Golf Cart and Neighborhood Electric Vehicle (NEV) Market Report 2026

The golf cart and neighborhood electric vehicle (nev) market size has grown strongly in recent years. It will grow from $5.07 billion in 2025 to $5.5 billion in 2026 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to urban mobility needs, demand for low speed transport, golf course vehicle usage, community transport requirements, cost effective mobility solutions.

The golf cart and neighborhood electric vehicle (nev) market size is expected to see strong growth in the next few years. It will grow to $7.82 billion in 2030 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to smart city development, emission reduction mandates, growth of residential townships, expansion of last mile mobility, advancements in electric drivetrains. Major trends in the forecast period include rising adoption of neighborhood electric vehicles, expansion of low speed urban mobility solutions, increasing use in gated and smart communities, growing demand for utility and personal nevs, integration of connected vehicle features.

The growing government initiatives to promote zero-emission vehicles are expected to drive the growth of the golf cart and neighborhood electric vehicle (NEV) market in the coming years. Zero-emission vehicles are modes of transport that produce no harmful emissions during operation. Developed countries, such as the United Kingdom, are implementing measures to reduce CO2 emissions and encourage the adoption of zero-emission vehicles. For instance, in June 2025, the UK Department for Transport reported that 410,000 zero-emission vehicles were registered for the first time in 2024, a 20% increase from 2023. Of these, 382,000 were zero-emission cars, marking a 22% rise over 2023 and representing 19% of all new car registrations. The total number of licensed zero-emission vehicles on UK roads reached 1,394,000, accounting for 3.4% of all vehicles. Therefore, government initiatives to adopt zero-emission vehicles are boosting the golf cart and NEV market.

Key companies in the golf cart and NEV market are focusing on technological innovations in personal mobility, such as hanging foot pedals, to provide a comfortable and intuitive driving experience similar to traditional automobiles. Hanging foot pedals are suspended pedals designed to allow drivers to rest their feet naturally while operating the vehicle with ease. For example, in January 2023, Textron Inc., a US-based manufacturer of golf cars and personal vehicles, redesigned its RXV golf carts with new technologies to enhance on-course experience. Innovations such as hanging foot pedals, along with a larger bagwell to accommodate modern golf bags, improved usability. Additionally, golfers can access pace technology services at participating courses, including course maps, yardage data, weather updates, and the ability to order food and beverages directly from the golf cart.

In December 2024, Cart Mart Inc., a US-based golf cart manufacturer, acquired Rainbow Custom Cars for an undisclosed amount. This acquisition aims to expand Cart Mart’s presence in Southern California, increase production capacity, and strengthen service and sales across Los Angeles, Orange, Riverside, and San Bernardino counties. Rainbow Custom Cars, based in the US, provides sales, service, rentals, and parts for golf cars and utility vehicles and specializes in custom-built golf carts for industrial, recreational, and low-speed applications.

Major companies operating in the golf cart and neighborhood electric vehicle (nev) market report include Bradshaw Electric Vehicles, Dongfeng Electric Vehicles Co. Ltd., Textron Inc., DY Corporation, Yamaha Golf-Car Company, Polaris Inc., Volmac Electric Vehicles LLP, Marshell Green Power Co. Ltd., Club Car LLC, Bintelli Electric Vehicles, Columbia ParCar Corp., SpeedwaysElectric, Dongguan Excellence Golf and Sightseeing Car Co. Ltd., Zhuhai E-Way Electric Industries Co. Ltd., Autopower, Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., JH Global Services Inc., Garia Inc., Xiamen Dalle New Energy Automobile Co. Ltd., Guangdong Lvtong New Energy Electric Vehicle Technology Co. Ltd., American Custom Golf Cars Inc., Tomberlin, STAR EV Corporation, E-Ride Industries, Moto Electric Vehicles, Waev Inc., Goupil, Melex Sp. z o.o., ACG Inc.

Asia-Pacific was the largest region in the golf cart and neighborhood electric vehicle market in 2025. The regions covered in the golf cart and neighborhood electric vehicle (nev) market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the golf cart and neighborhood electric vehicle (nev) market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The golf cart and neighborhood electric vehicle (NEV) market consists of sales of diesel carts, push carts, pull carts, remote-controlled golf carts, and neighborhood electric vehicles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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