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Stock impact report

North America Low Speed Electric Vehicle Market is Poised to Surpass Valuation of USD 2,549.0 Million by 2032: Astute Analytica [Yahoo! Finance]

AYRO, Inc. (AYRO) 
Company Research Source: Yahoo! Finance
A few major players dominate, yet opportunities exist for niche brands. LSEVs offer cost-effective, eco-friendly transportation, with a shift towards lithium-ion batteries for improved range and performance. New Delhi, April 29, 2024 (GLOBE NEWSWIRE) -- According to Astute Analytica, the North America low speed electric vehicle market is projected to attain a market size of US$ 2,549.0 million by 2032 from US$ 794.5 million in 2023 at a CAGR of 13.83% during the forecast period 2024–2032. The North American LSEV market is experiencing steady growth, finding a unique space in planned communities, resorts, educational campuses, and urban areas. These electric vehicles fill a need for localized, convenient transportation where their speed restrictions are less of a concern. Key players like Polaris, Textron, and Club Car offer a diverse range of LSEVs, with a growing shift from lead-acid to lithium-ion batteries for improved range and efficiency. Wherein, California, Florida, and Ari Show less Read more
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