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The Electric Utility Vehicle (EUV) market is a subset of the commercial vehicle market, focusing on vehicles that are powered by electricity. EUVs are typically used for a variety of purposes, including transportation, construction, and agriculture. They are often used in areas where traditional fuel-powered vehicles are not suitable, such as in areas with limited access to fuel or in areas with strict environmental regulations. EUVs are becoming increasingly popular due to their low operating costs, low emissions, and their ability to be used in a variety of applications.
EUVs are typically designed to be lightweight and efficient, and they often feature advanced technologies such as regenerative braking and advanced battery management systems. They are also often equipped with safety features such as airbags, seatbelts, and anti-lock brakes.
Some of the companies in the EUV market include Tesla, BYD, Proterra, and Workhorse. Show Less Read more