Thursday, October 31, 2013

Low-Speed Electric Vehicles Becoming Increasingly Popular in China

In the US, low-speed electric vehicles were once mildly popular, but with the rise of real electric automobiles, the low-speeder has lost its luster.
The same isn’t true in China.
Though China may not yet embrace the real electric automobile, the low-speed variety is really catching on.
In Shandong Province alone, some 128,000 low-speed electric were produced in 2012. Even more amazingly, 125,000 of those have been sold.
20 “automakers” produce these low-speed electric in Shandong, which is now considered to be the “low speed electric vehicle test zone,” according to China Car Times.
Why the intense focus on low-speed electrics? Cost and price. These automakers can produce the low-speed EVs for next to nothing, especially since they’re outside of regulations and don’t require safety equipment. The consumer can then buy these low-speeders on the cheap (like for 1/10th the price of a real EV).
The other reason for the rising popularity of low-speed electric is that you can drive them without a license and that they don’t require insurance.
Low-speed electrics aren’t likely to have a second coming in the US, but in other parts of the world, the low-speeder will surely dominate for years to come.