The Future of the Luxury Electric Vehicle Market

The Future of the Luxury Electric Vehicle Market

Customer Demand for Luxury Electric Vehicle will Depend on the Product Ownership Experience

RELEASE DATE
13-Aug-2015
REGION
North America
Research Code: MB40-01-00-00-00
SKU: AU01087-NA-MR_17205
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Description

Research Overview


This Frost & Sullivan research service on the global luxury electric vehicle (EV) market provides detailed market forecasts, drivers and restraints as well as market shares and competitive analyses of participants from 2014 to 2020. It lists the geographic markets to watch out for and offers a comparative study of various market participants. In this research, Frost & Sullivan's expert analysts thoroughly examine the following types of EVs:


Neighbourhood electric vehicle (NEV)


Battery electric vehicle (BEV)


Extended range electric vehicle (eREV)


Plug-in hybrid electric vehicle (PHEV)


Market Overview


Stringent emission norms and focus on sustainable mobility drive luxury EV sales


As governments across the world tighten emission norms, EVs are expected to be part of their sustainable mobility strategy, with higher incentives and subsidies being offered to vehicle owners. China and Japan will have the highest number of new EV registrations by 2017-2018 owing to strong government support and increasing foreign investments. The uptake of high-priced luxury EVs will, however, be low in these countries. Europe and North America, on the other hand, will lead the global luxury EV market in sales until 2020 due to higher disposable income and the availability of EV infrastructure in these regions. The growing importance given to style, power and advanced telematics will continue to fuel the demand for luxury EVs. Luxury original equipment manufacturers' (OEMs') focus on next-generation smart mobility technology such as autonomous driving, air gesture recognition, personal voice assistance and retina recognition will also boost sales.


On the flip side, the number of electric cars is multiplying much faster than the number of charging stations, compelling OEMs to look for viable alternatives to solve this problem. Daimler and the BMW Group, for instance, have signed an agreement on the joint development and implementation of a standardised technology for inductive charging of electric cars and plug-in hybrid vehicles. OEMs are also working together on R&D to develop better battery technologies for luxury EVs.

Table of Contents

Future of Luxury Electric Vehicles( EV) Customers, Global, 2010–2025

Top 3 Segments for Luxury EVs

Key Attributes Influencing the Adoption of Luxury EVs

  • Total Luxury EV Market: Attributes Influencing Customer Adoption, Global, 2014–2022

Luxury EV Price Versus Range Analysis

Expected Launch of Inductive Charging, EU, Japan, and US, 2015–2018

Impact of Electric Racing Technology on EV Development, Global, 2014

Top 3 Luxury EV OEMs

  • Total Luxury EV Market: OEM Overview, Global, 2014

Research Scope

Research Aims and Objectives

Research Background

Research Methodology

EV Segmentation

Electric Propulsion Technology

Key Differentiators of Luxury EVs

Vehicle Segment Definitions, Global, 2014

Key Mega Trends that will Impact the Luxury EV Market

Health, Wellness, and Well-being, Global, 2000–2016

Smart Mobility Technology, Global, 2000–2016

Future Brand Differentiators, Global, 2010–2025

How Luxury Cars will be Defined in Future, Global, 2010–2025

Luxury EV Forecast by OEM

Luxury EV Forecast by EV Type

Segment Forecasting and Analysis

Regional Forecasting and Analysis

Market Forecasting—By OEM

Comparative Analysis of the Luxury Market by Market Share

Luxury Features of the Top 3EV OEMs, Global, 2014

Top 3 Purchase Experiences by Luxury OEMs,Global, 2014

Competitor Positioning

Comparative Analysis of Luxury EVs by Segment

PHEV and BEV Model Launch Roadmap of Key OEMs—Europe and North America

Public Response to Subsidies for Luxury EVs

Analysis by Region by Global Net Worth

Charging Infrastructure for Luxury EVs

EV Charging Overview—Europe

DC Charging Plug and Connector Type

CCS

Inductive Charging for Luxury EVs

Existing Charging Infrastructure

Existing AC Charging Points—Level 1 and Level 2

Attractive Attributes for Future Luxury Customers

Age Group Comparison

Comparison of 18-35 Year Olds

Target Demographic for the Luxury EV Market

Purchase Trends, EU and NA, 2014–2020

Key Conclusions from the Luxury Customer Trend Analysis, Global, 2014

BMW’s EV Philosophy

Daimler’s EV Philosophy

Tesla’s EV Philosophy

Volvo’s EV Philosophy

VW’s EV Philosophy

Tata Motors’ EV Philosophy

Opportunity Analysis

The Last Word—3 Big Predictions

Legal Disclaimer

Definitions

Comparative Analysis of Incentives by Region

The Future of Alternative Fuels, Global, 2015

List of Figures
  • 1. Total Luxury EV Market: Price Versus Range, EU and NA, 2014
  • 2. Total Luxury EV Market: Attraction to Incentives, EU, Japan, and US, 2014
  • 3. Total Luxury EV Market: Existing Charging Infrastructure, EU, 2014
  • 4. Total Luxury EV Market: Existing AC Charging Points, US, 2014
  • 5. Total Luxury EV Market: Sales Split by Age Group, Global, 2015
List of Charts
  • 1. Regional Analysis, EV Sales Percentage, 2014 and 2020
  • 2. Total Luxury EV Market: Market Penetration, NA and EU, 2014
  • 3. Total Luxury EV Market: Sales by OEM, Global, 2013–2020
  • 4. Total Luxury EV Market: Future Outlook, Global, 2014, 2017, and 2020
  • 5. Total Luxury EV Market: Top 3 Segments, Global, 2014, 2016, and 2020
  • 6. Total Luxury EV Market: Forecast by OEM by Region, Global, 2014–2020
  • 7. Total Luxury EV Market: Per cent of Unit Shipment by EV Type, Global, 2013–2020
  • 8. Total Luxury EV Market: Unit Shipment Forecast by Segment, Global, 2013–2020
  • 9. Total Luxury EV Market: Unit Shipment Forecast by Region, Global, 2013–2020
  • 10. Total Luxury EV Market: Market Forecast by OEM, Global, 2014, 2016, and 2020
  • 11. Total Luxury EV Market: Regional Analysis, NA and EU, 2014, 2016, and 2020
  • 12. Total Luxury EV Market: Age Group Comparison, Global, 2006–2014
  • 13. Total Luxury EV Market: Age Group Comparison, Global, 2012 and 2014
  • 14. EV Sales by Region, BMW, 2013, 2016, and 2020
  • 15. Luxury EV Sales , BMW, 2013, 2016, and 2020
  • 16. EV Sales by Region, Daimler, 2013, 2016, and 2020
  • 17. Luxury EV Sales, Daimler, 2013, 2016, and 2020
  • 18. EV Sales by Region, Tesla, 2013, 2016, and 2020
  • 19. Luxury EV Sales, Tesla, 2013, 2016, and 2020
  • 20. EV Sales by Region, Volvo, 2013, 2016, and 2020
  • 21. Luxury EV Sales, Volvo, 2013, 2016, and 2020
  • 22. EV Sales by Region, VW, 2013, 2016, and 2020
  • 23. Luxury EV Sales, VW, 2013, 2016, and 2020
Related Research

Research Overview

This Frost & Sullivan research service on the global luxury electric vehicle (EV) market provides detailed market forecasts, drivers and restraints as well as market shares and competitive analyses of participants from 2014 to 2020. It lists the geographic markets to watch out for and offers a comparative study of various market participants. In this research, Frost & Sullivan's expert analysts thoroughly examine the following types of EVs:

Neighbourhood electric vehicle (NEV)

Battery electric vehicle (BEV)

Extended range electric vehicle (eREV)

Plug-in hybrid electric vehicle (PHEV)

Market Overview

Stringent emission norms and focus on sustainable mobility drive luxury EV sales

As governments across the world tighten emission norms, EVs are expected to be part of their sustainable mobility strategy, with higher incentives and subsidies being offered to vehicle owners. China and Japan will have the highest number of new EV registrations by 2017-2018 owing to strong government support and increasing foreign investments. The uptake of high-priced luxury EVs will, however, be low in these countries. Europe and North America, on the other hand, will lead the global luxury EV market in sales until 2020 due to higher disposable income and the availability of EV infrastructure in these regions. The growing importance given to style, power and advanced telematics will continue to fuel the demand for luxury EVs. Luxury original equipment manufacturers' (OEMs') focus on next-generation smart mobility technology such as autonomous driving, air gesture recognition, personal voice assistance and retina recognition will also boost sales.

On the flip side, the number of electric cars is multiplying much faster than the number of charging stations, compelling OEMs to look for viable alternatives to solve this problem. Daimler and the BMW Group, for instance, have signed an agreement on the joint development and implementation of a standardised technology for inductive charging of electric cars and plug-in hybrid vehicles. OEMs are also working together on R&D to develop better battery technologies for luxury EVs.

More Information
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Table of Contents | Executive Summary~ || Future of Luxury Electric Vehicles( EV) Customers, Global, 2010–2025~ || Top 3 Segments for Luxury EVs~ || Key Attributes Influencing the Adoption of Luxury EVs~ ||| Total Luxury EV Market: Attributes Influencing Customer Adoption, Global, 2014–2022~ || Luxury EV Price Versus Range Analysis~ || Expected Launch of Inductive Charging, EU, Japan, and US, 2015–2018~ || Impact of Electric Racing Technology on EV Development, Global, 2014~ || Top 3 Luxury EV OEMs~ ||| Total Luxury EV Market: OEM Overview, Global, 2014~ | Research Methodology~ || Research Scope~ ||| Base Year~ ||| Study Period~ ||| Forecast Period~ ||| Vehicle Type~ ||| Geographic Scope~ || Research Aims and Objectives~ || Research Background~ || Research Methodology~ ||| Secondary Research~ ||| Primary Research~ ||| Total Luxury EV Market: Key Participants, Global, 2010–2020~ |||| BMW~ |||| Lexus~ |||| Audi AG~ |||| Geely Auto~ |||| Others~ | Definitions and Segmentation~ || EV Segmentation~ ||| EV Market: Classification of PHEVs and EVs, Global, 2014~ |||| Neighbourhood Electric Vehicles (NEVs)~ |||| Battery Electric Vehicles (BEVs)~ |||| Extended Range Electric Vehicles (eREVs)~ |||| Plug-in Hybrid Electric Vehicles (PHEVs)~ || Electric Propulsion Technology~ ||| EV Market: Vehicle Segment Definitions, Global, 2014~ || Key Differentiators of Luxury EVs~ || Vehicle Segment Definitions, Global, 2014~ | Mega Trends Driving the Luxury EV Market: Trend Analysis—Current to 2020~ || Key Mega Trends that will Impact the Luxury EV Market~ || Health, Wellness, and Well-being, Global, 2000–2016~ || Smart Mobility Technology, Global, 2000–2016~ || Future Brand Differentiators, Global, 2010–2025~ || How Luxury Cars will be Defined in Future, Global, 2010–2025~ | Luxury EV Market Overview—The Road to 2020~ || Luxury EV Forecast by OEM~ || Luxury EV Forecast by EV Type~ || Segment Forecasting and Analysis~ || Regional Forecasting and Analysis~ || Market Forecasting—By OEM~ || Comparative Analysis of the Luxury Market by Market Share~ || Luxury Features of the Top 3EV OEMs, Global, 2014~ || Top 3 Purchase Experiences by Luxury OEMs,Global, 2014~ || Competitor Positioning~ || Comparative Analysis of Luxury EVs by Segment~ || PHEV and BEV Model Launch Roadmap of Key OEMs—Europe and North America~ || Public Response to Subsidies for Luxury EVs~ || Analysis by Region by Global Net Worth~ ||| Total Luxury EV Market: Regional Analysis, Global, 2014~ |||| Europe~ |||| North America~ |||| South America~ |||| Asia Pacific~ | Charging Infrastructure~ || Charging Infrastructure for Luxury EVs~ ||| Total Luxury EV Market: Classification of Charging Infrastructure, NA, 2014~ || EV Charging Overview—Europe~ || DC Charging Plug and Connector Type~ ||| Total Luxury EV Market: Specification of Plug Type for DC Charging, NA, 2014~ || CCS~ ||| Total Luxury EV Market: Classification of CCS, EU and US, 2014~ || Inductive Charging for Luxury EVs~ ||| Total Luxury EV Market: Partnership Agreement between BMW and Daimler, 2014~ || Existing Charging Infrastructure~ || Existing AC Charging Points—Level 1 and Level 2~ | Demographic Analysis of Future Luxury EV Customers~ || Attractive Attributes for Future Luxury Customers~ ||| Total Luxury EV Market: Customer Value Set, Global, 2025~ || Age Group Comparison~ || Comparison of 18-35 Year Olds~ || Target Demographic for the Luxury EV Market~ || Purchase Trends, EU and NA, 2014–2020~ || Key Conclusions from the Luxury Customer Trend Analysis, Global, 2014~ | OEM Philosophy in Terms of the Luxury EV Market~ || BMW’s EV Philosophy~ || Daimler’s EV Philosophy~ || Tesla’s EV Philosophy~ || Volvo’s EV Philosophy~ || VW’s EV Philosophy~ || Tata Motors’ EV Philosophy~ | Conclusions and Future Outlook~ || Opportunity Analysis~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Definitions~ || Comparative Analysis of Incentives by Region~ || The Future of Alternative Fuels, Global, 2015~ | The Frost & Sullivan Story The Journey to Visionary Innovation~
List of Charts and Figures 1. Total Luxury EV Market: Price Versus Range, EU and NA, 2014~ 2. Total Luxury EV Market: Attraction to Incentives, EU, Japan, and US, 2014~ 3. Total Luxury EV Market: Existing Charging Infrastructure, EU, 2014~ 4. Total Luxury EV Market: Existing AC Charging Points, US, 2014~ 5. Total Luxury EV Market: Sales Split by Age Group, Global, 2015~| 1. Regional Analysis, EV Sales Percentage, 2014 and 2020~ 2. Total Luxury EV Market: Market Penetration, NA and EU, 2014~ 3. Total Luxury EV Market: Sales by OEM, Global, 2013–2020~ 4. Total Luxury EV Market: Future Outlook, Global, 2014, 2017, and 2020~ 5. Total Luxury EV Market: Top 3 Segments, Global, 2014, 2016, and 2020~ 6. Total Luxury EV Market: Forecast by OEM by Region, Global, 2014–2020~ 7. Total Luxury EV Market: Per cent of Unit Shipment by EV Type, Global, 2013–2020~ 8. Total Luxury EV Market: Unit Shipment Forecast by Segment, Global, 2013–2020~ 9. Total Luxury EV Market: Unit Shipment Forecast by Region, Global, 2013–2020~ 10. Total Luxury EV Market: Market Forecast by OEM, Global, 2014, 2016, and 2020~ 11. Total Luxury EV Market: Regional Analysis, NA and EU, 2014, 2016, and 2020~ 12. Total Luxury EV Market: Age Group Comparison, Global, 2006–2014~ 13. Total Luxury EV Market: Age Group Comparison, Global, 2012 and 2014~ 14. EV Sales by Region, BMW, 2013, 2016, and 2020~ 15. Luxury EV Sales , BMW, 2013, 2016, and 2020~ 16. EV Sales by Region, Daimler, 2013, 2016, and 2020~ 17. Luxury EV Sales, Daimler, 2013, 2016, and 2020~ 18. EV Sales by Region, Tesla, 2013, 2016, and 2020~ 19. Luxury EV Sales, Tesla, 2013, 2016, and 2020~ 20. EV Sales by Region, Volvo, 2013, 2016, and 2020~ 21. Luxury EV Sales, Volvo, 2013, 2016, and 2020~ 22. EV Sales by Region, VW, 2013, 2016, and 2020~ 23. Luxury EV Sales, VW, 2013, 2016, and 2020~
Author Jovan Jacob
Industries Automotive
WIP Number MB40-01-00-00-00
Is Prebook No
GPS Codes 9673-A6,9800-A6,9807-A6,9813-A6,9882-A6,9AF6-A6