Apropos of National Golf Cart Day, the folks at Evolution Electric have some thoughts on the future of the market. “As the world increasingly leans towards sustainable and convenient modes of transportation, the golf cart market has seen a remarkable evolution,” states the company’s FOREcast. They note market shifts and advancements in the Low Speed Vehicle (LSV) and Neighborhood Electric Vehicle (NEV) segments — where Evolution Electric Vehicles made a significant impact with the debut of their D5 Series models: the D5 Ranger 2+2 and Maverick 2+2.
“Amidst this growth, consumers are met with a plethora of choices, ranging from emerging brands offering seemingly attractive deals to established manufacturers known for their reliability and innovation. The golf cart industry has been on an upward trajectory, with 2023 marking a year of significant advancements and growth. The shift towards electric and other clean energy carts underscores a collective move towards environmental stewardship and efficiency.
However, this growth is not without its challenges, including the competitive pressure that could potentially push some players out of the market by 2025. Issues such as supply chain inefficiencies, legal challenges, and the quest for street legality have become critical considerations for manufacturers…
Tee up the full story here:
https://evolutionelectricvehicle.com/navigating-the-future-of-golf-carts
