It still has limited resolution and a much higher storage footprint. Plotting charts is the vector graphics use case par excellence. Having svg support is a no brainer.
Of course you're right that we do need to support SVG and vector formats, but it's also not entirely true that "vector >> raster" in all cases.
Raster does have limited resolution, but so does your screen or most output devices (yes, even scientific plotters).
It's also not necessarily true that it has a higher storage footprint; it depends on the complexity and number of glyphs, the fonts you need to embed for the LaTeX formulae, etc. etc. In large-data cases, raster can be a much more viable visualization transfer medium.
