Report Highlights
This report provides an analysis of the global market for neighborhood electric vehicles (NEVs) by battery type, end user and region. It highlights significant driving trends and challenges that affect the global market and its vendor landscape. The report concludes with a competitive landscape and company profiles of the leading global players.
Report Includes
- In-depth analysis of the global markets for neighborhood electric vehicles (NEVs) also known as low-speed vehicles (LSVs)
- Analyses of the global market trends, with revenue data for 2024, estimates for 2025, forecasts for 2028 and 2029, and projected CAGRs through 2030
- Estimates of the market size and revenue growth prospects, accompanied by a market share analysis by battery type, end-user and region
- Facts and figures pertaining to market dynamics, technological advances, regulations, prospects, and the impact of various region- and industry-specific macroeconomic variables
- Insights derived from Porter’s Five Forces analyses
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, as well as the ESG risk ratings and practices of leading companies
- Patent review, featuring key granted and published patents
- Analysis of the industry structure, including companies’ market shares and rankings, strategic initiatives, M&A activity and a venture funding outlook
- Profiles of the leading companies
Report Scope
The global neighborhood electric vehicle (NEV) market is segmented by battery type and end-user segments. In this report, we have covered market analysis for the leading countries, such as the U.S., Canada, China, Japan, Germany, France and the U.K., where the opportunity for NEVs is gaining momentum in the global market. The regional analysis of NEVs covers North America; Europe; Asia-Pacific; and the Rest of the World, which includes South America, the Middle East and Africa (MEA).
The study also covers leading companies with company overviews, financial information, product types and key developments. The report includes patent analysis, regulations and a competitive landscape, which enables the reader to understand the competitive environment more precisely.
The report is prepared in an easy-to-understand format; tables and figures are included to illustrate historical, current and future market scenarios. The base year is 2024, while 2025 is an estimated year, and the market values are forecasted for five years through 2030. Market values are in $ million.
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2024 | ||||||||||
| Forecast period considered | 2025-2030 | ||||||||||
| Base year market size | $4.0 Billion | ||||||||||
| Market size forecast | $7.4 Billion | ||||||||||
| Growth rate | CAGR of 11.4% from 2025 to 2030 | ||||||||||
| Units considered | $ Millions | ||||||||||
| Segments covered | By Battery Type, End User and Region | ||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and the Rest of the World [South America, the Middle East and Africa (MEA)] | ||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increasing global sales of battery electric vehicles (BEV).
- Falling lithium-ion battery prices are facilitating increased BEV deployment.
- Rising petroleum prices drive the shift of consumers toward EVs.
- Inadequate EV charging infrastructure in developing countries.
- Safety concerns about the transportation and storage of used LIBs.
- Government support for battery research and development.
- Rapid advances in battery technologies.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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