Pike forecasts NEV market to remain small, although with double the growth rate of light-duty vehicles to 2017
Green Car Congress
JUNE 16, 2011
While moderate in terms of volume, the growth rate for NEVs will double that of the light-duty vehicle market during the same period, Pike notes. In the US, the National Highway Traffic Safety Administration (NHTSA) defines NEVs as low-speed vehicles (LSVs) that are limited to 25 mph (40 km/h) and to roads with a speed limit of 35 mph.
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