A utility vehicle having a chassis frame extending along a centerline axis where the chassis frame includes a first side frame member and a second side frame member opposing one another about the centerline axis. A first drive mechanism is supported by the first frame member, and a second drive mechanism is supported by the second frame member. A first gearset assembly is coupled to the first drive mechanism, and a second gearset assembly is coupled to the second drive mechanism. A first axial flux electric motor is coupled to the first gearset and positioned between the first frame member and the first gearset, and a second axial flux electric motor is coupled to the second gearset and positioned between the second frame member and the second gearset. The first gearset and the second gearset are spaced apart from one another on opposite sides of the centerline axis thereby permitting each gearset assembly to be readily installed and maintained without interfering with the opposing gearset assembly.