Global Neighborhood Electric Vehicle (NEV) Market Growth 2025-2031

Global Neighborhood Electric Vehicle (NEV) Market Growth 2025-2031

The global Neighborhood Electric Vehicle (NEV) market size is predicted to grow from US$ 3291 million in 2025 to US$ 4839 million in 2031; it is expected to grow at a CAGR of 6.6% from 2025 to 2031.

A Neighborhood Electric Vehicle (NEV) is a legal class of 4-wheel electric vehicles that have a maximum capable speed typically around 25 mph (40 km/h), and have a maximum loaded weight of 3,000 lb (1,400 kg).

China is the dominant market in the global Neighborhood Electric Vehicle (NEV) production market.The Key players operating into global Neighborhood Electric Vehicle (NEV) Market are Byvin Corporation, Renault, Yogomo, Ingersoll Rand, Textron, Shifeng, Polaris, Yamaha, Lichi, Yika, Xinyuzhou, Shenzhen Marshell Green Power, Eagle and etc.

LP Information, Inc. (LPI) ' newest research report, the “Neighborhood Electric Vehicle (NEV) Industry Forecast” looks at past sales and reviews total world Neighborhood Electric Vehicle (NEV) sales in 2024, providing a comprehensive analysis by region and market sector of projected Neighborhood Electric Vehicle (NEV) sales for 2025 through 2031. With Neighborhood Electric Vehicle (NEV) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Neighborhood Electric Vehicle (NEV) industry.

This Insight Report provides a comprehensive analysis of the global Neighborhood Electric Vehicle (NEV) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Neighborhood Electric Vehicle (NEV) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Neighborhood Electric Vehicle (NEV) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Neighborhood Electric Vehicle (NEV) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Neighborhood Electric Vehicle (NEV).

This report presents a comprehensive overview, market shares, and growth opportunities of Neighborhood Electric Vehicle (NEV) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Electric Power NEV
Gas Power NEV

Segmentation by Application:
Personal Use
Public Utilities
Golf Cart
Sightseeing Cars

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Byvin Corporation
Renault
Yogomo
Ingersoll Rand
Textron
Shifeng
Polaris
Yamaha
Lichi
Yika
Xinyuzhou
Shenzhen Marshell Green Power
Eagle

Key Questions Addressed in this Report

What is the 10-year outlook for the global Neighborhood Electric Vehicle (NEV) market?

What factors are driving Neighborhood Electric Vehicle (NEV) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Neighborhood Electric Vehicle (NEV) market opportunities vary by end market size?

How does Neighborhood Electric Vehicle (NEV) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.