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Today’s Biggest Electric Vehicle Manufacturers in the World

Oct 12, 2020
Today’s Biggest Electric Vehicle Manufacturers in the World

Global analysts predict that by 2030 electric vehicles will outsell the conventional ones. And by the mid-2020 it might become cheaper or comparable to buy and operate electric cars as opposed to internal combustion engine vehicles. 

Having an EV car means spending less money on servicing and maintaining. Moreover, they are better for the environment as they do have zero exhaust pollution and can use renewable energy to charge. 

The main driving factor for the fast adoption of such technology is the advancements in new EV car models by leading manufacturers. In this post, we will look at the best EV manufacturers in the world.

 

TESLA

Tesla is probably the best known electric vehicle company, based in the US and headed by Elon Musk. It was founded in July 2003 to prove that EVs are fun, fast, and more convenient to drive than gasoline cars. Tesla strives to create a future with no fossil fuel dependency and zero-emission.

Globally, Tesla stands in the first position in the first half of the year 2020. With 179,050 units sold, this EV manufacturer makes up for 28% of the market share. There is high consumer demand for Tesla's cars due to their innovative technology, modern design, and high performance. The price for Tesla’s base variant of Model 3 is €28, 500 (and about €63,000 for the most expensive Model X).

Renault–Nissan–Mitsubishi Alliance

Renault/Nissan is a French-Japanese group formed by Renault (based in France), Nissan and Mitsubishi Motors (based in Japan). Together they sell more than 1 in 9 vehicles worldwide. 

Models of electric vehicles by the alliance, for example, the iconic Nissan Leaf and Renault Zoe, are created to have a decent range with zero-emission. Their cars are designed for the mass market. Their cars are responsive, quiet, and smooth with stable handling.

In terms of global sales, Renault/Nissan stands in the second position in the first half of the year 2020, 65,521 units were sold (10% off market share). 

The prices for Nissan’s electric cars varies from approximately €29,500 (Esflow model) to €37,000 (Nissan Leaf).

Volkswagen

VW is a German car manufacturer founded in Berlin in 1937. Volkswagen offers two EV models: the e-up! and e-Golf. The company’s goal is to produce 50 electric cars by 2025. To achieve this goal, VW will invest over €30bn into EV-related technologies. 

Volkswagen is the third most popular EV manufacturer in the world, as in the first half of the year 2020 it sold 64,542 units (10% of market share).

The base price for the e-up! model is €21,975.

BYD

BYD Co Ltd is a Chinese EV manufacturer founded in February 1995 and based in Shenzhen.

BYD also produces battery-powered buses, bicycles, solar panels, rechargeable batteries.

BYD's EVs ranked No.1 in global sales for six consecutive years ( from 2014 to 2019). This EV manufacturer aims to develop electric vehicles that are intelligent and connected.

In the first half of 2020, BYD sold 46,554 units (7% of market share). The price of the most popular BYD model (e6) is approximately €29,500.

 

Electric cars are considered the new normal. Many players (existing and new) of the automotive industry are designing new electric cars, and advancing features and long-range of their vehicles.

The best-selling electric cars are made by such companies as Tesla, BYD, Volkswagen, Renault/Nissan and Hyundai/Kia groups.

While conventional market leaders have to change their business model or create new alliances to compete with other manufacturers, new modern EV manufacturers have some advantage of not having to adapt their existing business to new conditions. It might be one of the reasons why Tesla still dominates the market and continue to be the biggest electric vehicle manufacturer in the world. 



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