Light Electric Vehicles Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

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Light Electric Vehicles Global Market Report 2024
Market Size, Trends and Global Forecast 2024-2033
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Light Electric Vehicles Market Segments
The Business Research Company segments its Light
Electric Vehicles market report as
Hybrid Electric Vehicle (HEV), Plug-in Hybrid
Electric Vehicle (PHEV), Battery Electric Vehicle
(BEV)
By Product
By Component Type
Battery Pack, Electric motor, Motor controller,
Inverters, Power controller, E-brakes controller,
Power electronics
By Power Output
Less than 6kW, 6-9 Kw, 9-15 Kw
By Industry
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Market Statistics
The light electric vehicles market size has grown
strongly in recent years. It will grow from
77.82 billion in 2023 to 85.55 billion in 2024
at a compound annual growth rate (CAGR) of 9.9.
The light electric vehicles market size is
expected to see strong growth in the next few
years. It will grow to 124.17 billion in 2028 at
a compound annual growth rate (CAGR) of 9.8.
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Key Market Drivers And Trends
Drivers
The rising demand for e-motorcycles is expected
to boost the growth of the light electric vehicle
market going forward.
Trends
Increasing government initiatives and subsidies
are expected to propel the growth of the light
electric vehicle market going forward.
Region
Asia-Pacific was the largest region in the
control valve market. The regions covered in the
global control valve market report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East and
Africa.
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Key Market Players

• Major players in the Light Electric Vehicles
  market are
• Stellantis N.V.
• General Motors Company
• Bayerische Motoren Werke AG
• Giant Manufacturing Co Ltd.
• Tesla, Inc.
• And more.

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