Grenada Light Electric Vehicles (LEVs) Market (2025-2031) | Companies, Growth, Size, Forecast, Industry, Value, Trends, Revenue, Share, Outlook, Segmentation & Analysis

Name: Grenada Light Electric Vehicles (LEVs) Market (2025-2031) | Trends & Size
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Application (Personal Mobility, Shared Mobility, Recreation & Sports, Commercial), By Vehicle Category (2-wheelers, 3-wheelers, 4-wheelers), By Power Output (Less than 6 kW, 6-9 kW, 9-15 kW) And Competitive Landscape

Product Code: ETC5874630	Publication Date: Nov 2023	Updated Date: Oct 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Grenada Light Electric Vehicles (Levs) Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Grenada`s import shipments of light electric vehicles (LEVs) saw a significant increase in 2024, with top exporting countries including Japan, China, UK, USA, and South Korea. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained high in 2024 following a very high concentration in the previous year. The impressive compound annual growth rate (CAGR) of 75.97% from 2020 to 2024 highlights the rapid expansion of the LEV market in Grenada. Additionally, the remarkable growth rate of 277.13% from 2023 to 2024 indicates a surge in demand for environmentally friendly transportation options in the country.

Key Highlights of the Report:

Grenada Light Electric Vehicles (LEVs) Market Outlook
Market Size of Grenada Light Electric Vehicles (LEVs) Market, 2024
Forecast of Grenada Light Electric Vehicles (LEVs) Market, 2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Revenues & Volume for the Period 2021-2031
Grenada Light Electric Vehicles (LEVs) Market Trend Evolution
Grenada Light Electric Vehicles (LEVs) Market Drivers and Challenges
Grenada Light Electric Vehicles (LEVs) Price Trends
Grenada Light Electric Vehicles (LEVs) Porter`s Five Forces
Grenada Light Electric Vehicles (LEVs) Industry Life Cycle
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By Personal Mobility for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By Shared Mobility for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By Recreation & Sports for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By Commercial for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By Vehicle Category for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By 2-wheelers for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By 3-wheelers for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By 4-wheelers for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By Power Output for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By Less than 6 kW for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By 6-9 kW for the Period 2021-2031
Historical Data and Forecast of Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume By 9-15 kW for the Period 2021-2031
Grenada Light Electric Vehicles (LEVs) Import Export Trade Statistics
Market Opportunity Assessment By Application
Market Opportunity Assessment By Vehicle Category
Market Opportunity Assessment By Power Output
Grenada Light Electric Vehicles (LEVs) Top Companies Market Share
Grenada Light Electric Vehicles (LEVs) Competitive Benchmarking By Technical and Operational Parameters
Grenada Light Electric Vehicles (LEVs) Company Profiles
Grenada Light Electric Vehicles (LEVs) Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Grenada Light Electric Vehicles (LEVs) Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Light Electric Vehicles (LEVs) Market - Industry Life Cycle

3.4 Grenada Light Electric Vehicles (LEVs) Market - Porter's Five Forces

3.5 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume Share, By Application, 2021 & 2031F

3.6 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume Share, By Vehicle Category, 2021 & 2031F

3.7 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume Share, By Power Output, 2021 & 2031F

4 Grenada Light Electric Vehicles (LEVs) Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Government incentives and subsidies promoting the adoption of light electric vehicles.

4.2.2 Growing environmental awareness and emphasis on sustainable transportation solutions.

4.2.3 Increasing urbanization leading to the need for efficient and eco-friendly modes of transportation.

4.3 Market Restraints

4.3.1 High initial cost of light electric vehicles compared to traditional vehicles.

4.3.2 Limited charging infrastructure hindering widespread adoption.

4.3.3 Concerns regarding the range and battery life of light electric vehicles.

5 Grenada Light Electric Vehicles (LEVs) Market Trends

6 Grenada Light Electric Vehicles (LEVs) Market Segmentations

6.1 Grenada Light Electric Vehicles (LEVs) Market, By Application

6.1.1 Overview and Analysis

6.1.2 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume, By Personal Mobility, 2021-2031F

6.1.3 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume, By Shared Mobility, 2021-2031F

6.1.4 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume, By Recreation & Sports, 2021-2031F

6.1.5 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume, By Commercial, 2021-2031F

6.2 Grenada Light Electric Vehicles (LEVs) Market, By Vehicle Category

6.2.1 Overview and Analysis

6.2.2 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume, By 2-wheelers, 2021-2031F

6.2.3 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume, By 3-wheelers, 2021-2031F

6.2.4 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume, By 4-wheelers, 2021-2031F

6.3 Grenada Light Electric Vehicles (LEVs) Market, By Power Output

6.3.1 Overview and Analysis

6.3.2 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume, By Less than 6 kW, 2021-2031F

6.3.3 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume, By 6-9 kW, 2021-2031F

6.3.4 Grenada Light Electric Vehicles (LEVs) Market Revenues & Volume, By 9-15 kW, 2021-2031F

7 Grenada Light Electric Vehicles (LEVs) Market Import-Export Trade Statistics

7.1 Grenada Light Electric Vehicles (LEVs) Market Export to Major Countries

7.2 Grenada Light Electric Vehicles (LEVs) Market Imports from Major Countries

8 Grenada Light Electric Vehicles (LEVs) Market Key Performance Indicators

8.1 Average distance traveled per charge.

8.2 Number of charging stations per capita.

8.3 Percentage of government budget allocated to support electric vehicle adoption.

8.4 Average time taken to charge a light electric vehicle.

8.5 Percentage of total vehicles on the road that are light electric vehicles.

9 Grenada Light Electric Vehicles (LEVs) Market - Opportunity Assessment

9.1 Grenada Light Electric Vehicles (LEVs) Market Opportunity Assessment, By Application, 2021 & 2031F

9.2 Grenada Light Electric Vehicles (LEVs) Market Opportunity Assessment, By Vehicle Category, 2021 & 2031F

9.3 Grenada Light Electric Vehicles (LEVs) Market Opportunity Assessment, By Power Output, 2021 & 2031F

10 Grenada Light Electric Vehicles (LEVs) Market - Competitive Landscape

10.1 Grenada Light Electric Vehicles (LEVs) Market Revenue Share, By Companies, 2024

10.2 Grenada Light Electric Vehicles (LEVs) Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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