North America Automotive High Performance Electric Vehicles Market- Forecasts and Trends 2017 - 2022

  • ID: 4385340
  • Report
  • Region: North America, United States
  • 126 pages
  • Mordor Intelligence
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High Performance Electric Vehicles market in North America is expected to grow at a CAGR of 40.32% during the forecast period. This type of vehicles has been introduced recently and their technology is still at its development stage. However, during the forecast period, electric vehicles are expected to gain significant momentum, which would significantly propel the growth of the high performance electric vehicle market in North America. Growing awareness of vehicle emissions, lower operating and maintenance cost along with increase in Government agency’s initiative to encourage the use of electric vehicles would also help to drive the growth of high performance electric vehicles significantly.

An electric high performance vehicle (EHPV) is propelled by electricity and are equipped with advanced electric vehicle powertrain components and Li-ion batteries with high energy density. These battery electric vehicles have top speeds exceeding 90 miles per hour and driving range exceeding 80 miles per single charge.

North America is leading the global market for the manufacture of these vehicles. The government and private players are focused on providing battery electric vehicles and using eco-friendly transport, resulting in increased demand for EHPV. Various initiatives taken by the governments of the country to increase adoption of electric vehicles, like that of building convenient charging stations, has added to the growth of the EHPV market in the region, and this is expected to result in the rapid growth of the over the coming years. EVs are also exempted from excise tax that varies from 6%-8% (depending on the vehicle weight) in various states of the region.

Electric high performance vehicles can be differentiated from other EVs on aspects which include longer range of distance i.e. over 90 miles in single charge, have high acceleration and can attain speed of over 90 miles per hour with fast 0 to 60 miles per hour acceleration unlike that of EV which can range at speeds varying from 40-65 miles per hour. These vehicles have advanced electric vehicle powertrain components (electric motors and converters) and are thereby light weight, giving them a much higher energy efficiency compared to other commercially available EV. Additionally, cost of fuel used for propulsion is also significantly lower (estimated to be less than one third) than a high performance ICE vehicles. High cost of ownership coupled with limitations in account of the charging infrastructure in many countries, would affect the growth of the market in the forecast period.

Tesla pioneered the concept of EHPV supporting and encouraging their development. They have been developing cost effective but high performance electric vehicle, to leverage the adoption of electric vehicle in the region. The company hopes that the initiative would spur consumer acceptance and create a network of supporting businesses, such as, EV charging stations and service centers.

During the forecast period, new EHPVs by Audi, Porsche, and Aston Martin are expected to be introduced in the market. The market is segmented by electric vehicle type, by power range and by geography. Some of the key players in this market are BMW, Daimler, and Nissan Motor.

WHAT THE REPORT OFFERS

1) Market Definition along with identification of key drivers and restraints for the market.

2) Market analysis with region specific assessments and competition analysis on a regional and on a country scale.

3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on a regional scale.

4) Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.

5) Identification and analysis of the Macro and Micro factors that affect the high performance electric vehicles market.
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1. INTRODUCTION
1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast Period Years
1.6 General Study Assumptions
1.7 New Developments in R&D/ Latest Technologies
2. RESEARCH METHODOLOGY
2.1 Introduction
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.4 Research Assumptions
3. EXECUTIVE SUMMARY
4. KEY INFERENCES
5. MARKET OVERVIEW AND TECHNOLOGY TRENDS
5.1 Current Market Scenario
5.2 Applications of Steering Sensors
5.3 Investment Analysis
5.4 Porter's Five Forces Framework
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products and Services
5.4.5 Competitive Rivalry within the industry
5.5 Drivers, Restraints, Opportunities and Challenges
5.6 Technology Trends
6. NORTH AMERICA AUTOMOTIVE HIGH PERFORMANCE ELECTRIC VEHICLES, BY VEHICLE TYPE
6.1 Plug-in Hybrids Electric Vehicles
6.2 Pure Electric Vehicles
7. NORTH AMERICA AUTOMOTIVE HIGH PERFORMANCE ELECTRIC VEHICLES, BY POWER RANGE
7.1 High Performance Luxury Vehicles
7.2 Sports Vehicles
7.3 Others
7.3.1 NORTH AMERICA AUTOMOTIVE HIGH PERFORMANCE ELECTRIC VEHICLES- BY COUNTRY - MARKET SHARE AND FORECASTS
7.3.2 Introduction
7.3.3 US
7.3.4 Mexico
7.3.5 Canada
8. Rest of North America
9. COMPETITIVE LANDSCAPE
9.1 Introduction
9.2 Market Share Analysis
9.3 New Products and Developments of Key Players
10. KEY VENDOR ANALYSIS
10.1 BMW
10.2 Daimler
10.3 GM
10.4 Nissan
10.5 Ford
10.6 Renault
10.7 Rimac
10.8 General Motors
10.9 Tesla Motors
10.10 Kia
10.11 Mitsubishi
10.12 Peugeot
10.13 Volkswagen
10.14 Venturi
11. FUTURE OUTLOOK OF THE MARKET
12. APPENDIX
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