Golf Cart and NEV Market Is Expected to Grow at a CAGR of 6.60% from 2014-2020
According to the research report, the global golf cart and NEV market stood at US$1.8 bn in 2013 and is expected to grow at a CAGR of 6.60% from 2014 to 2020 to reach US$2.8 bn by 2020. The significant growth rate of the global golf cart and neighborhood electric vehicles (NEV) market will be largely attributable to the growing demand for electric vehicles for short-distance commutes to be covered at low speed.
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