A cruise ship or cruise line is now a luxury product, and as technology evolves, manufacturers have to start making more of it.
That means a new generation of electric appliances needs to start coming out on the shelves.
And as the world of luxury becomes ever more electric, it’s important to start thinking about the future.
“Electric vehicles are going to become the norm for the rest of the transportation system,” says John Lefebvre, chief operating officer at Luxury Brand Advisors, a luxury consulting firm.
“We are going through a transition to where you’re going to see more and more electric vehicles in the marketplace.”
Lefefebre says the luxury car market is a huge opportunity.
“It’s a really big market,” he says.
“The automotive market is going to get even bigger.
“So people are looking for alternatives.” “
And the biggest one is electric vehicles. “
So people are looking for alternatives.”
And the biggest one is electric vehicles.
The market for electric vehicles is estimated to grow to about 3.5 million units in 2020, according to Edmunds.
That number is expected to double in the next five years, according a report from the National Automobile Dealers Association.
In the U.S., the market is estimated at 7.6 million units, and in Europe, that number is even higher at 15.6.
Demand for electric cars is outpacing supply.
According to Luxury Brands, the total number of plug-in electric cars sold in the U: 7,500 in 2017.
That’s nearly 40% more than the 6,000 cars sold last year.
“For the past five years there has been a huge growth in the market,” says David W. Weltman, senior vice president of consumer insights at Edmunds, “but there’s a massive plateau.
The demand is there.”
So how will the demand for electric vehicle sales plateau?
That’s where electric vehicle manufacturers come in.
Luxury brands like Porsche, Audi, BMW and Mercedes are all racing to produce a higher volume of electric vehicles than they did in 2015.
But in 2018, the trend could be reversed.
“Demand is going up,” says Lefevre.
“That’s a big shift.”
In 2020, Porsche sold about 17,000 electric vehicles, but in 2018 that number will be about 14,000, he says, due to the growth of the plug-ins.
Volkswagen is also seeing interest in electric vehicles from its customers, and is currently in the process of introducing the first new electric car on the market since the end of 2017, the Golf GTI.
In Europe, BMW sold a total of 1,000 plug-ups in 2018.
But Lefegre says that demand for EVs in Europe is going way down, compared to the U and China.
“If you look at the number in China, that’s only up by one percent,” he explains.
“There’s more demand for plug-Ins in Europe.”
“But in Europe,” Lefefe continues, “there’s still a lot of demand.”
The reason for the decline in demand in Europe?
“We have a lot more electric cars,” he tells EW.
“In Europe, we are still having a huge impact.
In China, there’s more plug-In vehicles than ever before.
“And that plateau is a big thing.” “
The problem is that for electric car owners, the price has gone up. “
And that plateau is a big thing.”
The problem is that for electric car owners, the price has gone up.
“This is the biggest plateau of the last 30 years,” says Weltmann.
“Because of the surge in demand, you’ve got the prices going up, which is why the prices are going up.
So you’re paying more.”
And because of that, electric car prices are still a big concern.
“I think it’s really unfortunate because electric cars are the future of transportation,” says Paul D. Oates, president and chief executive officer of the National Motorists Association.
And I think that’s going to be a huge market for companies to tap into.” “
You’re getting a whole new generation that is going electric.
And I think that’s going to be a huge market for companies to tap into.”
For the plug in electric car, that means you’re still paying a lot.
But the cost of those vehicles are dropping, and they’re becoming more affordable.
For example, the Tesla Model S has a starting price of $70,000.
By 2020, that price will drop to $35,000—the same price as the Chevrolet Bolt, which costs $36,000 at time of publication.
And with the price drop, it will be possible to purchase an electric vehicle with less than $10,000 in monthly payments, as the Volt and Bolt are expected to start selling this summer. But while