DUBLIN, November 24, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/cl96l2/global_automotive) has announced the addition of the "Global Automotive Manufacturing High-Performance Electric Vehicle Market 2015-2019" report to their offering.
The global electric high performance vehicle market to grow at a CAGR of 72.67% during 2014-2019.
Global electric high performance vehicle market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a geographical segmentation of the market to cover regions such as APAC, EMEA, and Americas. It also covers the landscape of the global electric high performance vehicle market platform, and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The focus of manufacturers has shifted to the development of Li-ion batteries with extended life. Lithium has the highest electrochemical potential of all metals. Li-ion batteries have replaced lead-acid batteries in a variety of applications, such as laptops, cellphones, medical devices, electric bikes, UPS systems, tablets, and electric scooters.
According to the report, EHPVs have lower operating costs than conventional liquid fuel-powered ICE vehicles. In the US, the operating cost of EHPVs is less than one-fourth that of gasoline-driven vehicles. In countries with high fuel prices, the operating cost of EHPVs is even lower. EHPVs are fuel-efficient and allow for less frequent changing spark plugs, oil and oil filters, and other vehicle components.
Further, the report states that EHPVs have high initial costs compared to those of conventional diesel or gasoline-based vehicles. However, manufacturers are planning to increase their production of EHPVs by implementing the concept of economies of scale to reduce manufacturing costs. This is being done with the expectation that the cost benefits enjoyed by manufacturers will eventually be transferred to consumers. However, EHPVs currently face intense competition from gasoline-based vehicles due to their initial costs and total cost of ownership.
- General Motors
Other prominent vendors
- KIA Motors
For more information visit http://www.researchandmarkets.com/research/cl96l2/global_automotive
SOURCE Research and Markets