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

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

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Grenada Light Electric Vehicles (LEVs) Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Grenada Light Electric Vehicles (LEVs) Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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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