Global Micro Electric Vehicle Market To Grow Substantially Through 2018


Because we at InsideEVs try our best to keep an eye an all segments of electric vehicles, we present this forward-looking forecast on micro electric vehicles (think Renault Twizy, or golf carts even):

Micro electric vehicles are driven by electric battery propulsion with a power rating of 4-10 KWh and are generally two to four-seater vehicles. This class of vehicles was earlier considered to belong to the category of electric vehicles, but as a result of the increased demand for this product and rapid growth of the market, they now form a separate market category.

TechNavio’s analysts forecast the Global Micro Electric Vehicles market will grow at a CAGR of 14.91 percent over the period 2013-2018.

The Global Micro Electric Vehicles market can be divided into three segments: Quadricycles, Golf Carts, and Mobility Vehicles for the Disabled. To calculate the market size, the report considers the revenue generated from the combined sales of all three segments. . In addition, the report discusses the major drivers that influence the growth of the Global Micro Electric Vehicles market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

TechNavio’s report, the Global Micro Electric Vehicles Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Micro Electric Vehicles market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

– Americas

Key Vendors

– Ingersoll Rand plc
– Polaris Industries Inc.
– Textron Inc.
– Yamaha Motor Corp.

Other Prominent Vendors

– Canadian Electric Vehicles Ltd.
– Chongqing Huansong Industries (Group) Co. Ltd.
– Columbia ParCar
– E-Ride Industries
– Italcar
– Pride Mobility Products Corp.
– Shenzhen Marshell Green Power Co. Ltd.
– Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
– Tomberlin Automotive Group
– Zhejiang Ruifeng (R & P) Industry Group

Key Market Driver

– Increase in Government Subsidies and Incentives

Category: General

25 responses to "Global Micro Electric Vehicle Market To Grow Substantially Through 2018"
  1. Warren says:

    Yeay, but can they survive being T-boned by ab SUV? Got to be quick to be first to get this in. 🙂

    1. Warren says:

      No time to check for typos.

    2. EVer says:

      Ever heard of the Smart Car? Designed by Mercedes?

  2. Lensman says:

    From “quadricycle

    a vehicle similar to the bicycle and tricycle but having four wheels.”

    * * * * *

    From Wikipedia: “Quadricycles are European categories of four-wheeled microcars defined by limitations in terms of weight, power and speed. Two categories are defined; knowingly light quadricycles (L6e), and heavy quadricycles (L7e).”

    It’s telling that the actual title of the Wiki article is “motorized quadricycle”.

    If they mean NEV (Neighborhood Electric Vehicle), then they should say so.

    1. Anon says:

      NEV’s are a distinctly American EV classification, and as such, are not globally recognized– unlike the quadricycle designation.

      1. Lensman says:

        Using the term “quadricycle” to mean a NEV is a distinctly European motorized vehicle designation, and as such, is not globally recognized — unlike the “NEV” designation.

          1. Lensman says:

            Anon, I see you failed to get the point of my last post. You probably won’t get this one, either:


            — read —

            1. Anon says:


    2. Warren says:

      The Europeans have different categories. The light quadricycle has a 28 mph speed limit. The heavy quadricycle has no such limit. The Twizy is made in both versions. Only one has managed to get past the safety nazis into the US, as far as I know. A french guy brought his with him to Florida.

      1. Anon says:

        Must be from the South of France; he’s wearing a cowboy hat. 😉

        1. Carsten says:

          Being from Eastern Germany myself, this numberplate is from the town/county of Parchim (CH) in Germany. Sorry, no Frenchman.

          1. Warren says:

            Right you are. Uwe Renner does sound German.


  3. Anon says:

    Someone really needs to make these micro EV’s less fugly.

    1. EVer says:

      Ever heard of the micro car called the Smart Car?


      Smart’s have a very nice clean design and look awesome

      1. Anon says:

        Jason did a nice job on the Smart…

  4. Warren says:

    I live in the rural south. Lots of guys around here drive hotrods with antique plates. They drive less than a hundred miles at a time, cruising around at 45-55 mph, looking cool. These cars typically weigh no more than a ton. They often have no top, no fenders, and certainly no airbags, or crush areas. They fly Don’t Tread On Me flags, and think environmentalists are wusses. But they would be fine with Twizys.

  5. Steve S. says:

    “Micro electric vehicles are driven by electric battery propulsion with a power rating of 4-10 KWh …”

    I hate to be nit-picky, but KWh is a unit of energy, not power.

    1. Lensman says:

      You would hope that a firm like TechNavio, which has “Tech” right in its name, would have a better understanding of tech terminology, wouldn’t you?

    2. Mikael says:

      I hate to be nit-picky too but KWh is not even some kind of valid unit, kWh on the other hand… 😉

      1. Ambulator says:

        What’s wrong with kelvin watt hours as a unit? I mean, besides its lack of utility.

  6. Thomas J. Thias says:

    There is a surge of product from the joint venture kown as The Renault/Nissan Alliance.

    Headed up by well known Industrialist Carlos Ghosn.

    You will remember him from the Chris Paine documentary, “Revenge Of The Electric Car”

    This tiny 2 passenger Electric Fueled Vehicle is known as the Twizy. Recently, Nissan has released its own version of the platform and calls it the “New Mobility Concept” for release in Japan.

    A best look at the platform is to view postings on this Twitter Hash Tag Wall. Enjoy!

    Link Goes To big information feed About The Twizy Platform On twitter. No subscription Needed To View-


    Thomsa J. Thias



  7. Lensman says:

    “TechNavio’s report, the Global Micro Electric Vehicles Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts”

    …and then we tossed all of that in the trash bin, pulled some numbers out of a hat, and came up with 14.91 percent.

  8. Red HHR. says:

    Big market for off road quads, or 4-wheelers here in the USA. Polaris sees this market, I think.

  9. Ken_3 says:

    I wonder if my wife’s handicap scooter falls in the specs for this group? If so, as the baby boomers continue to age everyone will be driving a micro electric vehicle.