Yes, SVG is a valid format Joomla!
It's pretty simple to utilize the SVG format within your own Joomla! content (articles/modules/etc.). We use Inkscape to create our interactive image maps. Always remember to compress any internal jpg/png images within the svg file. Once that is done, simply use object tag specification shown in the example below:
<p style="text-align: center; margin-bottom: 1em;">
<object data="/YOUR-IMAGES-FOLDER/YOUR-SVG-IMAGE.svg" type="image/svg+xml" style="width: 90%; height: auto;" width="90%" height="auto"> </object>
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