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Low Speed Vehicle Market

Growing Demand for Efficient Urban Mobility to Propel Growth of the Low Speed Vehicle Market

The low speed vehicle market is estimated to witness high growth owing to rapid urbanization and need for last-mile connectivity solutions. Low speed vehicles are electric vehicles with maximum speed of 25 miles per hour and are designed for transporting people or small payloads within urban environments. These vehicles provide economical and eco-friendly urban mobility options compared to conventional alternatives. Some benefits of low speed vehicles include low maintenance costs, zero direct e


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