36% CAGR growth by 2023 in Automotive High-Performance Electric Vehicles (EV) Market| Top Vendors - BMW, DAIMLER, GENERAL MOTORS, NISSAN, FORD, RENAULT, RIMAC, TESLA MOTORS, KIA, MITSUBISHI, PEUGEOT, VOLKSWAGEN, VENTURI, amongst others.

Market Analysis:

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 a 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.

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An electric high-performance vehicle (EHPV) is propelled by electricity and is equipped with advanced electric vehicle powertrain components and Li-ion batteries with high energy density. Growing awareness of vehicle emissions, lower operating and maintenance costs, along with increasing government initiatives to encourage the use of electric vehicles, will also help in driving the growth of high-performance electric vehicles significantly. The growing demand for these types of vehicles is primarily due to the increasing popularity of racing events in Europe. Also, the government and companies in the private sector are jointly focusing on battery electric vehicles and using eco-friendly transport, resulting in increased demand for EHPV.

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Market Segments:
Automotive High-Performance Electric Vehicles (EV) Market is segmented by:
Drive: Plug-in Hybrid, Pure Electric
Vehicle: Passenger Vehicle, Commercial vehicle
Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• March 2018: Rimac to partner with China for battery and electric motor factory.
• January 2018: Kia motors launched 4D virtual test drives for the all-new stinger sports sedan.

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