US Companies Bet on Low-Speed EVs; Fiat and Chip Motors Offer $15,000 Models
US automakers are increasingly betting on low-speed electric vehicles (LSVs), a niche between golf carts and light cars. Fiat plans to sell its electric Topolino in the US at about $15,000, while California startup Chip Motors offers a similar-priced “Chip” model. President Trump has voiced support for micro cars, and regulation is lenient, with a 25 mph speed cap and no airbag requirement. Industry players see the segment growing, targeting short trips in gated communities.
- Effective
- +21
- Intensity
- 50
- Confidence
- 65%
- Horizon
- Short term