Electric Vehicles Update - Luxury Auto Sector Accelerates With Eco-Friendly Innovations
The luxury electric vehicles (EV) market is on a rapid growth trajectory, with forecasts indicating a surge in market value from USD 202.3 billion in 2025 to USD 1.04 trillion by 2034, achieving a compound annual growth rate (CAGR) of 20.0%. This expansion is driven by a fusion of environmental consciousness and advanced technology, as premium automakers like Mercedes-Benz, BMW, and Tesla lead the charge in offering high-performance, eco-friendly models. Key markets in China, the U.S., and...