The Latin America, Middle East and Africa Light Electric Vehicles Market would witness market growth of 12.4% CAGR during the forecast period (2022-2028).
In the preliminary design phase, two primary factors influence the weight estimation. The first section is the design objective. This vehicle design is intended for drivers indulging in leisure activities, therefore performance will be more vital, but safety will also be important; any design element that touches the target must be compromised, including weight. One of the design objectives is to eliminate some mass to improve the acceleration performance of the motor.
Priority number two is the system design objective. In the process of creating the final product, we cannot guarantee that each component can be independently manufactured. To establish a balance between production cost and time, the control of the maximum weight of the production parts is the autonomy of the fulfillable goal, and dependable suppliers will deliver components that compromise production cost and time.
The Dubai Electricity and Water Authority (DEWA) has created a website called the Dubai EV Community Hub to encourage the usage of electric cars (EVs) in Dubai. This is a component of DEWA's activities to promote environmentally friendly transportation and boost Dubai's position as a global center for sustainable development. The EV Community Hub website provides details on the most recent government programs, goals, incentives, and legislation about electric vehicles.
The Brazil market dominated the LAMEA Light Electric Vehicles Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,419.7 million by 2028. The Argentina market is experiencing a CAGR of 13% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 12.1% during (2022 - 2028).
Based on Vehicle Category, the market is segmented into 2-wheelers, 3-wheelers, and 4-wheelers. Based on Vehicle Type, the market is segmented into e-scooter, e-ATV/UTV, Neighborhood Electric Vehicle, e-bike & Motorcycle, e-lawn Mower, Autonomous Forklifts, Delivery Robots & Electric Industrial Vehicle, and Others. Based on Component Type, the market is segmented into Battery Pack, Electric Motor, Motor Controller & Power Controller, Inverters, and e-brake Booster & Power Electronics. Based on Application, the market is segmented into Personal Mobility, Shared Mobility, Recreation & Sports, and Commercial. Based on Power Output, the market is segmented into Less than 6 kW, 6-9 kW, and 9-15 kW. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Light Electric Vehicles Market is Predict to reach $130.4 Billion by 2028, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tesla, Inc., BMW Group, Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.), Godrej Group (Godrej Material Handling), Kion Group, Yamaha Motor Co., Ltd., Textron, Inc., Polaris, Inc., BYD Company Ltd., and Toyota Industries Corporation.
By Vehicle Category
By Vehicle Type
By Component Type
By Application
By Power Output
By Country
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