Hyper Car Market Buoyant

The hypercar market was valued at $45.2 billion in 2022 and projected to reach $105 billion in 2032.

The design, aerodynamic and significant weight-saving are playing a major part in this dynamic market.

Hypercars currently represent the very top tier of supercars. They have gained significant traction in the last few years, with an upward trajectory anticipated.

Interestingly, the industry is expanding due to an increased demand for hypercars powered with Internal Combustion Engines.

It is no secret that Porsche, Ferrari, Lamborghini, and others have been pushing for an extension of the 2030 deadline.

In March of this year, the EU lifted plans to exempt cars that run on e-fuels from the European Union’s planned 2035 phase-out of new combustion engine vehicles.

They will give the luxury carmaker greater freedom on its power systems.

The European Union and Germany have reached a deal allowing new cars powered by combustion engines (ICE) to sell beyond the 2035 deadline.

The only condition is as long as they run on carbon-neutral e-fuels.

Oliver Blume of Porsche, referring to their most iconic car, the Porsche 911, ‘would never be electric’.

A significant kudos is attached to the internal combustion engines’ emotional stimulation.

Although the rules apply to Europe, a recent poll carried out by Close Brothers found that 85% of UK motor dealers questioned don’t believe the 2030 ban will go ahead.

As of  20 September, Rishi Sunak has confirmed the ‘shunt back’ of the deadline. This announcement is sure to get a mixed reaction.

Whatever the bureaucratic outcome, the future of the hypercar seems far from over.