Today, the LEV industry is dominated by large bicycle companies, due to their access to distribution. We explain why, in the future, these companies will face major competition from, and may be pushed aside by car, motorcycle, and car parts companies. Supply chains for motors, batteries, chassis parts, and nearly every LEV component exist in Asia, primarily in China, Taiwan, Japan, and newly emerging South Korea. We reveal where the highest profits will be obtained in future and the opportunities in components as these change with lithium-ion batteries of several generations and supercapacitors being increasingly employed, for example. The more demanding future technical requirements of users and standards are investigated.Adjoining sectors are also discussed such as heavy electric motorcycles and the bigger sector of mobility vehicles for the disabled, where ten year forecasts are presented. New crossover vehicles between LEVs and these sectors are presented.
Light Electric Vehicles 2012-2022: Forecasts, Players, Opportunities
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