With the increasing demand in the global market for electric vehicles, the competition between the top companies in the field is growing as well.
Here is a list of top 10 EV car manufacturers in world –
Renault-Nissan-Mitsubishi Alliance –
Though the three companies are not merging, they are investing in electrification, and the fund is over $10 billion. The Alliance aims to reach 220 gigawatt-hour production capacity by 2030 and decrease battery costs by 50% in 2026 and 65% by 2028.
Mercedes-Benz
The company will switch to electric by 2030, and one of the most promising models is a subcompact luxury crossover SUV, the Mercedes-EQA.
Geely Auto Group
The Chinese company owns brands such as Volvo, Polestar, and Zeekr. The most recent news is the development of electric boats and the top EV for executive fleets.
BMW
The German producer has set a goal to deliver 10 million EVs by 2030 and mix its brand dynamics and precision in future models.
Hyundai
Coming in third in the global ranking in 2022, Hyundai is now emphasizing investments in EV batteries. The company invests in Tesla’s NACS, and battery development is on the rise in Asia.
Stellantis
The company was born in 2021 as a result of the merger of Fiat Chrysler Automobiles and PSA Group. In 2022, Stellantis produces the top-selling EVs in Europe, operating several mainstream brands such as Fiat and Peugeot.
General Motors
Chevrolet and Cadillac are part of the company, which has also set the goal to stop ICE production by 2035.
Volkswagen
Already a leader in sales, Volkswagen is now transforming rapidly to become a “genuine Love Brand” that completely focuses on electric mobility.
Tesla
The leading company in the US, Tesla currently produces the top-selling Model 3 and Model Y.
BYD
The Chinese electric company has increased its EV production by over 200% in 2022. BYD produces only electric vehicles, and the most popular are Dynasty series models, particularly BYD Qin.
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