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The Electric Light Vehicle (ELV) market is a subset of the larger Electric and Hybrid Vehicle (EHV) market. ELVs are typically smaller, lighter vehicles that are powered by electric motors and batteries. They are designed for urban and suburban use, and are often used as a form of personal transportation. ELVs are typically more affordable than other EHV models, making them attractive to consumers. They are also more efficient than traditional gasoline-powered vehicles, and produce fewer emissions.
ELVs are becoming increasingly popular as a form of transportation, due to their convenience, affordability, and environmental benefits. They are also becoming more widely available, with many manufacturers now offering ELV models.
Some of the companies in the ELV market include Tesla, Nissan, BMW, Volkswagen, and Ford. Show Less Read more