Press Release / Business / High-Performance Electric Vehicle Market Analysis and Forecast from 2018 to 2025 in Terms of Value and Volume

High-Performance Electric Vehicle Market Analysis and Forecast from 2018 to 2025 in Terms of Value and Volume

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 faster acceleration of 0 to 60 miles per hour, unlike that ofEV, 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.
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One of the key factors responsible for the growth of this market is the stringent regulations on emissions and fuel efficiency. The development and adoption of green vehicles are considered as major solutions to reduce greenhouse gas (GHG) levels in the atmosphere to an acceptable level. These vehicles run on alternative sources of energy such as only electricity,hybrid energy, and other power sources such as solar, wind energy, or biofuels. In an attempt to control global warming, countries around the world are coming up with stringent emission norms to curb the levels of GHG emissions from vehicles. For instance, the European Union regulations, known as Euro norms, have set emission standards and fuel consumption levels that new vehicles being launched must meet. Currently, theEuro 6 normsthat are effective have been in place since 2014. Such norms by governments across the globe have made it is compulsory for automakers to comply with this stringent emission and fuel consumption regulations, automakers are compelled to develop zero emission vehicles (ZEVs) or nearly zero emission vehicles, this, in turn, will propel the growth of the HPEV market during the forecast period.
One of the latest trends gaining traction in this market is the development of fuel cell vehicle (FCV) technology for range extension in HPEVs. Instead of an engine, this variant uses a fuel cell to extend the range of battery by charging through anelectric vehicle motor. Fuel cells generate electricity using oxygen (from the air) and compressed hydrogen. FCVs that use hydrogen are zero-emission vehicles and emit only water and heat. Also, an increasing number of governments are promoting the adoption of FCVs; this will consequently augment the growth of the global HPEV market in the coming years. Global High-Performance Electric Vehicle market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for High-Performance Electric Vehicle. This industry study presents the global High-Performance Electric Vehicle market size, historical breakdown data (2014-2019) and forecast (2019-2025). The High-Performance Electric Vehicle production, revenue and market share by manufacturers, key regions and type; The consumption of High-Performance Electric Vehicle in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders BMW, Daimler, etc.
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The following manufacturers are covered in this report: BMW Daimler General Motors NISSAN MOTOR Tesla Motors Audi BYD Ford Motor Honda Hyundai Motor Volkswagen High-Performance Electric Vehicle Breakdown Data by Type Entry Level SUV Premium Luxury High-Performance Electric Vehicle Breakdown Data by Application Home Use Commercial Use High-Performance Electric Vehicle Production by Region United States Europe China Japan South Korea India Other Regions High-Performance Electric Vehicle Consumption by Region North America United States Canada Mexico Asia-Pacific China India Japan South Korea Australia Indonesia Malaysia Philippines Thailand Vietnam Europe Germany France UK Italy Russia Rest of Europe Central & South America Brazil Rest of South America Middle East & Africa GCC Countries Turkey Egypt South Africa Rest of Middle East & Africa
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