Vishal Gupta13 Feb, 2025Technology
The global electric all-terrain vehicle (ATV) and utility-terrain vehicle (UTV) market size was valued at USD 1.35 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 2.24 Billion by 2033, exhibiting a CAGR of 5.40% from 2025-2033. North America currently dominates the market. The implementation of strict emissions guidelines and increasing government incentives for adopting electric vehicles (EVs) are encouraging a shift toward electric ATVs and UTVs in the North American region.
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