Porsche To Phase Out Gas-Powered Boxsters and Caymans by End of the Year

Summary
Porsche's belovedBoxsterandCaymanmodels, known for their engaging gas-powered engines, are indeed on their way out. Porsche is set to phase out gas-powered Boxsters and Caymans by the end of 2025, as they will disappear for good in the markets.
Production of the current gasoline-powered Boxster and Cayman models is slated to end by October 2025, with very limited inventory expected to last into early 2026 for markets like North America. Their discontinuation in Europe already occurred in mid-2024 due to new regulations.
The next generation of the 718 Boxster and Cayman was originally planned to be fully electric and debut in 2026. However, Porsche has now officially postponed their electric launch until at least 2027. The electric successors are facing some unexpected delays, which is primarily attributed to technical challenges related to battery development, particularly issues with a crucial battery supplier (reportedly Swedish manufacturer Northvolt, which faced bankruptcy).
Beyond battery supply, a slower-than-expected global adoption rate for electric vehicles has also reportedly factored into Porsche's revised strategy. This means that while the 718 line will eventually go all-electric, there will be a noticeable gap in Porsche's compact sports car lineup after the current models cease production. Porsche aims for these electric 718s to retain the spirit and driving dynamics of their combustion predecessors, built on a new PPE (Premium Platform Electric) platform and will offer both rear-wheel drive and more powerful all-wheel drive versions.

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21 hours ago

• Car and Driver

Tested: 2025 Audi Q6 e-tron EV Soothes, Lacks Swagger

Roundabouts have been sprouting up across America, including along the little countryside roads connecting Car and Driver's Ann Arbor home base to our 10Best evaluation loop. This mark of progress can rile some drivers, but Audi's Q6 e-tron uses its electric strengths to take the edge off that on-the-ground change. As we approached roundabouts and lifted off the accelerator, this compact electric SUV's regenerative braking reliably scrubbed off just the right amount of speed, letting us glide in easily and accelerate out briskly. Likewise, when approaching tighter curves or going downhill, the Q6 cranked up the regen and simply sailed through. EVs, like roundabouts, are something that makes a world of sense—and whether you love 'em, hate 'em, or land somewhere in between, they're increasingly part of the future. Porsche and Audi got a head start on the fast-charging 800-volt form with the Taycan and e-tron GT, respectively. Now, about five years later, the VW Group has transposed that tech for a broader market with the Audi Q6 and its PPE (Premium Platform Electric) fundamentals, which are shared with the Porsche Macan EV. View Exterior Photos Michael Simari | Car and Driver Those underlying bits help make the Q6 one of today's fastest-charging EVs. Audi says its battery can juice from 10 to 80 percent in as little as 21 minutes on a DC fast-charger, with a peak at 270 kilowatts. During testing, we saw a 35-minute charge from 10 to 90 percent with a peak of 264 kilowatts and an average of 129 kilowatts. That's a far quicker time than we've seen from the BMW iX, and it even beats the 800-volt Kia EV9 (which has about the same-size battery pack) by a couple of minutes. HIGHS: Road-trip-ready fast-charging, real-world range, impressive brakes and regen. Audi has suggested that NACS charging adapters are on the way this year, and when that time comes, the Q6 e-tron will be able to charge at rates of up to 135 kilowatts on Tesla's legacy V3 Superchargers, by splitting its 94-kWh battery pack into two 400-volt halves charged in parallel. To make charging more accessible, the Q6 e-tron has AC charge ports on both sides (with DC on the driver's side, as well, which works out nicely for Superchargers). In 75-mph highway driving, the Q6 e-tron went 250 miles, sailing 10 miles farther than an EV9 while carrying a battery with roughly the same capacity. And that was with our tester's optional 20-inch wheels (19s are standard), which bring a 295-mile EPA range rating. View Exterior Photos Michael Simari | Car and Driver Outside of the Q6 e-tron's excellent charging and range credentials, it's an EV to consider thanks to its overall comfort and easygoing drivability, including that context-sensitive regeneration that varies depending on hills, intersections, corners, and more. It incorporates inputs from long-range radar, the front camera, road-sign data, and navigation-system data for hills and curves. The Q6 e-tron defaults to that auto regen setting with each vehicle start, and given how well it worked for the commute, that's just fine. Coasting and two other levels of deeper regen can be tapped into with steering-wheel paddles, and there's a one-pedal B mode on the shift toggle that lets you gradually come to a stop without pressing the brake. View Interior Photos Michael Simari | Car and Driver Range, efficiency, charging, and the ease of the EV experience clearly distinguish the Q6 e-tron from the rest of the pack of electric luxury SUVs. But our other impressions weren't as decidedly positive. During our testing, editors found the Q6 e-tron to be competent but confoundingly plain. This, despite a pair of electric motors conferring a combined 456 horsepower. With soft suspension tuning and light steering, it doesn't feel like Audi made much of an attempt to dial athleticism into this 5440-pound SUV. Performance-minded drivers should look to the sportier SQ6 e-tron model or the electric Macan. That said, our test car's adaptive dampers and optional air springs make it feel more lithe on the back roads than it initially lets on. The Q6 is also appropriately quiet—except when the run-flat Bridgestone Alenza Sport A/S all-season tires are signaling their relatively low boundaries (we recorded a middling 0.86 g of skidpad grip but a reasonably hushed 68 decibels of noise inside at 70 mph). View Interior Photos Michael Simari | Car and Driver Thankfully, with all of that power underfoot, the Q6 is not poky in a straight line. It reaches 60 mph in 4.4 seconds, which is 0.2 second quicker than the 500-hp Cadillac Lyriq AWD, the same amount slower than the 402-hp Mercedes EQE500 4Matic SUV, and a half-second quicker than Audi's own claims. There's no wheelspin or drama when you unleash this Audi's launch-control function; it all happens in a very anticlimactic whoosh. One downside to the vaultlike interior: In real-world driving, the high level of insulation from the outside world makes it easy to achieve speeds higher than what you intend or what the local constabulary may approve of. But the well-blended brakes allowed precise control in parking lots and traffic, as well as a solid 169-foot stop from 70 mph. View Exterior Photos Michael Simari | Car and Driver The Audi Q6 e-tron is unmistakably an Audi, but is it unmistakably an EV? Does Audi want people to realize that from a few paces away? From first look, those questions amount to a puzzle that Audi enthusiasts will be able to put together, but this isn't a vehicle for Audi enthusiasts. In terms of profile, proportions, and contouring, Audi hasn't yet transformed the look of EVs like it proposed in its exciting "-sphere" concepts, nor has much creativity gone into interior space and design. The Q6 e-tron doesn't break the mold of the gas-burning Q5 much, although there is a two-cubic-foot frunk. LOWS: Quick, not sporty; anodyne proportions; Audi cabin swagger's gone missing. Though the cabin may not be revolutionary, it's not light on space. The interior feels tall and airy relative to other aero-styled electric SUVs, with supportive, well-bolstered seats, including uncompromised adult-size seat contouring for the rear outboard positions. View Interior Photos Michael Simari | Car and Driver However, the Q6 e-tron Quattro doesn't quite keep up with the cabin standards we expect in an Audi—especially one with this example's $76,790 as-tested price. Our test car's natural wood inlays add some character, particularly to the door panels, but it wasn't enough to offset a range of comments panning the ubiquitous piano-black dash and the cost-cutting look and feel of some materials. This Audi did deliver a luxury experience in terms of ride, comfort, and quiet. The top-spec Prestige trim's upgrades include acoustic front side glass and an adaptive air suspension that excelled in soaking up lumpy back-road surfaces and freeway expansion strips. It amounted to a silent and soothing in-cabin experience. Hopefully you can learn to ignore the Q6's synthetic propulsion sounds, which can't be disabled. View Interior Photos Michael Simari | Car and Driver The Prestige package also adds a panoramic sunroof, heated rear seats, a Bang & Olufsen sound system, a 10.9-inch front passenger touchscreen that allows video streaming, and an augmented-reality head-up display that's customizable but cluttered. Thankfully, Audi's AI-informed digital voice assistant was able to turn the HUD on or off with one simple request, which beats sifting through a legion of screen menus—Audi's infotainment didn't elicit much praise in our logbook. There's a deep trove of assistance features here as well: dynamic exterior lighting, remote- and cloud-based controls, an overzealous lane-keeping system that you'll probably want to turn off. The Lyriq, the iX, and the EQE SUV do not have 800-volt charging systems or anything close to the Q6 e-tron's fast-charging times. But each offers a distinctive cabin experience. View Exterior Photos Michael Simari | Car and Driver The Q6 e-tron represents a bet on a different kind of experience—one that's quick and soothing and respects that people want to spend less time charging. And, perhaps, less time on traffic-clogged roundabouts. VERDICT: The Q6 e-tron is loaded with tech and quietly primed for mainstream luxury, not four-ring enthusiasts. Specifications Specifications 2025 Audi Q6 e-tron Quattro Vehicle Type: front- and rear-motor, all-wheel-drive, 5-passenger, 4-door wagon PRICE Base/As Tested: $67,095/$76,790 Options: Prestige package (adaptive air suspension, adaptive cruise control and lane-keeping assist, acoustic front side windows, head- and taillight animations, head-up display with augmented-reality overlays, Bang & Olufsen audio system, cabin preconditioning, dynamic interaction lighting, heated steering wheel and outboard rear seats, headlight washers, LED headlights and interior lighting, 10.9-inch passenger display, panoramic sunroof, configurable daytime-running-light signatures, 360-degree camera system), $6800; Warm Weather package (manual rear side-window sunshades, ventilated front sport seats, front headrest speakers, Stone Grey birchwood inlays), $1300; 20-inch 5-spoke bi-color wheels with all-season tires, $1000; Glacier White Metallic paint, $595 POWERTRAIN Front Motor: induction AC, 188 hp, 203 lb-ft Rear Motor: permanent-magnet synchronous AC, 375 hp, 428 lb-ft Combined Power: 456 hp Battery Pack: liquid-cooled lithium-ion, 94 kWh Onboard Charger: 9.6 kW Peak DC Fast-Charge Rate: 270 kW Transmissions, F/R: direct-drive CHASSIS Suspension, F/R: multilink/multilink Brakes, F/R: 13.8-in vented disc/13.8-in vented disc Tires: Bridgestone Alenza Sport A/S RFT F: 255/50R-20 109H M+S REO R: 285/45R-20 112H M+S REO DIMENSIONS Wheelbase: 113.7 in Length: 187.8 in Width: 76.3 in Height: 66.6 in Passenger Volume, F/R: 52/47 ft3 Cargo Volume, Behind F/R: 60/30 ft3 Front Trunk Volume: 2 ft3 Curb Weight: 5440 lb C/D TEST RESULTS 60 mph: 4.4 sec 100 mph: 10.4 sec 1/4-Mile: 12.8 sec @ 111 mph 130 mph: 19.0 sec Results above omit 1-ft rollout of 0.3 sec. Rolling Start, 5–60 mph: 4.7 sec Top Gear, 30–50 mph: 1.8 sec Top Gear, 50–70 mph: 2.4 sec Top Speed (gov ltd): 130 mph Braking, 70–0 mph: 169 ft Braking, 100–0 mph: 346 ft Roadholding, 300-ft Skidpad: 0.86 g C/D FUEL ECONOMY AND CHARGING Observed: 94 MPGe 75-mph Highway Range: 250 mi Average DC Fast-Charge Rate, 10–90%: 129 kW DC Fast-Charge Time, 10–90%: 35 min EPA FUEL ECONOMY Combined/City/Highway: 95/102/89 MPGe Range: 295 mi C/D TESTING EXPLAINED

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21 hours ago

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6 SUVs That Will Have Massive Price Drops in the Summer of 2025

For SUV shoppers, summer 2025 will be the perfect time to find deep discounts, generous incentives and excellent financing on both electric and gas-powered models. Lauren Fix, automotive expert at Car Coach Reports, said this trend is being driven by inventory surpluses, shifting consumer preferences and new tariff policies that are forcing automakers to rethink pricing. Discover More: Try This: Recently, we've seen Ford offer aggressive discounting as the manufacturer prioritizes U.S. production and tries to clear dealer lots, per USA Today report. Electric vehicles and luxury SUVs are especially vulnerable, as demand softens and competition heats up in both the compact and high-end markets. According to Fix, buyers should expect discounts ranging from $3,000 to $15,000 off MSRP, especially if they shop in June or July and compare dealership offers. This summer's market conditions offer a rare chance to score a premium SUV at a much lower price. The Porsche Macan EV, which debuted with high expectations, is now facing sluggish demand and growing inventory at dealerships. According to Edmunds, the 2025 Macan Electric starts at $75,300, but dealers are already offering discounts of $10,000 to $15,000 to move unsold models. Motorauthority also reports that the new rear-wheel-drive base Macan EV is cheaper than last year's entry-level model, reflecting the pressure on Porsche to stay competitive. Buyers interested in a luxury electric SUV will find this summer an excellent time to negotiate a deal, especially as more affordable and updated EVs hit the market. Trending Now: The Alfa Romeo Stelvio, once a standout in the luxury SUV segment, is now among the fastest-depreciating vehicles in its class. 'The Stelvio's steep 67% depreciation makes it a bargain, with cuts up to $12,000 as dealers clear out inventory,' according to CarEdge. The site notes the Stelvio loses about 67% of its value within five years, with a five-year resale value of just $18,957. Shoppers looking for a European luxury SUV can expect some of the steepest price cuts on the Stelvio this summer, making it a bargain for those willing to accept higher long-term depreciation. The Chevrolet Blazer EV, another electric SUV facing stiff competition and slow sales, is likely to be heavily discounted in the coming months. 'Dealers are motivated to offer $5,000 to $10,000 off MSRP to move unsold Blazer EVs,' Fix said. As automakers deal with high inventory and tariff pressures, buyers should monitor dealership promotions and be ready to negotiate. This summer presents a unique chance to get a high-tech electric SUV at a substantial discount. Ford's Mustang Mach-E, a key player in the electric SUV market, is experiencing excess inventory and slow sales in 2025. 'Ford's Mustang Mach-E faces excess inventory, driving discounts of $5,000 to $10,000, especially on 2024 models,' Fix shared. Ford Authority reports that Ford has launched an employee pricing program for everyone, offering nationwide discounts on both 2024 and 2025 Mach-E models. These incentives, which can total $5,000 to $10,000 off MSRP, are available through July and include additional perks like complimentary home chargers. The Volvo XC90, a mainstay in the luxury SUV market, is expected to see significant price drops as dealers clear out older models ahead of a refresh. Car and Driver reports that the 2025 XC90 starts at $58,695, but local dealers are discounting current inventory by $7,000 to $12,000 to make room for the updated version. Buyers can expect additional incentives and low financing rates, especially on the outgoing model, making this summer a great time to buy a luxury SUV with a reputation for safety and reliability. The Ford Escape, a popular compact SUV, is also seeing major price reductions as the 2025 model year approaches. According to CarBuzz, the 2025 Escape is cheaper than the 2024 version, with price cuts starting at $1,395 on the base trim and up to $2,100 for the plug-in hybrid. Dealers are offering additional discounts of $3,000 to $6,000 to clear out remaining 2024 inventory, especially as demand for compact SUVs slows. Buyers interested in an affordable, fuel-efficient SUV will find the Escape especially attractive this summer, with deep discounts and incentives available. Editor's note: Photos are for representational purposes. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Warren Buffett: 10 Things Poor People Waste Money On 10 Cars That Outlast the Average Vehicle This article originally appeared on 6 SUVs That Will Have Massive Price Drops in the Summer of 2025

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a day ago

• Yahoo

Electric and Luxury Vehicle Market Outlook, Innovation, Demand Shifts and Market Leaders

Electric and Luxury Vehicle Market Overview 2025-2034 Luton, Bedfordshire, United Kingdom, June 19, 2025 (GLOBE NEWSWIRE) -- Electric and Luxury Vehicle Market Outlook: A Strategic Narrative to 2034 In the early decades of the 21st century, the automotive landscape has undergone a transformation more profound than anything witnessed since the birth of the internal combustion engine. Electric Vehicles (EVs)—once a fringe innovation confined to early adopters and environmentalists—are now the heartbeat of a global revolution. Simultaneously, luxury automakers are undergoing a metamorphosis of their own, integrating electrification with design, performance, and exclusivity to create the next generation of automotive icons. Download PDF Brochure: This story unfolds across intersecting dimensions: battery innovation, regional adoption, legacy brands, and evolving consumer identities. From the rise of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) to the reshaping of the luxury market by brands like Tesla, Porsche, Rolls-Royce, and Lucid, this is a story of mobility, prestige, and sustainability coalescing. 1. The Rise of Battery Electric Vehicles (BEVs) Battery Electric Vehicles (BEVs)—fully powered by electric motors and charged via external power sources—have become the linchpin of decarbonization strategies globally. As of 2024, the global BEV market stands at approximately $375 billion, and it is forecasted to exceed $1.2 trillion by 2034, reflecting a CAGR of 12.5%. Key Players: Tesla (Model 3, Model Y), BYD (Seal, Dolphin), Volkswagen (ID.4, ID.7), Hyundai (Ioniq 5, Ioniq 6), Kia (EV6), and newcomers like Rivian, Lucid Motors, and XPeng. Market Segmentation: Entry-level BEVs (e.g., Wuling Mini EV, Nissan Leaf) Mid-range BEVs (e.g., Tesla Model 3, Hyundai Ioniq 5) Premium BEVs (e.g., BMW i4, Polestar 2) Utility/Commercial BEVs (e.g., Rivian R1T, Ford F-150 Lightning) Driving Forces: Government incentives and zero-emission mandates Falling battery costs Expansion of charging infrastructure Growing environmental consciousness Download PDF Brochure: 2. Plug-in Hybrid Electric Vehicles (PHEVs): The Transition Bridge While BEVs often dominate headlines, Plug-in Hybrid Electric Vehicles (PHEVs) play a crucial transitional role. Combining internal combustion engines with electric motors, PHEVs appeal to drivers who desire electrification without range anxiety. As of 2024, the PHEV market is valued at $145 billion and is expected to reach $330 billion by 2034, growing at a CAGR of 8.6%. Key Players: Toyota (Prius Prime, RAV4 Prime), Volvo (XC90 Recharge), Mitsubishi (Outlander PHEV), Ford (Escape PHEV), BMW (530e, X5 xDrive45e), and Mercedes-Benz (C-Class PHEV). Market Segmentation: Urban plug-in sedans Luxury performance PHEVs SUV/crossover PHEVs Fleet and light commercial PHEVs Key Trends: Longer electric-only ranges (60+ km) Integration with smart energy grids PHEVs as fleet decarbonization tools Download PDF Brochure: 3. EV Adoption in Asia-Pacific: The Global Epicenter Asia-Pacific has emerged as the world's most dynamic EV market, led by government policy, battery innovation, and sheer consumer volume. By 2024, China alone accounted for 60% of global EV sales. The region's total EV market (BEVs + PHEVs) is valued at $420 billion, projected to surpass $1.3 trillion by 2034, registering a CAGR of 11.8%. Market Leaders: China: BYD, NIO, XPeng, Geely South Korea: Hyundai, Kia Japan: Toyota, Honda, Nissan Strategic Developments: China's 'NEV' policy targets 40% EV penetration by 2030 India's FAME II incentives accelerate EV two- and three-wheeler adoption Southeast Asia (Thailand, Vietnam) emerging as EV assembly hubs Key Market Segments: Mass-market compact BEVs Electric scooters and microcars Ride-hailing EV fleets High-speed EV rail-integrated urban mobility systems Download PDF Brochure: 4. The Evolution of Luxury Vehicles in a Sustainable Era Luxury has traditionally implied power, comfort, and prestige—but in the EV era, it increasingly denotes sustainability, connectivity, and personalization. From the swanky rear cabins of electric limousines to performance crossovers that outpace supercars, the luxury segment is redefining itself. 4.1 Ultra-Luxury Car Market: Prestige Recharged The ultra-luxury market—defined by names like Rolls-Royce, Bentley, and Maybach—is shifting from handcrafted combustion to battery-powered elegance. In 2024, this segment was valued at $48 billion, projected to reach $97 billion by 2034 at a CAGR of 7.3%. Key Developments: Rolls-Royce Spectre: The brand's first all-electric car, Spectre, launched in 2023 and has a 520 km WLTP range with hand-crafted luxury detailing. Bentley's Five-in-Five Strategy: Bentley is transitioning to an all-EV lineup by 2030, with its first EV launching in 2026. Mercedes-Maybach EQS SUV: Combines electric power with traditional opulence and launched in late 2024. Customer Profile: Ultra-high net worth individuals (UHNWIs) Luxury collectors and connoisseurs Sustainability-conscious elite buyers Download PDF Brochure: 4.2 Performance Luxury Cars Market: Electrified Speed Performance is no longer wedded to V8 engines. Electric drivetrains now offer acceleration and torque unimaginable in the ICE era. By 2024, the performance luxury segment is worth $120 billion, growing to $245 billion by 2034, at a CAGR of 7.5%. Top Players: Porsche (Taycan, Macan EV), Maserati (GranTurismo Folgore), Audi (RS e-tron GT), BMW (iX M60), Tesla (Model S Plaid), Lucid Motors (Air Sapphire). Emerging Trends: Use of dual- and tri-motor AWD systems Artificial sound synthesis (e.g., Porsche's E-sound) Track-ready EVs with adaptive suspension and torque vectoring In-cabin personalization and gaming integrations Buyer Base: Tech-savvy enthusiasts Performance-driven professionals Affluent millennials Download PDF Brochure: 5. The Rise of the Electric Luxury Vehicle Market The electric luxury vehicle market is where tradition meets transformation. It includes everything from executive sedans and crossovers to electric limousines and hyper-GTs. Valued at $185 billion in 2024, this market is projected to soar to $530 billion by 2034, expanding at a CAGR of 11.1%. Dominant Players: Tesla (Model X, Model S Plaid) Lucid Motors (Air, Gravity SUV) BMW (i7, iX) Mercedes-Benz (EQS, EQE) Audi (Q8 e-tron, A6 e-tron) Technology Trends: Level 3 autonomous capabilities Augmented reality HUDs Sustainable materials (vegan leather, recycled aluminum) Biometric access and AI-based personalization Strategic Partnerships: Mercedes and Nvidia for AI-based cockpit design Lucid's technology sharing with Aston Martin Apple rumored to be developing luxury EV software platforms Download PDF Brochure: 6. The Road Ahead: Integration, Disruption, and Identity The electrification of both mainstream and luxury mobility is not merely a trend—it is an evolution driven by innovation, regulation, and aspiration. As we approach 2034, expect the automotive world to blur lines between categories: Mainstream automakers will push deeper into luxury EV segments. Luxury automakers will broaden their appeal through EV accessibility. Tech giants may reshape ownership through subscription and autonomy. Cross-Cutting Innovations to Watch: Solid-state batteries with 800+ km range Battery-as-a-service (BaaS) models Vehicle-to-grid (V2G) energy integration Emotion-adaptive in-car AI interfaces MARKET SEGMENTATIONS: Battery Electric Vehicles (BEVs) Market Segments Entry-Level BEVs Examples: Wuling Mini EV, Nissan Leaf Target: Urban commuters, first-time EV buyers Mid-Range BEVs Examples: Tesla Model 3, Hyundai Ioniq 5 Target: Middle-income families, eco-conscious professionals Premium BEVs Examples: BMW i4, Polestar 2, Mercedes EQE Target: Professionals, tech-savvy buyers Utility & Commercial BEVs Examples: Rivian R1T, Ford F-150 Lightning Target: Fleet operators, outdoor/work vehicle users Plug-in Hybrid EVs (PHEVs) Market Segments Urban Plug-in Sedans Examples: Toyota Prius Prime, Honda Clarity PHEV Target: City dwellers, green commuters SUV / Crossover PHEVs Examples: Mitsubishi Outlander PHEV, Ford Escape PHEV Target: Families, suburban drivers Performance & Luxury PHEVs Examples: Porsche Cayenne E-Hybrid, BMW X5 xDrive45e Target: Affluent consumers, luxury enthusiasts Fleet & Commercial PHEVs Examples: Toyota RAV4 Prime (corporate fleets) Target: Corporate mobility programs, rental companies EV Adoption in Asia-Pacific – Market Segments Mass-Market Compact EVs Examples: BYD Dolphin, MG Comet Target: Entry-level buyers, Tier-2 & Tier-3 cities Electric Two-Wheelers and Microcars Examples: Ola S1, Ather 450X, Wuling Mini EV Target: Last-mile mobility, young professionals Ride-Hailing EV Fleets Examples: BYD e6, Hyundai Kona EV fleets Target: Ola, Grab, Didi, Uber fleets EV-Integrated Urban Mobility Systems Integrated e-buses, EV taxis with metro/rail systems Target: Smart city developers, public transport agencies Ultra-Luxury Car Market Segments Full-Sized Electric Limousines Examples: Rolls-Royce Spectre, Mercedes-Maybach EQS Target: Diplomats, UHNWI executives Hand-Crafted Limited Edition EVs Examples: Bentley Electric GT (2026) Target: Collectors, luxury connoisseurs Chauffeur-Driven Luxury EVs Focus: Rear-seat comfort, noise cancellation, entertainment systems Target: Royal families, VIP transport Performance Luxury Cars Market Segments High-Performance Sedans Examples: Tesla Model S Plaid, Lucid Air Sapphire Target: Tech enthusiasts, speed aficionados Electric Gran Turismos Examples: Maserati GranTurismo Folgore Target: Luxury weekend drivers, brand loyalists Track-Ready EVs Examples: Porsche Taycan Turbo S Target: Racetrack users, motorsport hobbyists Luxury Performance Crossovers Examples: BMW iX M60, Audi RS Q8 e-tron Target: Wealthy urbanites, families with performance tastes Electric Luxury Vehicle Market Segments Executive Electric Sedans Examples: BMW i7, Mercedes EQE Target: Corporate execs, business travelers High-End Electric SUVs Examples: Tesla Model X, Lucid Gravity Target: Family buyers with luxury preferences Technology-First Luxury EVs Examples: NIO ET7, Byton M-Byte Target: Digital-native elites, early adopters Sustainable Luxe EVs Vegan interiors, recycled materials, solar roofs Target: Eco-conscious high-net-worth individuals Recent Developments: 1. Tesla – Robotaxi Launch & Operational Pause Tesla is preparing to launch its Robotaxi service out of Austin, Texas, with a tentative pilot on June 22, 2025, scheduling the first driverless trip from factory to customer's home around June 28. Simultaneously, Tesla will halt production of Model Y and Cybertruck at its Austin plant for about a week starting June 30, 2025, to conduct maintenance and implement line upgrades in time for the robotaxi rollout. In China, insurance registrations skyrocketed by ~80% (15,500 during June 9–15), but year-to-date sales are down, with Q2 lagging the previous quarter and deliveries declining 8% in May versus last year. Tesla stock has been volatile—affected by production pauses, robotaxi delays, Chinese sales headwinds, and potential termination of U.S. EV incentives due to new tax legislation. 2. BYD – Global Expansion & Fast-Charging Breakthrough BYD has commenced construction of a US $32 million EV assembly plant in Cambodia's Sihanoukville SEZ (12 ha, CKD), targeting BEV and PHEV output by November 2025 at a capacity of 10,000 vehicles per year. The company aims to double overseas sales in 2025 to 800,000+ units, with new plants in Thailand, Indonesia, Hungary, Brazil, Turkey, Vietnam, and Mexico supporting this target. BYD unveiled ultra-fast charging tech: a 1 MW system (with Sinopec) and 10C battery architecture delivering 400 km of range in 5 minutes, far outperforming current superchargers. Their flagship SUV, the Tang L, launched in January 2025 with a bold 1085-hp powertrain, AR HUD, 15.6″ rotating touchscreen, and luxury finishes. 3. Rivian–VW Joint Venture – Software-Defined Architecture Rivian and Volkswagen launched their joint venture Rivian VW Group Technologies, backed by a US $5.8 billion commitment, focused on scalable software-defined vehicle (SDV) platforms, zonal controllers, and OTA systems. Their technology has been integrated into a VW test vehicle within 12 weeks, with multiple automakers reportedly in discussions to leverage this software strategy. Upcoming platforms include the VW ID EVERY1 (2027 debut at ~€20,000) and Rivian R2, using SDV architecture to deliver more affordable EVs. 4. Lucid Motors – Gulf Expansion & Charging Standards Lucid signed a strategic partnership with Riyadh Air at the Dubai Airshow for commercial operations, a notable entry into the Middle Eastern market. The company is adopting the NACS charging standard and has released a RangeXchange V2V adapter, enabling EV-to-EV charging support. It's also preparing the Lucid Gravity SUV for launch in late 2024 and recently appointed its first Chief Operating Officer, signaling organizational maturity. 5. CATL / Ancillary – Sodium-Ion Innovation BYD has invested US $1.4 billion into a sodium-ion battery plant in Xuzhou, targeting 30 GWh annual production. Meanwhile, CATL released a hybrid sodium-ion/Li-ion pack offering 400 km range, fast charge (4C), and extreme temperature performance, with deployment across ~30 hybrid models in 2025. These developments signal a shift toward next-gen battery chemistry, reducing reliance on lithium and supporting lower-cost EV adoption. This report is also available in the following languages : Japanese (電気自動車と高級車市場), Korean (전기 및 고급차 시장), Chinese (电动和豪华汽车市场), French (Marché des véhicules électriques et de luxe), German (Markt für Elektro- und Luxusfahrzeuge), and Italian (Mercato dei veicoli elettrici e di lusso), etc. Request Sample Pages: More Research Finding – Electric Luxury Vehicle Market The electric luxury vehicle market is poised for significant growth, with a current market value estimated at approximately $62 billion in 2024. This market is projected to expand, reaching around $150 billion by 2034, driven by increasing consumer demand for sustainable transport solutions and advancements in EV technology. The forecast period from 2025 to 2034 is expected to witness a Compound Annual Growth Rate (CAGR) of approximately 10.5%, reflecting strong market potential. U.S. Automotive Luxury Vehicle Market The U.S. automotive luxury vehicle market is valued at approximately $75 billion in 2024, driven by increasing consumer demand for premium features and electric vehicle (EV) options. This sector is projected to grow significantly, reaching about $105 billion by 2034, reflecting an impressive compound annual growth rate (CAGR) of 4.6% from 2025 to 2034. Luxury Car Market The automotive luxury vehicle market is poised for significant growth, with a projected market value of approximately $730 billion in 2024. This sector is expected to maintain a robust upward trajectory, forecasting a value of about $1.2 trillion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of around 5.2% from 2025 to 2034. Electric Vehicle Charging Services Market The global electric vehicle (EV) charging services market is poised for significant growth, with a current value estimated at approximately $12.5 billion in 2024. As the industry matures, projections indicate the market will expand to around $45 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of about 14.1% during the forecast period from 2025 to 2034. Electric Vehicle EV DC Fast Charger Market The global market for Electric Vehicle (EV) DC fast chargers is valued at approximately $5 billion, reflecting robust growth driven by increasing EV adoption and government support for electrification. The market is projected to reach around $15 billion by 2034, representing a significant opportunity for stakeholders. This translates into a Compound Annual Growth Rate (CAGR) of approximately 13.4% during the forecast period from 2025 to 2034. Industrial Power Inverter Market The global industrial power inverter market is valued at approximately $12 billion in 2024, with projected growth driving the market to reach around $22 billion by 2034. This reflects a robust compound annual growth rate (CAGR) of 6.6% over the forecast period from 2025 to 2034. Electric Vehicle EV On Board Charger Market The global electric vehicle (EV) on-board charger market is expected to reach approximately $4.6 billion in 2024. Driven by the increasing adoption of electric vehicles, stringent emissions regulations, and technological advancements in EV charging solutions, the market is projected to grow significantly over the next decade. By 2034, the market value is anticipated to soar to around $10.8 billion, representing a compound annual growth rate (CAGR) of approximately 8.7% during the forecast period of 2025–2034. Electric Vehicle Busbars Market The global market for electric vehicle (EV) busbars is valued at approximately $1.2 billion in 2024. The market is projected to grow substantially, reaching an estimated $3 billion by 2034, driven by increasing electric vehicle adoption and advancements in charging infrastructure. This results in a Compound Annual Growth Rate (CAGR) of around 9.4% over the forecast period from 2025 to 2034. Electric Vehicle Flat Wire Motor Market The global electric vehicle (EV) flat wire motor market is projected to reach a value of approximately $4.5 billion in 2024, driven by the increasing demand for efficient and compact motor solutions in electric vehicles. This market is expected to grow impressively, with a projected value of around $10 billion by 2034, reflecting strong adoption trends across the automotive sector. Electric Vehicle Charging Infrastructure Market The global electric vehicle (EV) charging infrastructure market is valued at approximately $27 billion in 2024. This market is poised for significant expansion, with a projected worth reaching around $71 billion by 2034. This growth represents an impressive Compound Annual Growth Rate (CAGR) of about 10.3% during the forecast period from 2025 to 2034. Electric Vehicle Thermal Management System Market The global electric vehicle (EV) thermal management system market is valued at approximately $4.5 billion in 2024 and is anticipated to reach around $12.8 billion by 2034. This growth represents a robust Compound Annual Growth Rate (CAGR) of approximately 11.1% during the forecast period from 2025 to 2034. Electric Vehicle AC Charging Station Market The global electric vehicle (EV) AC charging station market is poised for significant growth, valued at approximately $9.4 billion in 2024. Analysts project a robust increase, anticipating the market will reach around $25 billion by 2034, reflecting an impressive Compound Annual Growth Rate (CAGR) of about 10% during the period from 2025 to 2034. Electric Vehicle EV Charging Equipment Market The global electric vehicle (EV) charging equipment market is valued at approximately $30 billion, reflecting the rapid growth driven by increasing EV adoption and stringent environmental regulations. The market is projected to reach $120 billion by 2034, representing a robust Compound Annual Growth Rate (CAGR) of around 15% during the forecast period from 2025 to 2034. Battery Cases for Electric Vehicle Market The global market for battery cases for electric vehicles (EVs) is poised for significant growth, valued at approximately $5.6 billion in 2024. It is projected to reach around $12.8 billion by 2034, spurred by the rapid adoption of electric vehicles and advancements in battery technologies. The market is expected to exhibit a robust Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period from 2025 to 2034. Battery Grade Manganese Sulphate Market The global battery grade manganese sulfate market is poised for significant growth, with a current market value projected at approximately $1.2 billion in 2024. By 2034, this market is expected to reach around $3.5 billion, reflecting a robust Compound Annual Growth Rate (CAGR) of approximately 11.3% during the forecast period from 2025 to 2034. Electric Vehicle Electronic Expansion Valve EXV Market The global Electric Vehicle Electronic Expansion Valve (EXV) market is valued at approximately $500 million in 2024, driven by the increasing adoption of electric vehicles (EVs) and advancements in thermal management systems. The market is projected to reach around $1.2 billion by 2034, reflecting a robust growth trajectory. Li-ion Battery for Energy Storage Systems ESS Market The global lithium-ion (Li-ion) battery market for energy storage systems (ESS) is poised for significant growth, currently valued at approximately $10 billion in 2024. Projections indicate that this market could reach around $35 billion by 2034, reflecting increased demand for sustainable energy solutions and advancements in battery technologies. Electric Vehicle EV Suspension System Market The global electric vehicle (EV) suspension system market is poised at approximately $4.5 billion in 2024, exhibiting robust growth amid increasing EV adoption and technological advancements. The market is projected to reach around $12 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of approximately 11.3% during the forecast period from 2025 to 2034. Outdoor Liquid Cooled Energy Storage System Market The global outdoor liquid cooled energy storage system market is valued at approximately $2.8 billion in 2024, with a strong projected growth trajectory expected to reach around $6.5 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of about 9.1% during the forecast period from 2025 to 2034. CONTACT: Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@