Electric ATV, UTV, and golf cart market is projected to reach $6.81 billion by 2032 from $1.23 billion in 2022, growing at a CAGR of 18.65% during the forecast period 2023-2032.

The growth in the global electric ATV, UTV, and golf cart market is expected to be driven by the low cost of ownership of electric ATVs, UTVs, and golf carts, low noise emission of electric ATVs, UTVs, and golf carts, raising awareness of the need to reduce carbon emissions, and increasing use of ATVs, UTVs, and golf carts in military and recreational activities, among others.