An electric car is a luxury commodity that the majority of buyers now wish to purchase. It is because of its environmental sustainability. Apart from ecological wellness, it is also because of the initial high expense of the vehicle that it is painless on the pocket. It provides an outstanding driving experience. It has several incredible, innovative, and cool features. All-electric vehicles (EVs), also recognized as Battery electric vehicles, are propelled by an Electric Motor. It does not have a gasoline engine. Not only that, these electric cars generate no harmful emissions. Plus, it does not use traditional fuels such as gasoline or diesel. They are incredibly environmentally friendly and a feasible option. It could replace the usage of non-renewable and pollution-causing energy sources.
EVs have been getting popular in recent years thanks to their proficiency in decreasing air pollution. It also reduces greenhouse gas emissions. In this article, we have listed the top 10 electric vehicle manufacturers in the world based on elements such as sales, innovation, and market share.
The Top 10 Electric Vehicle Manufacturers in the World
The global EV manufacturing market has seen fierce evolution in recent years. Moreover, several new players are rising and established automakers are shifting towards electrification. We examined a span of criteria in compiling our index of the Top 10 electric vehicle manufacturers in the world. It includes corporation market cap, projected development, vehicle performance, and innovation.
1- BYD
BYD (Build Your Dreams) is a Chinese EV firm. It is now a prominent player in the electric vehicle market. It is one of the major electric car producers.. The company was established in 1995. It has evolved its operations and produced a broad range of EVs. It includes sedans, SUVs and buses.
Furthermore, BYD is renowned for its progressive battery technology and solar panels. BYD’s noteworthy technology and innovations include Blade Battery, Iron Phosphate Battery Solutions, and BYD e6. This Chinese automaker has swiftly become a prominent player in the global EV market. Thanks in part to its notable foothold in the domestic market. The firm has also been growing its operations overseas. It has made crucial investments in battery technology.
2- Tesla
Tesla is one of the largest US-based electric vehicle manufacturers company company known as the boss of the EV market. The company was established in 2003 by tech billionaire Elon Musk. It is known for its high-quality and innovative EVs. Tesla presently delivers an extensive range of EVs. It includes the Model 3, Model S, Model X, and Model Y. These vehicles are greatly known for their exceptional performance, long-range, and modern features. One of the most remarkable features of Tesla is its self-driving capability.
In 2020, Tesla sold over 500,000 EVs globally, making it the top-selling EV company. Tesla’s exceptional technology and creations include a Lithium-Iron-Phosphate (LFP) Battery, a Supercharger Network, a 4680 Battery, a J1772 Gen 2 Wall Connector, and a 14-50 Wall Connector. The company, popular for being a disruptor, Tesla, keeps producing highly sought-after EVs by global customers. It is the reason for Tesla’s continued growth.
3- Toyota
Toyota, the Japanese EV company, is of incredible importance in terms of its hybrid and electric vehicles. The company, being one of the top 10 electric vehicle manufacturers in the world, first created its imprint in the industry with the launch of Prius. It was a mass-produced hybrid car in 1997 which evolved into one of the most favourite hybrids in the world. Presently, Toyota continues to innovate by presenting hybrids and electric vehicles. One of the best examples is the Mirai fuel cell vehicle and the RAV4 EV. They signify their strong dedication to sustainability, striving to make electrified vehicles comprise at least half of their international sales by 2025.
4- Volkswagen
It is a German automobile manufacturer initiated by the German Labour Front in 1937. It is well known for its distinctive Beetle. In 2016 and 2017, Volkswagen outdid Toyota as the Best electric car company in the world regarding global sales.
The company has also earned the attention of one of London’s most esteemed caravan businesses as the primary growth partner for Addison Lee. hence, it is among the top 10 electric vehicle manufacturers in the world. The company is presently scaling back production of its ICE vehicles to make space for more EVs. It has two electric car models: the e-up and the e-Golf. Volkswagen, which aspires to produce 50 electric vehicle variants by 2025, is the third-largest EV producer globally. It sold approx 64,542 units in the first half of 2020, estimated to be 10% of the global market.
5- Geely
Geely is an automotive corporation and among the top electric car manufacturers. The company composes, generates, and manufactures passenger and commercial vehicles. It has also produced several EVs, such as Geometry A, Emgrand, Lynk & Co Zero, and Proton X70. The company has continued to strengthen its presence in the new energy sector. It aims to accelerate the expansion of technologies, including pure electric, hybrid, and methanol powertrains. Plus, it plans to explore battery-swapping procedures.
6- General Motors Corporation
General Motors (GM) is an American automobile plant that operates globally. It is listed among the Top EV brands globally. The Chevy Bolt is the world’s first all-electric vehicle with long range. It is categorized as a compact utility automobile because of its starting cost of USD 37,500 and range of 238 miles. Chevrolet Volt, one of its subsidiaries, has obtained extensive recognition for its eco-friendly electric vehicle lineup. They achieved their first prize in 2009, the Green Car Vision Award. In 2011, they got three more awards: North American Car of the Year, Green Car of the Year, and World Green Car. Moreover, they were titled 2016 Green Car of the Year and 2012 European Car of the Year.
7- Stellantis
Stellantis is a New electric car company established in 2021 by a half-half cross-border merger of PSA Group and Fiat Chrysler Automobiles. It has already positioned itself among the top 10 electric car companies globally. Stellantis offers a broad range of passenger automobiles. It gives options for luxury, premium, and mainstream models. Besides this, pickup trucks, light commercial automobiles, and SUVs are also available. Stellantis offers specialized mobility, finance, and parts and service brands. It aims to provide more than 50 electric car variants on the market by the end of the year.
8- BMW
The BMW Group has four brands: BMW, MINI, Rolls-Royce, and BMW Motorrad. It is a premium producer of automobiles and motorcycles. Moreover, it is a premium provider of financial and mobility services. The BMW Group’s manufacturing network contains 31 production and assembly factories in 15 countries. Moreover, the company has an international sales network in over 140 countries. Besides this, the first hybrid BMW was the BMW ActiveHybrid 7, which was introduced in 2010, and the BMW i3, introduced in 2013, was the firm’s first mass-production electric automobile.
9- Daimler (Mercedes-Benz Group)
Daimler AG is a German automaker and also comes in the list of top 10 electric vehicle manufacturers in the world. It composes, manufactures, and distributes automobiles, trucks, vans, and buses. Finance, leasing, insurance, fleet management, and mobility services are also offered through the organization. Mercedes-Benz, Smart, Western Star, Freightliner, FUSO, Thomas Built Buses, BharatBenz, and Setra are among the names under which Daimler supplies its products.
Daimler is clinging to its three-lane drive system policy. It incorporates electric cars, hybrid models, and combustion engines to serve locally emission-free driving. Furthermore, under the new EQ product and technology brand, the business is following a precise strategy for electrification. Daimler strives to invest more than €40 billion ($47 billion) by 2030 to hang around in an all-electric vehicle market.
10- Ford
Ford Motor Company is an international automotive company headquartered in the United States (US). It designs, produces, and maintains different vehicles, including automobiles, sport utility vehicles (SUVs), and commercial autos. Ford made it into our List of electric car companies because the company actively produces electric vehicles (EVs). Successful electric vehicles by Ford include the Mustang Mach-E, Focus Electric, F-150 Lightning, and E-Transit. Moreover, Ford intends to invest in the progress of connected car technology. It also streamlines swift communication between autos and the surrounding infrastructure.
Conclusion
In conclusion, electric vehicles have come a long way since their launch on the market. They are becoming increasingly famous. The EV game has just begun, as EVs only possess 5% of the market share compared to combustion engine automobiles. With progress in technology and rising concerns for our planet, we anticipate seeing even more EVs on the road in the near future. There are the top 10 electric vehicle manufacturers in the world that are outpacing the EV market. We have mentioned the famous manufacturers and hoping for a more advanced future with technologies.
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I am Umama Farhan and I envision a future with sustainable transportation. My expertise lies in EV market trends, new company launches, and charging stations. I have been doing this for 4 years with determination to promote a greener future. I have dedicated myself to finding novice and existing solutions that can improve the automaking industry with sustainable alternatives.
