Home > Automotive > Mobility > Electric Vehicles > Electric Classic Car Market

Electric Classic Car Market Trends

Report ID: GMI7980
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Electric Classic Car Market Trends

Increased availability of conversion kits could be an emerging trend in the electric classic car industry. Companies may start offering kits that include pre-configured electric drivetrains, batteries, and associated components designed to fit various classic car models. This approach could make the conversion process more accessible and affordable for classic car enthusiasts, fostering broader adoption of electric power in vintage vehicles.

Quoting an instance, in May 2023, Electrogenic introduced a drop-in kit tailored for classic Mini enthusiasts seeking an electric conversion. Priced at £15k (plus VAT and installation costs), the 60bhp/100 lb-ft system promises cost-effective electrification, preserving the original car's nimble and responsive character. The kit, fully assembled within a replacement front subframe, includes pre-mounted 20kWh batteries. With an anticipated 80-mile range, Electrogenic plans to offer an extended range option. Installation involves bolting in the assembly wiring the throttle and dashboard and may cost around £20k in total, providing an attractive alternative to full resto-mod projects.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric classic cars crossed USD 205.4 million in revenue in 2023 and is poised to expand at over 10% CAGR from 2024 to 2032, propelled by the increasing need for seamlessly blending automotive history with sustainable technology.

Closed electric classic cars segment held more than 57% of the market share in 2023, owing to the global shift toward sustainable practices.

North America accounted for more than 37% of the market share in 2023, attributed to the stringent emissions regulations.

Some of the top electric classic car firms are CD Automotive Design, Electric Classic Cars, Electrogenic, Everrati, Ford Motor Company, Ghost Garage, London Electric Cars, Lunaz Design, Sebring Works, Suzhou Lexsong Co., Ltd., Zelectric Motors LLC, and Zero Labs Automotive.