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Luxury Electric Vehicles Global Market Report 2023 - By Market Size, Expected Growth Rate, Key Trends And Outlook For 2032
Luxury Electric Vehicles
The Business Research Company's Luxury Electric Vehicles Global Market Report 2023 identifies implementation of environmental safety standards and regulations as the major driver for the Luxury Electric Vehicles market's growth in the forecast period. The environmental, health, and safety regulations include details on environmental, health, and safety problems that might be pertinent to all business sectors. The implementation of environmental safety standards and regulations aids in minimizing greenhouse gas emissions and adopting the electrification of vehicles.
The global luxury electric vehicles market is expected to grow from $149.13 billion in 2022 to $178 billion in 2023 at a compound annual growth rate (CAGR) of 19.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global luxury electric vehicles is expected to reach $345.51 billion in 2027 at a CAGR of 18%.
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Major competitors in the Luxury Electric Vehicles market are Toyota Motor Corporation, Mercedes-Benz, Bayerische Motoren Werke AG, Ford Motor Company, Volkswagen AG.
A key trend in the Luxury Electric Vehicles market includes product innovation. Major companies operating in the luxury electric vehicle market are focused on developing innovative products to strengthen their position in the market. For instance, in June 2023, AB Volvo, a Sweden-based manufacturer of luxury cars, trucks, buses, and construction equipment, launched t EX30 fully electric small SUV. It has the twin motor performance option, which combines the NMC battery with a second e-motor. This EX30 all-wheel drive model produces 315kW (428hp), accelerating from 0 to 100 km/h in 3.6 seconds. It includes an updated version of the Volvo Park Pilot Assist tool. It can manage all parking spots, including parallel, curved, perpendicular, and diagonal fishbone-style spaces.
Read More On The Global Luxury Electric Vehicles Market Report Here: https://www.thebusinessresearchcompany.com/report/luxury-electric-vehicles-global-market-report
The Luxury Electric Vehicles market is segmented -
• By Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicles (PHEVs), Fuel Cell Electric Vehicles (FCEVs), Hybrid
• By Battery Type: Lead-Acid, Lithium-Ion
• By Range: High-End Luxury, Mid-Range Luxury
• By Vehicle Type: Cars, Buses, Vans, Trucks
• By Application: Personal, Government
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Luxury Electric Vehicles market.
The Business Research Company's "Global Luxury Electric Vehicles Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Luxury Electric Vehicles Market Include:
1. Executive Summary
2. Luxury Electric Vehicles Market Characteristics
3. Luxury Electric Vehicles Market Trends And Strategies
4. Luxury Electric Vehicles Market - Macro Economic Scenario
6. Luxury Electric Vehicles Market Segmentation
.................
32. Global Luxury Electric Vehicles Market Competitive Benchmarking
33. Global Luxury Electric Vehicles Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Luxury Electric Vehicles Market
35. Luxury Electric Vehicles Market Future Outlook and Potential Analysis
36. Appendix
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