Electric Sports Car: Introduction
- Electric sports car are superfast and nimble light weight electric vehicles designed to be rode on smooth paved roads or race tracks. Most of electric sport cars perform very well on public roads and hence, they are preferred by many as their daily ride.
- Most electric sports cars are built on a light weight chassis making them highly agile. Moreover, 50-50 weight distribution on both axles make it stable to turn around tight corners. Most cars are equipped with short travel hard suspension designed to make them stable and help corner better on roads.
- They have smooth tires and light weight forged wheels for minimum suspended mass to improve braking and acceleration efficiency. Smooth tires help in better grip with wider contact patch on smooth paved roads.
- They may have bodywork for better aerodynamics, which helps in better control and body dynamics at high speed
- Most sports cars have highly attractive designs with option of convertible or coupe body structure and with seating capacity for two
Key Drivers of Electric Sports Car Market:
- The excellent riding dynamics of sports cars attract many, and manufacturers have begun development of cars of various body styles and capacity in order to cater to enthusiasts
- The electric revolution witnessed in the automobile industry is driving the popularity of electric sports cars and a few manufacturers have showcased their electric sports cars too. It would be interesting to experience these cars, as the batteries and electric motors in electric cars are heavy and this would change the dynamics of light and nimble cars.
- Global leader of electric car technology has proved, electric vehicles are fast, agile nimble. They are good with handling roll-over prevention and weight transfer for driving dynamics.
Electric Sports Car Market to Offer Attractive Opportunities:
- These cars have a very rugged chassis and fine-tuned suspension, which has attracts many types of drivers. This has inspired a new breed of SUVs that are a combination of fine-tuned suspension, rugged frame, and smooth tires with comfortable seats and ample seating space.
- Rising number of sports SUVs are being added to the line up with a combination of sports car-like performance and practicality of a SUV. Electric Hummer and Tesla model X have changed the perception of sports SUVs.
- Sports cars have been gaining traction, as they provide best of both world functionalities. Therefore, manufacturers are introducing new options in their line-up.
Electric Sports Car Market to hamper market:
- Electric sports cars are currently niche and are manufacturers are primarily focusing on developed countries. Electric cars are highly limited by the range and charging times.
- More advance battery technology would be needed to make these car mainstream. Longer range cars would play a vital role in making electric sports car more lucrative to a majority of users.
- Most electric sports cars are likely to cost a lot more than IC engine counterparts, and are limited by the range on offer on a single charge. Most IC engine cars can travel long range and they do not need a battery replacement every 5 to 7 years.
- Manufacturing of batteries need exotic materials which increasing the price of these vehicles as well as the replacement, thereby increasing the overall cost of ownership
- These are the major factors that hamper the electric sports car market
Electric Sports Car Market to Expansion globally:
- The electric Sports car market is growing in several parts of the world owing to the pandemic as well as Russia-Ukraine war, which has driven fuel prices significantly. This has attracted new owners to the electric alternative.
- Numerous manufacturers have introduced newer offerings in the electric form, which in turn has increased interest in the electric sport car market.
Key Players Operating in Electric Sports Car Market:
The electric sports car market is highly fragmented owing to the presence of top companies across the globe. Some of the key players operating in the global electric sports market are:
- Dr. Ing. h.c. F. Porsche AG.
- Audi AG
- Tesla
- Faraday&Future Inc
- JAGUAR LAND ROVER LIMITED
- AC Cars (England) Ltd.
- rimac-automobili
- Lotus Cars
- automobili-pininfarina
- Mercedes Benz AG
- BMW AG
Electric Sports Car Market: Research Scope
Electric Sports Car Market, by Motor Type
Electric Sports Car Market, by Battery Type
- Lead-Acid Battery
- Li-ion Battery
- NiMH Battery
Electric Sports Car Market, by Drive Mechanism
- Hub motor
- Mid-drive
- Others
Electric Sports Car Market, by Charging Speeds
- < 1 kW
- 1 – 5 kW
- 6 – 10 kW
- 10 <
Electric Sports Car Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
