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The Low Speed Electric Vehicle (LSEV) market is a segment of the commercial vehicle industry that focuses on the production of electric vehicles with a maximum speed of 25 mph. These vehicles are typically used for short-distance transportation, such as in urban areas, and are often used for last-mile delivery services. LSEV vehicles are typically smaller than traditional commercial vehicles, and are powered by electric motors, batteries, and other components.
The LSEV market has seen a steady growth in recent years, driven by increasing demand for sustainable transportation solutions and the need for efficient last-mile delivery services. The market is also driven by government incentives and regulations that promote the adoption of electric vehicles.
Notable companies in the LSEV market include BYD, Geely, Kandi Technologies, and Zotye Auto. Show Less Read more
