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Scalable Vector Graphics in short called SVG never loose its quality no matter how much you stretch it, compare to raster graphics SVG graphics quality remain steady. Photoshop is a mainly raster graphic software to export it’s layers to SVG format David Tintner has developed a wonderful Photoshop script to easily export Photoshop layers to SVG.
Click on access tutorial to read more about it and download free Photoshop script to export Photoshop layers to SVG. SVG graphics now a days highly used on web.
here is alternative
not free
but you don’t need illustrator and you can export multilayered SVG
http://www.zeick.com