The industry research report offers market forecast for the global high-performance electric vehicle market. This research report analyzes the key trends impacting the market shares for APAC, Americas, and EMEA. The leading vendors analyzed by this report include BMW, Daimler, GM, Nissan, Renault, and Tesla Motors.
Technavio has released updated information on the vehicle market, with the publication of its new market research report, global high-performance electric vehicle market. The global high-performance electric vehicle (EHPV) market is expected to grow around a market size of around 612 thousand units by 2019. The US is main contributor to the high-performance electric vehicle market in the Americas. The country is witnessing high demand for electric vehicles (EVs), as the government is supporting the use of eco-friendly transport and many companies in the region are focusing on introducing battery electric vehicles (BEVs).
“Consumers prefer li-ion battery technology because of its lightweight, extended life span and high electrochemical potential. Li-ion batteries have better charge efficiency and high durability, which enhance the performance and efficiency of electric vehicles. These batteries optimize energy generation and consumption and can support higher loads such as air conditioning, active chassis and safety, and electric supercharging,” says Sriram Mohan, Lead Analyst, Automotive, Technavio Research.
EHPVs have lower operating costs than conventional liquid fuel-powered ICE vehicles. EHPVs are fuel-efficient and allow for less frequent changing spark plugs, oil and oil filters, and other vehicle components. These vehicles have lower maintenance costs due to their design, components and accessories, which are built to have a long life. Most EHPV manufacturers are now focusing on improving existing technology and further reduce the cost of maintenance to attract more buyers.
The key players in the global high-performance electric vehicle market includes BMW, Daimler, GM, Nissan, Renault, and Tesla Motors. Vendors are constantly offering technological innovations to gain a competitive edge. Moreover, there has been significant investment in developing lighter EHPVs with higher driving ranges, which we expect will further increase during the forecast period
A more detailed analysis is available in the Technavio report, Global High-Performance Electric Vehicle Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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