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Global Automotive High-Performance Electric Vehicles Market - Growth, Trends, and Forecast (2018 - 2023)

Global Automotive High-Performance Electric Vehicles Market - Growth, Trends, and Forecast (2018 - 2023)

The global automotive high-performance electric vehicles (EV) market is expected to register a CAGR close to 36% during 2018 to 2023 (the forecast period). Electric high-performance vehicles can be differentiated from other EVs on aspects, including longer range of distance i.e., over 150 miles in a single charge, high acceleration and their ability to attain a speed of over 90 miles per hour with a faster acceleration of 0 to 60 miles per hour, unlike that of EV, which can range at speeds varying from 40-65 miles per hour. While purely electric cars do have some limitations, usually including lower range and higher weight, unlike normal gasoline powered cars, they do hold the advantage of having all of their torque available from a standstill. An electric high-performance vehicle (EHPV) is propelled by electricity and is equipped with advanced electric vehicle powertrain components and Li-ion batteries with high energy density. Growing awareness of vehicle emissions, lower operating and maintenance costs, along with increasing government initiatives to encourage the use of electric vehicles, will also help in driving the growth of high-performance electric vehicles significantly. The growing demand for these type of vehicles is primarily due to the increasing popularity of racing events in Europe. Spanish engineering company Applus+ unveiled its Volar-e supercar prototype at the Circuit de Catalunya in Barcelona. Developed as per European Commission guidelines and based on the Rimac Concept One, the all-electric Volar-e is primarily built to strike the market for the F1 circuit to be held there. Also, the government and companies in the private sector are jointly focusing on battery electric vehicles and using eco-friendly transport, resulting in increased demand for EHPV. Tesla pioneered the concept of EHPV, supporting and encouraging their development. They are developing cost-effective but high-performance electric vehicles to leverage the adoption of electric vehicles in the region. The company hopes that the initiative will spur consumer acceptance and create a network of supporting businesses, such as EV charging stations and service centers. High cost of ownership, coupled with lack of adequate charging infrastructure in many countries, is one of the challenges that the market can face in the forecast period.

Key Developments in the Market

March 2018: Rimac to partner with China for battery and electric motor factory.
January 2018: Kia motors launched 4D virtual test drives for the all-new stinger sports sedan.

Major Players: BMW, DAIMLER, GENERAL MOTORS, NISSAN, FORD, RENAULT, RIMAC, TESLA MOTORS, KIA, MITSUBISHI, PEUGEOT, VOLKSWAGEN, VENTURI, amongst others.

Reasons to Purchase this Report

The report analyses how the increasing climate change concerns will impact automotive high-performance electric vehicles market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Detailed analysis on the vehicle type that is expected to dominate the market
Detailed analysis on the regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel)

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1. Introduction
1.1. Research Methodology
1.2. General Study Assumptions
2. Research Methodology
2.1. Introduction
2.2. Analysis Methodology
2.3. Study Assumptions
3. Executive Summary
4. Market Overview and Technology Trends
4.1. Current Market Scenario
4.2. Technology Trends
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Consumers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitute Products and Services
4.3.5. Competitive Rivalry within the Industry
5. Market Dynamics
5.1. Drivers
5.1.1. Governments’ Favorable Policies
5.2. Restraints
5.2.1. Inadequate Charging Infrastructure
5.3. Opportunities
6. Automotive High-performance Electric Vehicle , by Drive
6.1. Plug-in Hybrid
6.2. Pure Electric
7. Automotive High-performance Electric Vehicle, by Vehicle
7.1. Passenger Vehicle
7.2. Commercial vehicle
8. Automotive High-performance Electric Vehicle, Segmented by Geography
8.1. North America
8.1.1. The United States
8.1.2. Canada
8.1.3. Rest of North America
8.2. Asia-Pacific
8.2.1. China
8.2.2. Japan
8.2.3. India
8.2.4. Rest of Asia-Pacific
8.3. Europe
8.3.1. Germany
8.3.2. United Kingdom
8.3.3. France
8.3.4. Rest of Europe
8.4. Rest Of The World
8.4.1. Brazil
8.4.2. South Africa
8.4.3. Others
9. Competitive Landscape
9.1. Introduction
9.2. Market Share Analysis
10. Company Profiles
10.1. BMW Group
10.2. Daimler AG
10.3. General Motors
10.4. Nissan Motor Company Ltd
10.5. Ford Motor Company
10.6. Renault
10.7. Rimac Automobili
10.8. Tesla, Inc
10.9. Kia Motor Corporation
10.10. Mitsubishi Motors Corporation
10.11. Peugeot
10.12. Volkswagen AG
11. Future Outlook
12. Disclaimer

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