Market Share of Automotive High Performance Electric Vehicles Industry
- Tesla, Daimler (Mercedes-Benz), BMW, Volkswagen, Hyundai, Nissan, and Chevrolet are the most prominent players in the high-performance electric vehicles market. OEMs are focusing on developing cost-effective electric vehicles that have a better range.
- Tesla is the pioneer of the EHPV (electric high-performance vehicle) concept and is supporting and encouraging the concept's development. The company is developing cost-effective but high-performance electric vehicles to leverage the adoption of electric vehicles. The company hopes the initiative may spur consumer acceptance and create a network of supporting businesses, such as EV charging stations and service centers. The high cost of ownership, coupled with a lack of adequate charging infrastructure in many countries, is one of the challenges the market may face in the forecast period.
- Companies active in the market are constantly investing in technologies to push the commercialization of high-performance vehicles. For instance, in September 2022, Volkswagen revealed ID XTREME. Based on the ID.4 GTX, the all-electric concept car combines the advantages of a modern SUV with the sense of adventure from a tough off-road vehicle. Compared to the ID.4 GTX, the concept car's system power rises by approximately 30% thanks to software adaptations in the drive control unit, a high-performance drive on the rear axle, and 65 kW to 285 kW of system power.
Automotive High Performance EVs Market Leaders
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Tesla
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Daimler AG
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BMW
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Volkswagen AG
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General Motors Company
*Disclaimer: Major Players sorted in no particular order
