• The EV Market May Be Too Crowded for Electric Supercars to Flourish

Koenigsegg’s boss sees the electric hypercar segment as bland compared to the brutally powerful Model S and Taycan

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The automotive world is experiencing the most significant challenge of all time: the transition from internal-combustion engines to fully electric or hybrid power. While the latter is a temporary solution, most automakers have chosen to go all-electric by the decade’s end. Koenigsegg is one of the niche hypercar brands that has adopted electrification by manufacturing PHEVs but has no plans for fully electric hypercars, as more mainstream EV car companies are already offering excellent performance for a much lower price.

The EV Market May Be Too Crowded for Electric Supercars to Flourish
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Koenigsegg’s latest PHEV, the Gemera 2+2 coupe, is yet to go into production but deliveries should start by the end of 2023. The hybrid coupe produces 1,727 horsepower combined from a 2.0-liter twin-turbo three-pot and three electric motors. If a PHEV can be made this powerful, imagine what a fully electric hypercar from Koenigsegg would do. Unexpectedly, however, that won’t be the case as long as Christian von Koenigsegg believes that hyper EVs don’t “have a reason to exist.”

The EV Market May Be Too Crowded for Electric Supercars to Flourish
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A report from TopGear suggests that the Koenigsegg boss finds it challenging to make a fully electric hypercar in a world where EVs that are one-tenth of the price of a hypercar offer similar, if not more, oomph. Koenigsegg himself stated that “there are ways. I don’t think anyone has yet nailed the massive differentiation from a Tesla Model S Plaid or Porsche Taycan Turbo. I think they are so close in performance and range to a hyper-EV that it’s a bit discomforting.” The current Tesla Model S Plaid’s tri-electric motors produce 1,020 horsepower and is priced at about $138,000. Meanwhile, the Lucid Air Dream Edition Performance has a combined power output rating of 1,111 ponies.

The EV Market May Be Too Crowded for Electric Supercars to Flourish
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Koenigsegg is confident about his company’s progress in developing battery, inverter, and e-motors in reference to the Gemera. However, he thinks that it isn’t enough. He pointed out that “it doesn’t make a super big difference if you’re 20kg (44 pounds) lighter on your e-motor and inverters. That helps, but it doesn’t make a huge difference. It’s difficult to do, and you should do it if you can, but that’s only ten percent of what I’m thinking needs to be different.”

The EV Market May Be Too Crowded for Electric Supercars to Flourish
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Electric hypercars must evolve and offer something that no one can to justify the enormous seven-figure price tag. That is what the boss of the Swedish hypercar manufacturing company thinks. So it is evident that Koenigsegg is not willing to shift to fully electric powertrains - at least not yet. But maybe the correct technology and mind-boggling power, in addition to reduced weight, will make the hypercar brand adopt electrification later on down the road.

Source: TopGear

Amreetam Basu
Amreetam Basu
Automotive Journalist
After working predominantly as a freelancer at CarHP/CarIndigo, Amreetam joined the TopSpeed team as a journalist in September 2021. In a world where SUVs are booming, he favors sedans and adores BMWs and Mercedes, with a special spot for Lexus and Genesis. He is currently pursuing Master of Arts in History and is 23 years old.  Read full bio
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