Introduction to Low-Speed Electric Vehicles

Introduction to Low-Speed Electric Vehicles

Low-speed electric vehicles are purely electric-driven low-speed automobiles, typically characterized by high cost-effectiveness and suitability for short-distance commuting. Below is a detailed introduction:

• Definition and Standards: In China, a low-speed electric vehicle refers to a purely electric-powered means of transport primarily designed for daily commutes within 25 km, with a seating capacity of up to 4–5 seats, a maximum speed not exceeding 70 km/h, a curb weight of no more than 750 kg, and body dimensions not exceeding 3500 mm in length, 1500 mm in width, and 1700 mm in height. In addition, such vehicles are required to be equipped with an anti-lock braking system (ABS) and use lithium iron phosphate (LFP) or ternary lithium batteries.

• Features

• Affordable Pricing: The selling price generally ranges from 10,000 to 50,000 RMB, offering a significant price advantage over traditional fuel vehicles and high-speed electric vehicles, making them suitable for consumers with limited economic means.
• Low Operating Costs: Power consumption is approximately 10 kWh per 100 km, costing less than 5 RMB in electricity. Maintenance costs are also low, and insurance premiums are relatively modest.
• Compact and Maneuverable: With a small body size, they are convenient for driving and parking on narrow urban streets and in residential communities, ideal for short-distance travel.
• Convenient Charging: They can generally be charged using a household 220V power supply without the need for dedicated charging piles, enabling easy charging even in rural and township areas.

• Application Scenarios: They are mainly used for daily short-distance commuting, such as traveling to and from work, shopping for groceries, and picking up children. They are also widely used as urban-rural commuter vehicles in townships and rural areas, as well as for short-distance transportation in factories, mining areas, sanitation, and other fields.

• Market Status: The low-speed electric vehicle market has shown steady growth, with a compound annual growth rate (CAGR) of 6.8% from 2020 to 2024. The total market size reached 89.28 billion RMB in 2024, and the CAGR from 2024 to 2029 is projected to be 5.8%. Its user base is mainly concentrated in the lower-tier markets, with a majority of elderly consumers, although the proportion of young consumers is gradually increasing.

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