Global Low Speed Vehicle Market Grow at a CAGR of 6.3% and Will Reach USD 5.67 Billion by 2025, from USD 3.7 Billion in 2018
A low-speed vehicle (LSV) is a legal class of 4-wheel vehicles that have a maximum capable speed typically around 25 mph (40 km/h), and have a minimum capable speed (typically 20 mph (32 km/h)) that allows them to travel on public roads not accessible to all golf carts or neighborhood electric vehicles (NEV).
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