Electric high performance vehicles can be different from other electric vehicles on aspects such as longer range of distance that is over 90 miles in a single charge, which is majorly high compared to other commercially available electric vehicles. High performance also have high acceleration and can achieve a speed of over 90 miles per hour with a speed of 0 to 60 miles per hour, unlike that of electric vehicles, which can range at speeds varying from 40-65 miles per hour. The Global High Performance Electric Vehicles Market is majorly driven by an increase in global awareness about global warming and fossil fuel exhaustion. Electric cars produce instant torque and have great torque vectoring making them ideal for high-performance racing. The beginning of Formula E racing sports has emerged in more capital injected into research and to develop improved battery technology. Automobiles such as Tesla roadster x can run 0-100 km/hr. (0-62mph) is lesser than 2.09 seconds. High performance electric vehicles are also addressed the safety requirements of customers. The highest safety honor was awarded to Tesla by the Insurance Institute for Highway Safety. Some of the other prominent factors accelerating the market growth are growing environmental concerns, implementation of strict emissions and fuel economy standards, and increasing government initiatives, in respect of subsidies and advantages for developing the adoption rate of electric vehicles. Governments of developed economies across the world are providing monetary advantages such as zero to very minimum registration fee and exemption in import tax, purchase tax, and road tax. Apart from providing subsidies, governments are also providing favorable policies for the improvement of charging infrastructure which is contributing in the high performance electric vehicles market growth The federal Internal Revenue Service (IRS) tax credit is USD 2,500 to USD 7,500 for a new EV bought for use in the United States. On the other hand, the key impeding factor in an EV is the low energy lithium-ion battery pack. The electric vehicle has two risks such as low center of gravity and can catch fire because of battery. These factors hinder the growth of the High-performance EV market.

The significant fluctuations in the prices of fuel and the decrease in the subsidies provided on the plug-in hybrid vehicles in the major markets are impacting the sales of the vehicles. In contrast, various automakers are introducing the plug-in hybrid versions of the present vehicles, which implies that the market trend is switching to environment-friendly plug-in hybrid vehicles which is a key factor propelling the high performance electric vehicles market.

The global High Performance Electric Vehicle Market is segregated on the basis of Drive Type as Plug-in Hybrid and Pure Electric. Based on Vehicle Type the global High Performance Electric Vehicle Market is segmented in Passenger Cars and Commercial Vehicles.

The global High Performance Electric Vehicle Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The High Performance Electric Vehicle Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Ford, Renault, Nissan, Volkswagen, GM and others are among the major players in the global High Performance Electric Vehicle Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In January 2019, Toyota Motor North America and Kenworth Truck Company declared about the collaboration between them in order manufacture ten zero-emission Kenworth T680s powered by Toyota hydrogen fuel cell electric powertrains.
• In November 2019, Tesla introduced Cybertruck, an all-electric pickup truck. Tesla assures that Cybertruck possess a range of more than 500 miles (250+ miles range for the base model which is cost at USD 39,900) and reaches 0 to 60 miles per hour in less than 2.9 seconds. Highest ability of towing of Cybertruck is 14000 lbs.

The global High Performance Electric Vehicle Market has been segmented as below:

High Performance Electric Vehicle Market, By Drive Type

• Plug-in Hybrid
• Pure Electric

High Performance Electric Vehicle Market, By Vehicle Type

• Passenger Cars
• Commercial Vehicles

High Performance Electric Vehicle Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

High Performance Electric Vehicle Market, By Company

• Ford
• Renault
• Nissan
• Volkswagen
• GM
• Peugeot
• BYD
• Zotye
• BMW
• Tesla
• Kia
• Rimac
• Daimler
• Phoenix Motor Cars
• Mitsubishi
• Cadillac
• Toyota
• Volvo
• Hyundai
• Honda

The report covers the below scope:

• Global High Performance Electric Vehicle Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global High Performance Electric Vehicle Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global High Performance Electric Vehicle Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global High Performance Electric Vehicle Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global High Performance Electric Vehicle Market share. Major industry players with significant revenue share include Ford, Renault, Nissan, Volkswagen, GM, Peugeot and others.

Why to Buy this Report:

• Gain detailed insights on the High Performance Electric Vehicle industry trends
• Find complete analysis on the market status
• Identify the High Performance Electric Vehicle Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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