Electric Utility Vehicle Market worth $23.9 billion by 2027 - Exclusive Report by MarketsandMarkets™
Retrieved on:
Wednesday, October 19, 2022
Knowledge, ATV, Traction, Growth, Agriculture, UTV, Golf cart, Club Car, Intelligence, Carbon, Research, AWD, Region, ICE, Industry, EV, Recreation, Nature, GEM, Tourism, 4WD, Maintenance, WAEV, Forestry, Carryall, All-terrain vehicle, Sport, SME, Oracle Enterprise Resource Planning Cloud, Transport, Rail transport, Marketing, Gasoline, Volcom, Polaris, Drive, EU, Type, EVX
Electric all-terrain vehicles (ATVs), utility task vehicles (UTVs), utility carts, shuttle carts, and industrial utility vehicles are gradually replacing their ICE counterparts.
Key Points:
- Electric all-terrain vehicles (ATVs), utility task vehicles (UTVs), utility carts, shuttle carts, and industrial utility vehicles are gradually replacing their ICE counterparts.
- Likewise, the rapid setup of charging stations across semi-public places has increased the feasibility of electric shuttles and utility carts.
- 4WD electric utility vehicles are preferred for utility activities such as recreation, farming, and industrial applications, which require efficient pulling power, carrying, and towing capacity.
- The increased use of electric shuttle and utility carts in hotels and resorts and growth in tourism and industrial sectors are expected to drive the European Electric Utility Vehicle Market.