Arriva Leisure Sports Vehicles (ALSV) was formed by a powerhouse team of Low-Speed Electric Vehicle (LSV) and Auto company executives to introduce an exciting product suite to the high-growth Low Speed Vehicle market. The Management Team has extensive experience in GPS Vehicle Management, LSV & Automotive prototyping, Manufacturing, and Marketing.
Arriva products have been carefully constructed to appeal to all facets of the LSV market with compelling value propositions based on intimate knowledge of each market; from a desirable luxury consumer brand; Grande, the entry level single rider; Crestal, to the revolutionary SR-1 for golf course operators, short haul commercial delivery and unique consumer variants.
A Street-Legal Low-Speed Vehicle (LSV) is a type of 4 wheeled vehicle that meets specific regulatory standards, allowing it to be driven on public roads with speed limits typically up to 25 miles per hour (40 km/h).
These vehicles are equipped with required safety features such as headlights, taillights, turn signals, mirrors, seat belts, and a windshield. While limited to lower-speed roads, street-legal LSVs are commonly used in urban areas, neighborhoods, and other low-traffic zones for eco-friendly, short-distance transportation commercially and for personal use. They are subject to local or federal regulations depending on the jurisdiction and require a World Manufacturer Identifier (Wmi) to issue Vehicle Identification Numbers (VIN) and license plates.
Nearly all 50 states in the USA allow LSVs, also called Neighborhood Electric Vehicles (NEVs), to drive on their roads where the speed limit is 35 mph or less. Either they follow FMVSS500 (25 mph top speed on 35 mph limit roads) or make their own more aggressive law. Currently legal in 3 of Canada’s biggest provinces BC, Ontario, Quebec and pending legislation in others.
Low-speed Speed Vehicles are used for commercial as well as individual consumer purposes. Their usage is increasing in many countries as they are cost-effective and energy efficient.
The worldwide LSV market is estimated to be valued at $11.01 B in 2024 and is expected to reach $19.67 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031. Source: Coherent Market Insights 2024.
This growth is being fueled by several regulatory, economic, and societal influences:
• LSV category of road-use, legal registration (lic plate) motor vehicles
• Overall consumer awareness of environmental concerns
• Government incentives for eco-friendly transportation
• Favorable regulatory environment
• Cost of gasoline rising
• Demographics as baby boomers retire to gated communities with more disposable income
• Increasing demand for short-distance, eco-friendly commuting options
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