Market Size of United States Automotive High Performance Electric Vehicles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 15.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Automotive High Performance Electric Vehicles Market Analysis
The United States Automotive High Performance Electric Vehicles market is anticipated to register a CAGR of over 15% during the forecast period (2020 - 2025).
- The growing demand of high performance electric vehicles in the United States can be attributed to the growing environmental concerns (owing to rising exhaust emissions), enactment of stringent emissions and fuel economy norms are increasing the adoption rate of electric vehicles.
- Also, the lower operating and maintenance cost, along with increasing government initiatives to encourage the use of electric vehicles isdriving the growth of high-performance electric vehicles market significantly. United States is leading the global market in the manufacture of these vehicles.
- Consumer perception and willingness to purchase automobiles with new technologies is going to drive the demand for these vehicles, mainly in this country.
- The high performance electric vehicles can be differentiated from other EVs on few aspects, such as longer range of distance (i.e., over 90 miles in a single charge), which is significantly high compared to other commercially available EVs.
