The market for golf carts and low-speed electric vehicles
DSG Global noted that the foreseeable size of the global market for low-speed electric vehicles, including golf carts, will reach $68 billion by 2025.
Both low-speed and high-speed electric vehicle sales are on track to reach $132 million by 2023, according to the same source.
DSG Global is a technology development company based in Surrey, British Columbia, Canada, that engages in the design, manufacture and marketing of fleet management solutions for the golf industry, as well as commercial, government and military applications.
In 2020, the company created an electric vehicle marketing and distribution division, Imperium Motor Company (Imperium USA) and its Canadian counterpart in 2021, Imperium Motor of Canada Corporation (Imperium Canada), and in 2021 formed a golf cart division, AC Golf Carts, with exclusive worldwide rights to Shelby Cobra golf carts.
The main activities of its fleet management and golf division are the development, sale and rental of GPS tracking devices and interfaces for golf vehicles, as well as related support services.
Golf carts
More recently, its Vantage Tag (Vantage) subsidiary expanded its original purpose of producing and marketing GPS systems, to lead DSG’s presence in the golf industry by providing a full suite of electric vehicles, fleet management systems and support services to the golf industry and to commercial customers in the last-mile delivery, tourism and resort, education, agriculture and corporate markets.
DSG Global’s electric vehicle division, meanwhile, is engaged in the import, marketing and distribution of a range of low-speed and high-speed electric passenger vehicles for everyday, family, commercial and public use.
According to the company, the global electric vehicle market size was valued at $11.9 billion in 2017 and is forecast to reach $56.7 billion by 2025, at a compound annual growth rate of 22.3% from 2018 to 2025.
On January 5, 2023, Imperium Motor Corp. changed its name to Liteborne Motor Corporation.
Liteborne is expected to begin importing vehicles in the fourth quarter of 2023 with initial sales reaching up to $130 million.
