The Future of the Luxury Electric Vehicle Market

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

USD 4,950

* Required Fields

USD 4,950


Be the first to review this product

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

1. 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
2. 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
Audi AG
Geely Auto
3. 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
4. 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
5. 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
North America
South America
Asia Pacific
6. 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
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
7. 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
8. 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
9. Conclusions and Future Outlook
Opportunity Analysis
The Last Word—3 Big Predictions
Legal Disclaimer
10. Appendix
Comparative Analysis of Incentives by Region
The Future of Alternative Fuels, Global, 2015
11. The Frost & Sullivan Story The Journey to Visionary Innovation

List of Figures & Charts

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




Why Frost & Sullivan

Working with the CEO’s growth team to create a vision based on a transformation growth strategy

Creating content-based digital marketing strategies that leverage our research perspective to differentiate and “tell your story”

Tracking over 1000 emerging technologies and analyzing the impact by industry and application to reveal the companies to watch in each sector

The Frost & Sullivan team is based in our 45 global offices and have developed a powerful global understandings of how industries operate on a global level.