New York, United States: The US electric golf cart market is on track for significant expansion, with revenue projected to grow from US$529.4 million in 2024 to US$886.7 million by 2033, according to new research from ResearchAndMarkets.com.

A compound annual growth rate (CAGR) of 6.2% is forecast through the next decade, fuelled by growing adoption in gated communities, resorts, retirement villages, and municipal fleets.

As sustainability becomes a core priority across planned developments and recreational sites, electric carts – offering quieter, low-emission alternatives to gas-powered models – are being embraced for short-range mobility.

Advances in lithium-ion and LiFePO₄ battery technologies are improving safety, energy density, and charging speeds, making electric carts more viable for extended recreational use, commercial applications, and local fleet deployment.

Key market drivers and developments include:

• Increased demand in active adult communities and resort towns prioritising eco-friendly transport.
• Strategic partnerships, such as the March 2025 agreement between Golf Carts and More and ICON Electric Vehicles to deliver customisable, street-legal electric carts across San Diego County.
• Battery innovation, enabling longer run times and faster charging with improved thermal stability.
• The rising popularity of customisable Low-Speed Vehicles (LSVs) is suited for neighbourhood commuting and light utility use.

However, inconsistent State-level LSV regulations continue to challenge market uniformity. While States like Florida and California permit road use on streets with limits up to 35 miles per hour, others, such as Pennsylvania and New York, enforce stricter limitations, requiring region-specific compliance strategies and slowing broader adoption. 

*Full ResearchAndMarkets report can be found here.