Electric Utility Task Vehicle (UTV) Market is predicted to reach USD 28.27 Billion by 2030

According to the study by Next Move Strategy Consulting, the global Electric Utility Task Vehicle (UTV) Market size is predicted to reach USD 28.27 billion, with a CAGR of 5.2% by 2030.

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The rising number of favorable policies and incentives such as tax credits and rebates by the governments of numerous countries to attract the attention of consumer for the adoption of electric vehicles drives the market for sustainable utility vehicles.

North America holds the dominant share in the electric UTV market trends and is projected to maintain its dominance throughout the forecast period.

The electric UTV industry comprises of various market players such Polaris, Club Car, Waev Inc., BRP Inc., Greenworks, Kandi Technologies Group, Honda, Can-Am, Yamaha and Kawasaki.