs

2.3    LEV Market Updates and Trends

2.3.1   LSEVs

2.3.1.1    China

2.3.2   E-Motorcycles

2.3.3   E-Scooters

2.4    LEV Applications

2.4.1   LEVs for Personal Mobility

2.4.2   LEVs in Shared Mobility

2.4.3   LEVs in Automated Mobility Services

2.4.4   LEVs in Commercial Uses and Services

2.4.5   LEVs in Recreation

2.5    Market Drivers

2.6    Market Challenges

3. Company Profiles

3.1    E-PTW Manufacturers

3.1.1   BMW Motorrad

3.1.2   Gogoro

3.1.3   GOVECS

3.1.4   iO Power Roller

3.1.5   Lit Motors

3.1.6   Mahindra GenZe

3.1.7   Piaggio Group (Vespa)

3.1.8   SunRa

3.1.9   Terra Motors

3.1.10   Vmoto Ltd.

3.1.11   Yadea Technology Group

3.1.12   Yamaha Motor Co., Ltd

3.1.13   Zero Motorcycles

3.2    LSEV Players

3.2.1   Alphabet, Inc. (Waymo)

3.2.2   Auro Robotics

3.2.3   Ingersoll Rand (Club Car)

3.2.4   Polaris (Global Electric Motorcars)

3.2.5   Renault

3.2.6   Shifeng Group

3.2.7   Textron Inc. (E-Z-GO)

3.3    Component Suppliers

3.3.1   Bosch

3.3.2   East Penn Manufacturing

3.3.3   Sevcon

3.3.4   Trojan Battery Company

3.3.5   Tianneng Power International

4. Market Forecasts

4.1    Key Assumptions

4.2    Global LEV Unit Sales

4.3    LEV Revenue

4.4    LEV Sales by Peak Motor Output

4.5    Conclusions and Recommendations

5. Acronym and Abbreviation List
6. Table of Contents
7.
Table of Charts and Figures
8.
Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Annual LEV Sales by Region, World Markets: 2017-2026
  • Annual LEV Sales by Technology, World Markets: 2017-2026
  • Annual LEV Revenue by Region, World Markets: 2017-2026
  • Annual LEV Revenue by Technology, World Markets: 2017-2026
  • Annual LEV Sales Segmented by Peak Motor Output, World Markets: 2017-2026
  • Annual LSEV Sales Segmented by Peak Motor Output, World Markets: 2017-2026
  • Annual E-Motorcycle Sales Segmented by Peak Motor Output, World Markets: 2017-2026
  • Annual E-Scooter Sales Segmented by Peak Motor Output, World Markets: 2017-2026
  • LSEV Example (Renault Twizy Quadricycle)
  • E-Motorcycle Example (Zero Motorcycles)
  • E-Scooter Example (Mahindra GenZe)
  • Lit Motors C-1 Concept
  • Vespa Elettrica Concept
  • Waymo Prototype Low Speed Self-Driving EV

List of Tables

  • E-Motorcycle and ICE Motorcycle Total Cost of Ownership Comparison
  • Chinese and North American E-Scooter Total Cost of Ownership Comparison
  • Climate Action Plans of Selected Cities
  • Annual LEV Sales by Region, World Markets: 2017-2026
  • Annual LEV Revenue by Region, World Markets: 2017-2026
  • Annual LEV Sales by Technology, North America: 2017-2026
  • Annual LEV Sales by Technology, Europe: 2017-2026
  • Annual LEV Sales by Technology, Asia Pacific: 2017-2026
  • Annual LEV Sales by Technology, Latin America: 2017-2026
  • Annual LEV Sales by Technology, Middle East & Africa: 2017-2026
  • Annual LEV Sales by Technology, World Markets: 2017-2026
  • Annual LEV Revenue by Technology, North America: 2017-2026
  • Annual LEV Revenue by Technology, Europe: 2017-2026
  • Annual LEV Revenue by Technology, Asia Pacific: 2017-2026
  • Annual LEV Revenue by Technology, Latin America: 2017-2026
  • Annual LEV Revenue by Technology, Middle East & Africa: 2017-2026
  • Annual LEV Revenue by Technology, World Markets: 2017-2026
  • Annual LEV Sales Segmented by Technology and Peak Motor Output, North America: 2017-2026
  • Annual LEV Sales Segmented by Technology and Peak Motor Output, Europe: 2017-2026
  • Annual LEV Sales Segmented by Technology and Peak Motor Output, Asia Pacific: 2017-2026
  • Annual LEV Sales Segmented by Technology and Peak Motor Output, Latin America: 2017-2026
  • Annual LEV Sales Segmented by Technology and Peak Motor Output, Middle East & Africa: 2017-2026
  • Annual LEV Sales Segmented by Technology and Peak Motor Output, World Markets: 2017-2026

{"userID":"","pageName":"Light Electric Vehicles","path":"\/research\/light-electric-vehicles","date":"5\/27\/2017"}