These players have worked on providing offerings for the electric utility vehicle ecosystem. The electric utility vehicle market is dominated by established players such as Polaris (US), Club Car (US), Toyota Industries Corporation (Japan), John Deere (US), and Textron (US), among others. This will create a shift in demand for electric ATVs and UTVs in the coming years.
Technological breakthroughs in EV batteries and other EV technologies have made it possible to have high-power engines in electric ATVs and UTVs for off-roading (comparable to their ICE counterparts). With the rapid setup of charging stations worldwide, demand for low-speed vehicles such as electric utility and shuttle carts has also increased. 08, 2022 (GLOBE NEWSWIRE) - announces the release of the report "Electric Utility Vehicle Market by Vehicle Type, Application, Battery Type, Drive Type, Propulsion, Seating Capacity Region - Global Forecast to 2027".
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