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Electric Cars Turn Luxury

Written by Caitlin Ritchie

Edited by Jamie Cesanek

Last updated 01/20/2023

Image of the 2023 Mercedes-Benz EQS.
Image courtesy of Car and Driver

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Key Points

  • Tesla experienced a 43% growth in global sales in Q3 2022.
  • Many other manufacturers offer EVs marketed as luxury in terms of performance, finishes, and driving experience.
  • S&P Global Mobility reports Tesla held 85% of the luxury EV market share and 65% of the total EV market share in Q3 of 2022.
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