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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

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Luxury EV Market to Reach USD 463.27 Billion by 2030, Driven by Demand for Premium Sustainable Mobility and Tech-Led Offerings – Mordor Intelligence

By: Press Release Distribution Service

Mordor Intelligence has published a new report on the Luxury EV Market offering a comprehensive analysis of trends, growth drivers, and future projections

Hyderabad, Telangana, India, August 5, 2025 -- Introduction 

According to a 2025 report on the Luxury EV Market by Mordor Intelligence, the global luxury electric vehicle market is expected to grow from USD 219.31 billion in 2025 to USD 463.27 billion by 2030, registering a CAGR of 16.13% during the forecast period. The market is gaining momentum due to increasing customer demand for high-end electric mobility, improvements in EV range and performance, and competitive expansions by major automotive players. 

The luxury electric vehicle (EV) market represents a fast-growing segment within the global automotive industry, where premium design, advanced technology, and electric powertrains converge to meet evolving consumer demands. High-net-worth buyers are increasingly shifting toward luxury EVs as they seek environmentally conscious alternatives without compromising on performance, comfort, or aesthetics 

Get More Insights: https://www.mordorintelligence.com/industry-reports/luxury-ev-market?utm_source=marketersmedia 

Key Market Trends in the Luxury EV Market 

Strong Shift Toward Electrification in Luxury Lineups 

Leading automakers like BMW, Mercedes-Benz, Audi, and Porsche are steadily phasing out internal combustion engines from their luxury offerings and introducing dedicated EV models under sub-brands such as EQ (Mercedes) and i-Series (BMW). 

Increased Consumer Demand for Sustainable Luxury 

Environmentally conscious affluent buyers are fueling demand for zero-emission vehicles that deliver luxury-level features, contributing to the global push toward decarbonization in mobility. 

Growing Popularity of Electric SUVs in the Luxury Segment 

The SUV format remains dominant in luxury EV adoption, combining space, performance, and prestige. Models like the BMW iX, Audi Q8 e-tron, and Mercedes-Benz EQS SUV have gained strong traction globally. 

Focus on Extended Range and High Performance 

Battery advancements and engineering improvements are enabling luxury EVs to deliver longer ranges often exceeding 500 km on a single charge alongside quick acceleration and high-speed capabilities. 

Enhanced In-Car Technology and Digital Experiences 

From AI-enabled driver assistance to immersive infotainment systems and over-the-air software updates, luxury EVs offer technology-centric experiences that appeal to tech-savvy consumers. 

Emergence of New High-End EV Brands 

Companies like Lucid Motors and Rivian are entering the luxury EV space with purpose-built electric platforms, targeting buyers looking for exclusivity and performance in a sustainable package. 

Market Segmentation 

By Vehicle Type 

  • Passenger Cars: These form the largest share of the luxury EV market, offering personalized, premium electric mobility for individual consumers, with options ranging from sedans to SUVs. 
  • Commercial Vehicles: Includes luxury electric vans, shuttles, and executive transport vehicles used by hotels, corporations, and high-end ride-hailing services. 

By Propulsion 

  • Battery Electric Vehicles (BEV): Fully electric vehicles powered solely by batteries. BEVs dominate the luxury EV space due to their zero-emission performance and rapidly improving range. 
  • Plug-in Hybrid Electric Vehicles (PHEV): These combine a traditional engine with an electric motor and can run on electric power for shorter ranges, offering flexibility for luxury buyers. 
  • Fuel-Cell Electric Vehicles (FCEV): A smaller segment using hydrogen fuel cells. Though limited in availability, FCEVs are gaining attention for their quick refueling and long-range potential in the premium segment. 

By Price Tier 

  • USD 80k – USD 149k: Entry-level for luxury EVs; includes many performance sedans and mid-range SUVs offering a blend of features and affordability. 
  • USD 150k – USD 299k: Mid-tier luxury EVs often include advanced performance capabilities, premium interiors, and extended range. 
  • USD 300k – USD 499k: High-performance vehicles and luxury EVs with bespoke features, limited editions, and advanced tech packages fall under this price bracket. 
  • USD 500k and Above: Ultra-luxury segment featuring exclusive, handcrafted, or hyper-performance electric models from niche and legacy manufacturers. 

By Body Style 

  • Coupe: Sleek, sporty two-door models offering performance-driven luxury and unique styling, targeted at enthusiasts. 
  • Convertible: Luxury EVs with open-top designs, focusing on premium leisure experiences and aesthetic appeal. 
  • SUV/Crossover: The fastest-growing body style in the luxury EV market, offering a blend of spaciousness, comfort, and performance. 
  • Sedan: Classic luxury electric vehicles designed for comfort and executive appeal, often featuring extended driving ranges. 

By Ownership Model 

  • Individual Retail: Traditional ownership by private buyers who purchase the vehicle outright or through financing. 
  • Subscription/Leasing: A growing model allowing consumers to access luxury EVs through flexible monthly plans, reducing upfront cost and enhancing convenience. 
  • Corporate and Fleet: Includes luxury EVs used by businesses for executive fleets, chauffeur services, or as part of sustainability initiatives. 

By Geography 

  • North America: A key market driven by strong demand in the United States and growing presence of brands like Tesla, Lucid, and Rivian. 
  • South America: An emerging market with limited luxury EV adoption due to infrastructure and cost barriers but showing early signs of interest. 
  • Europe: A leading region in luxury EV penetration, with strong regulatory support, established premium automakers, and growing consumer acceptance. 

Major Players 

BMW AG 

BMW is a key player in the luxury EV market with its expanding i-Series lineup, including models like the i4, i7, and iX. The company emphasizes performance, design, and advanced driver-assistance features, with a clear strategy to electrify its premium offerings across global markets. 

Mercedes-Benz Group AG 

Mercedes-Benz has committed heavily to electric mobility through its EQ brand, offering luxury EVs such as the EQS, EQE, and EQB. Known for engineering excellence and premium interiors, the brand continues to scale its electrification roadmap with a strong focus on luxury and sustainability. 

Tesla Inc. 

Tesla is a leader in the global luxury EV space, known for its high-performance models like the Model S and Model X. The company stands out for its software-driven features, extensive Supercharger network, and first-mover advantage in electric mobility. 

BYD Co. Ltd 

China-based BYD has made significant strides in the premium electric vehicle market, especially with its high-end models under the Denza brand. The company is expanding into global markets and offering luxury EVs with competitive pricing and strong battery capabilities. 

Volkswagen AG 

Volkswagen, through its Audi and Porsche subsidiaries, plays a central role in the luxury EV segment. Audi's e-tron series and Porsche’s Taycan have gained strong traction, supporting the group’s long-term electrification and premium mobility strategy. 

Conclusion 

The luxury EV market is undergoing a significant phase of expansion as premium consumers increasingly prioritize sustainability, performance, and digital experiences in their vehicle choices. With the market projected to reach USD 583.74 billion by 2030, major automakers are investing heavily to transition their luxury lineups toward electrification.

さらに詳しい情報を得るには: https://www.mordorintelligence.com/ja/industry-reports/luxury-ev-market?utm_source=marketersmedia 

Industry Related Reports 

Europe Automotive High-Performance Electric Vehicles Market: The Europe Automotive High-Performance Electric Vehicles Market is segmented by drive type (battery electric vehicles and plug-in hybrid electric vehicles), vehicle type (passenger cars and commercial vehicles), and country (Germany, United Kingdom, Italy, France, the Netherlands, Spain, and Norway). 

Get More Insights: https://www.mordorintelligence.com/industry-reports/europe-automotive-high-performance-electric-vehicles-market?utm_source=marketersmedia 

 Europe Luxury Car Market: The European Luxury Cars Market is segmented by vehicle type (hatchback, sedan, sport utility vehicle, and multi-purpose vehicle), drive type (internal combustion engine and electric), and country (Germany, United Kingdom, France, Spain, Italy, Russia, Netherlands, Denmark, Sweden, Belgium, Switzerland, and the rest of Europe). The report includes five years of historical data along with five-year market forecasts. 

Get More Insights: https://www.mordorintelligence.com/industry-reports/europe-luxury-car-market?utm_source=marketersmedia 

 Automotive High Performance Electric Vehicles Market: The Automotive High-Performance EVs Market is segmented by drive type (battery electric and plug-in hybrid electric), vehicle type (passenger cars and commercial vehicles), motor type (permanent-magnet synchronous, induction, and others), battery chemistry (lithium-ion—NMC/NCA and others), powertrain architecture (single-motor RWD and others), and geography. Market forecasts are presented in terms of value (USD). 

Get More insights: https://www.mordorintelligence.com/industry-reports/automotive-high-performance-electric-vehicles-market?utm_source=marketersmedia 

About the company: Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics. For any inquiries or to access the full report, please contact: media@mordorintelligence.com https://www.mordorintelligence.com/

Contact Info:
Name: Jignesh Thakkar
Email: Send Email
Organization: Mordor Intelligence
Address: Hyderabad
Phone: +1 617-765-2493
Website: https://www.mordorintelligence.com/

Release ID: 89166473

Should there be any problems, inaccuracies, or doubts arising from the content provided in this press release that require attention or if a press release needs to be taken down, we urge you to notify us immediately by contacting error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our efficient team will promptly address your concerns within 8 hours, taking necessary steps to rectify identified issues or assist with the removal process. Providing accurate and dependable information is central to our commitment.

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