Golf Carts and Neighborhood Electric Vehicle Market

A golf cart is a small vehicle designed for carrying golfers and their equipment around a golf course. Golf carts are typically powered by electric motors and can be used for transportation within a golf course or residential community. A neighborhood electric vehicle (NEV) is a small electric vehicle that is designed for use on public roads, usually at speeds of no more than 35 miles per hour. NEVs are often used for short trips within a neighborhood or community.

The Global Golf Carts And Neighborhood Electric Vehicle Market size was estimated at USD Million in 2018 and expected to reach USD **Million in 2018, at a Compound Annual Growth Rate  CAGR  **% to reach USD **Million by 2031.

Lithium-ion batteries have become the battery of choice for golf carts and NEVs due to their high energy density and long lifespan. They are also more environmentally friendly than lead-acid batteries, as they do not contain heavy metals. NEVs are being used for a variety of commercial purposes, such as shuttle services and delivery vehicles. This trend is expected to continue as more businesses look for ways to reduce their carbon footprint. The demand for golf carts and NEVs as rental vehicles has increased, particularly in tourist areas. This trend is expected to continue as more people look for environmentally friendly transportation options while on vacation.

Some of the Major key Players are  Byvin Corporation, Renault, Yogomo, Ingersoll Rand, Textron, Shifeng, Polaris, Yamaha, Lichi, Yika, Xinyuzhou, Shenzhen Marshell Green Power, Eagle etc…