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Micro EVs are going nowhere, fast.
These compact electric cars, typically under 2.5 meters and designed for urban driving with top speeds of up to100 kilometres (62 miles) an hour, captured just $11 billion of the $800 billion global EV market last year. Despite a parade of new models, global sales are expected to stay flat at 1.4 million units this year, according to market intelligence firm IDTechEx.
Of the 785 electric car models available worldwide in 2024, only about 78 were micro…
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Micro EVs are going nowhere, fast.
These compact electric cars, typically under 2.5 meters and designed for urban driving with top speeds of up to100 kilometres (62 miles) an hour, captured just $11 billion of the $800 billion global EV market last year. Despite a parade of new models, global sales are expected to stay flat at 1.4 million units this year, according to market intelligence firm IDTechEx.
Of the 785 electric car models available worldwide in 2024, only about 78 were micro…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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