With the proposal of Energy Saving and Environmental Protection Economy, the electric vehicle market has gradually entered the explosive stage after a period of development, and with the rapid development of electric vehicles, it has also driven the development of low-speed electric vehicles.
Low-speed electric vehicles (Low Speed Electric Vehicles) generally refer to vehicles with low driving speed, short cruising range, and safety technical performance. In the 2021 version of "Technical Conditions for Pure Electric Passenger Vehicles" (draft for comments), the four-wheel low-speed electric vehicle was renamed "miniature low-speed pure electric passenger vehicle".
In 2021, the global low-speed electric vehicle market sales will reach 7.1 billion US dollars, and it is expected to reach 14.9 billion US dollars in 2028, with a compound annual growth rate (CAGR) of 11.0% (2022-2028). At the regional level, the Chinese market has undergone rapid changes in the past few years.
The reason why low-speed electric vehicles can develop is because there is demand in the market! The purchase cost is low, the operation is simple, it can be charged at home, environmental protection etc. It is suitable for many families for short-distance travel, grocery shopping, picking up and dropping off children to and from school, etc. Now drivers are not only old people, but also many middle-aged people and teenagers, etc.,
In order to maximize the functionality of the vehicle, the Runhorse low-speed electric vehicle, in addition to the passenger version, has also developed a commercial version. This type of vehicle can fully meet the transportation needs in the city, such as takeaway delivery, express delivery, Logistics transportation, cold chain transportation, etc. At present, it has been exported to nearly 20 countries in Europe, got very good feedback.
Low-speed electric vehicles represent another direction for the development of electric vehicles. Low prices and low speeds allow more people to use electric vehicles and enjoy the dividends brought about by technological development. This not only drives industrial development, but also meets the needs of the people for travel. It can also improve people's sense of happiness and convenience.