Low Speed Electric Vehicle Market – Global Industry Analysis and Forecast (2024-2030)

Krajput05 Dec, 2024News

Government restrictions and guidelines governing vehicle emissions are strict – An internal combustion engine is used to generate power in a traditional gas-powered vehicle. In an ideal scenario, the combustion system completely burns the fuel and produces just carbon dioxide and water as waste. In reality, the combustion system produces a variety of greenhouse gases, resulting in pollution. An electric car, on the other hand, employs an electric motor that is driven by a constant source of electricity and hence does not emit any pollutants. The United States, Germany, France, and China have enacted strict government laws and regulations regarding car emissions, requiring automakers to utilize innovative technologies to battle high-emission levels in vehicles. The California Air Resources Board (CARB) has created a program that contains rules for manufacturers to produce and supply zero-emission vehicles (ZEVs), which will significantly increase the adoption of electric vehicles.