Report overview
The global High-Performance Electric Vehicle market was valued at 1146.31 Million USD in 2021 and will grow with a CAGR of 4.4% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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 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.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, the Euro 6 norms that 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.
By Market Verdors:
BMW
Daimler
General Motors
NISSAN MOTOR
Tesla Motors
Audi
BYD
Ford Motor
Honda
Hyundai Motor
Volkswagen
By Types:
Entry Level
SUV
Luxury
By Applications:
Home Use
Commercial Use
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
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Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
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