Europe Automotive High Performance Electric Vehicles Market Share

Market Share of Europe Automotive High Performance Electric Vehicles Industry

The European automotive high-performance electric vehicles market is moderately consolidated and highly competitive with the presence of players such as BMW Group, Daimler AG, and Volkswagen AG, amongst others. Companies are launching new models and investing in R&D projects to provide the best technology to electric vehicle customers. Along with that, governments are also actively reforming their laws to increase the adoption of electric vehicles. For instance,

• In June 2023, as part of the Escalate Project, Electra Commercial Vehicles received funding from the European Horizon 2022 framework to develop a long-haul 40-tonne temperature-controlled drawbar battery electric vehicle. The truck will be built on an Electras eStar LEM27-350 chassis, with a drawbar trailer that includes energy-efficient electrically powered refrigerated systems, high-performance insulated box bodies with tail lifts, and the latest technology in lightweight, low-profile solar panels to help maximize range.
• In September 2022, Mercedes-Benz Trucks stated that real-world testing of its battery-electric heavy-duty long-distance vehicle will begin soon. Amazon and Rhenus plan to put the eActros LongHaul through its paces as early as 2023. Mercedes-Benz Trucks signed a letter of intent with both firms. The series will begin production in 2024.

Hence, the developments above are expected to drive the automotive high-performance electric vehicle market.

Europe Automotive High Performance EV Market Leaders

1. Telsa Inc.

2. Volkswagen AG

3. Daimler AG

4. Ford Motor Company

5. BMW Group

*Disclaimer: Major Players sorted in no particular order