Luxury Electric Vehicle Market - Top Companies and Manufacturers

  • Report ID: 6189
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Companies Dominating the Luxury Electric Vehicle Landscape

    The Luxury Electric Vehicle industry is mostly controlled by prominent market participants who are gaining influence in the market through the implementation of various methods, such as mergers and acquisitions.

    • Bayerische Motoren Werke AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Porsche
    • Tesla
    • 2024 Jaguar I-Pace
    • Lucid Motors
    • 2023 Mercedes-Benz EQS
    • BYD Auto
    • Hyundai Motor Company
    • Kia
    • Audi

Browse Key Market Insights with Data Illustration:

In the News

  • BMW Group (10.04.2024) - continues on BEV growth path: Milestone of one million fully-electric vehicles reached +++ BMW Group sales climb to 594,671 units in first quarter +++ Growth drivers: fully-electric vehicles and models from high-end premium segment +++ BMW brand: Global sales up +2.5%; deliveries of fully-electric vehicles increase by +40.6% +++ Higher BEV sales in all major regions of the world +++ Jochen Goller: “Delivery of one-millionth fully-electric vehicle confirms the attractiveness of our product portfolio.” +++
  • Porsche – announced, Macan is the official EV of the 2024 Met Gala. Selected gala guests are among the very first in the world to experience the new all-electric Macan as they ride to and from the event. In parallel, Porsche is working with Vogue to produce a branded content series entitled True Essence, with an episode featuring Catherine Holstein, Founder and Creative Director of Khaite. Together with Vogue, Porsche will showcase the new car in digital and print ads, in addition to publishing other branded content on Vogue’s owned and social channels.

Author Credits:  Saima Khursheed


  • Report ID: 6189
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of luxury electric vehicle is assessed at USD 260.34 billion.

The luxury electric vehicle market size was over USD 228.37 billion in 2024 and is projected to reach USD 1.85 trillion by 2037, growing at around 17.5% CAGR during the forecast period i.e., between 2025-2037. The market growth is due to increasing demand for environmentally favorable, economically efficient, and technologically advanced electric vehicles.

Asia Pacific industry is set to dominate majority revenue share of 62% by 2037, propelled by increasing region’s population and prevalence in buying luxury products for maintaining its lifestyle.

The major players in the market are Tesla, 2024 Jaguar I-Pace, Lucid Motors, 2023 Mercedes-Benz EQS, BYD Auto, Hyundai Motor Company, Kia, Audi, and others.
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