HPEVs (High-Performance Electric Vehicle) Market 2017 Analysis and Forecast Report 2021

ReportsnReports.com adds new research report Global High-Performance Electric Vehicle Market 2017-2021. This report covers the present scenario and the growth prospects of the global high-performance electric vehicle market for 2017-2021. To calculate the market size, the report considers the unit sales of high-performance electric cars across all regions.

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The following companies are the key players in the global high-performance electric vehicle market: BMW, Daimler, General Motors, NISSAN MOTOR, and Tesla Motors. Other Prominent Vendors in the market are: Audi, BYD, Ford Motor, Honda, Hyundai Motor, and Volkswagen.

Global High-Performance Electric Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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The latest trend gaining momentum in the market is FCV technology for range extension in HPEVs. Fuel cell vehicle (FCV) or fuel cell EV (FCEV) is an upcoming trend in the EV market. Instead of an engine, this variant uses a fuel cell to extend the range of battery by charging through an electric motor. Fuel cells generate electricity using oxygen (from the air) and compressed hydrogen. FCVs that use hydrogen are zero-emission vehicles, which emit only water and heat.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Further, the report states that one of the major factors hindering the growth of this market is range anxiety and issues with replacement schedules. An HPEV’s battery range is one of the key challenges faced by end-users, and most consumers with these vehicles do not prefer to venture out far from a locality with a charging station. This is one of the primary disadvantages of HPEVs, and OEMs, battery manufacturers, and charging infrastructure providers are working toward expanding these vehicles’ driving range.

According to the report, one of the major drivers for this market is stringent regulations on emissions and fuel efficiency. The development and adoption of green vehicles are considered to be major solutions to reduce 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.

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