| 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`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.
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 |