Global Automotive Manufacturing High-Performance Electric Vehicle Market 2015-2019
About electric high performance vehicle
An electric high performance vehicle (EHPV) is operated with electricity and is equipped with advanced electric vehicle powertrain components and Li-ion batteries with high energy density. These are sport battery electric vehicles (BEVs) with speed exceeding 90 miles per hour and driving range exceeding 80 miles.
Technavio's analysts forecast the global electric high performance vehicle market to grow at a CAGR of 72.67% during 2014-2019.
Covered in this report
In this report, Technavio covers the present scenario and growth prospects of the global electric high performance vehicle market for 2015-2019. To calculate the market size, the report considers the unit sales of high-performance electric vehicles across all regions. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market.
Technavio's report, global electric high performance vehicle market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a geographical segmentation of the market to cover regions such as APAC, EMEA, and Americas. It also covers the landscape of the global electric high performance vehicle market platform, and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Electric High Performance Vehicle Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Electric High Performance Vehicle Market: BMW, Daimler, GM, Nissan, Renault and Tesla Motors
Commenting on the report, an analyst from Technavio’s team said: “The focus of manufacturers has shifted to the development of Li-ion batteries with extended life. Lithium has the highest electrochemical potential of all metals. Li-ion batteries have replaced lead-acid batteries in a variety of applications, such as laptops, cellphones, medical devices, electric bikes, UPS systems, tablets, and electric scooters. ”
According to the report, EHPVs have lower operating costs than conventional liquid fuel-powered ICE vehicles. In the US, the operating cost of EHPVs is less than one-fourth that of gasoline-driven vehicles. In countries with high fuel prices, the operating cost of EHPVs is even lower. EHPVs are fuel-efficient and allow for less frequent changing spark plugs, oil and oil filters, and other vehicle components.
Further, the report states that EHPVs have high initial costs compared to those of conventional diesel or gasoline-based vehicles. However, manufacturers are planning to increase their production of EHPVs by implementing the concept of economies of scale to reduce manufacturing costs. This is being done with the expectation that the cost benefits enjoyed by manufacturers will eventually be transferred to consumers. However, EHPVs currently face intense competition from gasoline-based vehicles due to their initial costs and total cost of ownership.
BMW, Daimler, GM, Nissan, Renault, Tesla Motors
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