Global Low Speed Electric Vehicle (LSEV) Market Expected to Deliver Dynamic Progression until 2025 Low-Speed Electric Vehicle (LSEV) is powered by an electric motor which gains its power through a collector system. BriefingWire.com, 5/27/2021 - Low-Speed Electric Vehicle (LSEV) is powered by an electric motor which gains its power through a collector system. The power is normally obtained from the electricity from off-vehicle sources or self-started with solar panels, battery or a power generator. Demand Scenario The global low-speed electric vehicle market was USD 2.87 billion in 2018 and is estimated to reach USD 6.46 billion in 2025 at a CAGR of 12.27% during the forecast period