Last year was perhaps one of the most pivotal years in the electric vehicle (EV) market, as buyer demand gradually increased, and a growing number of old and new automakers entered the race to lead the industry into the next generation. 

With governments around the world introducing a slew of new environmental reforms and tightening emission norms, electric cars are expected to become the next big thing in sustainability. 

The International Energy Agency predicts that electric vehicles, both battery-operated and hybrid-powered will represent 60% of all cars on the roads by the end of the decade. Similarly in the United States, where the Biden Administration has been toiling to build more charging infrastructure and introduce new tax reforms for EV drivers, the number of electric cars sold in the first half of 2022 jumped by 49%. 

With the EV trend growing, and internal combustion engines reaching the end of the line – even California has vowed to make the sale of gas-powered cars illegal by 2035 – the future of both luxury vehicles is looking to become increasingly electric. 

While prices for electric cars have been ticking upwards due to red-hot inflation, aggressive interest rate hikes, supply chain concerns, labor worries, and a shortage of critical components, experts suggest that by 2030, the luxury electric vehicle market is projected to be worth more than $823 billion. In 2020, that value was just over $163 billion. 

The number of new models coming to…