Golf Cart and NEV Market to Exhibit Moderate Growth with Interest in Golf as Well as EVs Picking Up
Interest in vehicles powered by energy sources other than gasoline and diesel has spiraled to a point where nearly every major auto manufacturer is investing in electric vehicles and neighborhood electric vehicles (NEVs). With conventional fuel costs showing no signs of becoming cheaper, the demand for EVs has seen a simultaneous rise. Many governments have duly encouraged the adoption of golf carts (on commercial and residential sites), EVs, NEVs, and hybrid vehicles by providing subsidies to consumers.
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