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The Europe Light Electric Vehicle Market size was valued at USD 4.4 billion in 2023. It is likely to grow up to USD 9.2 billion by 2030 at a CAGR of 8.6% during the forecast period ranging between 2025 and 2030. 

A Light Electric Vehicle (LEV) is an eco-friendly mode of transport which includes electric skateboards, e-bikes, and e-scooters. They are powered by electricity instead of gasolene. and have rechargeable batteries made of lithium-ion. These vehicles are ideal for urban mobility, especially for traveling short distances. They are most sustainable for delivery services. Rapid urbanization drives the growth of the Europe light electric vehicle market. These vehicles are cost-effective and convenient to use as alternative mode of transport. Government grants and subsidies to promote greener transportation reduces taxes to encourage people to adopt electric vehicles. The higher adoption of electric cargo bikes in delivery and logistics as well as shared mobility services are also contributing to the market growth. However, The high cost of vehicles and the insufficient charging infrastructure hinder the growth of the Europe light electric vehicle market. 

Browse market data Tables and Figures spread through 94 Pages and in-depth TOC on Europe Light Electric Vehicle Market By Product (Hybrid Electric Vehicles(HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Battery Electric Vehicles (BEVs)), By Voltage (24V, 36V, 48V, 60V, and 72V), By Application (E-Vehicles for Personal Use, Commercial Applications, Sports, Shared Mobility Solutions), By Battery (Lithium cobalt batteries (LCA), Lithium-ion polymer batteries (LiPo), and Nickel-metal hydride batteries (NIMH)) and By Geography (Western Europe, Northern Europe and Southern Europe) - Forecast from 2025 to 2030.

Europe Light Electric Vehicle Market Segmentation and Key Players

By product, battery electric vehicles dominate the europe light electric vehicle market  

The Europe light electric vehicle market is bifurcated by product into Hybrid Electric Vehicles(HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Battery Electric Vehicles (BEVs). Out of these segments, the most dominating subsegment is Battery Electric Vehicles (BEVs) mainly due to their zero-emission operation. These vehicles are also the best in compliance with the strict environmental regulations. This segment is expected to grow significantly during the forecast period due to the rising preference among consumers for eco-friendly transport options, especially in urban commuting.

"Western Europe dominates the europe light electric vehicle market." 

Western Europe is the most dominant region of the Europe light electric vehicle market led by the countries like Germany, France, and the Netherlands, in particular for their robust infrastructure, higher environmental awareness among users, and favorable government incentives.

Some of the key players in this market are Ford Motor Company, Groupe Renault, Peugeot S.A., Volkswagen AG, Stellantis, Tesla, Mercedes Benz, BMW, Toyota Motor Corporation

The Europe Light Electric Vehicle Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

Europe Light Electric Vehicle Market coverage (By Value)

• Product Insight and Forecast 2025 - 2030
  • Hybrid Electric Vehicles(HEVs)
  • Plug-in Hybrid Electric Vehicles (PHEVs)
  • Battery Electric Vehicles (BEVs).
• Voltage Insight and Forecast 2025 - 2030
  • 24V
  • 36V
  • 48V
  • 60V
  • 72V
• Application Insight and Forecast 2025 - 2030
  • E-Vehicles for Personal Use
  • Commercial Applications
  • Sports
  • Shared Mobility Solutions
• Battery Insight and Forecast 2025 - 2030
  • Lithium cobalt batteries (LCA)
  • Lithium-ion polymer batteries (LiPo)
  • Nickel-metal hydride batteries (NIMH)

Geographical Segmentation

Europe Light Electric Vehicle Market by Region

• Western Europe
  • Germany
  • France
  • The Netherlands
• Northern Europe
  • Norway
  • Sweden
• Southern Europe
  • Spain
  • Italy