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Efficiency is vulgarity to the buyers of most luxury cars.
What’s the point of being an asshole if you can’t openly waste?
that means a screaming combustion engine, not a whirring electric motor.
Buyers of luxury car want to make noise, literally and figuratively.
The problem is that an electric engine is too quiet, it’s not disturbing anyone. On the other hand a loud combustion engine is impacting people’s life, positively by enjoying the look of the car (rarely) or negatively by intruding into their audible space.
People with the money to buy luxury car wants that, they are buying a status and the power to intrude into people’s life.