USD
GBP 
CNY 
EUR 
INR 
JPY 
MYR 
ZAR 
KRW 
THB 
The Future of the Luxury Electric Vehicle Market
Customer Demand for Luxury Electric Vehicle will Depend on the Product Ownership Experience
13-Aug-2015
North America
Market Research
MB40-01-00-00-00
AU01087-NA-MR_17205
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.
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
Speak directly with our analytics experts for tailored recommendations.
Recent related Automotive research
23 Oct 2026 | Global | Technology Research
Growth Opportunities in Vision Sensing, Automated Logistics, Drones, Batteries and RISC-V Cores
The Mobility Technology Opportunity Engine (TOE) covers innovations pertaining to Vision Sensing, Automated Logistics, Drones, Batteries and RISC-V Cores.The purpose of the Mobility Technology TOE is to raise awareness of global technology innovations in self-propelled ground-based mobile platforms ...
16 Oct 2026 | Global | Market Research
Via Transportation: Strategic Profile, Global, 2026
Via Transportation, Inc. (Via) is a leading business-to-business (B2B) transit software and tech-enabled operations company. The company’s platform serves five segments of the global demand-response transit (DRT) market: microtransit, paratransit, school transport, corporate/campus transport, and no...
15 Oct 2026 | Asia Pacific | Market Outlook
Automotive Market Opportunities, South Korea, 2026
This Frost & Sullivan report analyzes South Korea’s automotive market, focusing on passenger vehicles and light commercial vehicles.South Korea has built a fully integrated supply chain, covering everything from manufacturing to sales and aftermarket services. The entire business cycle is continuous...
15 Oct 2026 | Asia Pacific | Market Research
Replacement Turbocharger Aftermarket in Passenger and Light Commercial Vehicles, China, 2026–2032
This study provides a comprehensive assessment of the automotive turbocharger replacement aftermarket in China, with a 2025 base year and forecasts extending through 2032. The analysis covers the replacement market across passenger vehicles and light commercial vehicles, evaluating market size, unit...
13 Oct 2026 | North America | Frost Radar
Frost Radar™: Commercial Vehicle Telematics in North America, 2026
The North American commercial vehicle telematics market is moving from basic vehicle tracking and compliance to broader digital fleet management, creating a more competitive but also more diverse growth environment. Traditional telematics functions, such as GPS tracking, remain important, particular...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.