Electric Vehicles (EVs) are continuously proving to be a promising innovation for achieving sustainability in the automotive sector in coming years. Electric vehicles are propelled by electric motors, which are powered by a massive rechargeable battery pack housed in the vehicle. These vehicles emit no toxic exhaust emissions, minimize noise pollution and greenhouse gas emissions, and are an environmentally beneficial alternative to gasoline or diesel automobiles
The Electric Vehicle (EV) industry is older than most people think. The first EV was introduced by Robert Anderson in 1832. Companies around the world have developed vehicles that are comfortable, convenient, and state-of-the-art.
There are globally several producers of electric vehicles. However, since it is the most competitive sector, only some of them could offer the best items in the market.
Below is a list of the world’s top 10 electric vehicle manufacturers representing the leaders in the EV industry in terms of market cap, and units sold:
Tesla, formerly Tesla Motors is committed to creating EV vehicles and to providing sustainable energy solutions. In the year 2022, Tesla had a worth of approx. $828.85 billion, which makes it the top automobile manufacturer in the world. It is also at the top in terms of sales per year. The giant player currently offers four electric vehicle models namely Model S, Model X, Model Y, and Model 3. Tesla is also working on other models which include the Cybertruck and Tesla Roadster, which are going to be available in 2023.
Toyota is a popular Japanese company that started manufacturing vehicles in 1933 and has since then become a multinational company that has a global presence. Toyota introduced its first hybrid vehicle i.e., Prius in 1997 which was to be mass-produced.
Toyota recently announced its first battery-electric vehicle bZ4X. It features an all-wheel drive, a range of 252 miles per charge.
Toyota said that the first model based on the e-TNGA has been developed already and is being prepared for production. The battery-electric automobile will be made in a plant in Japan dedicated to building only electric vehicles.
BYD is one of the largest Chinese EV companies by sales which started as a battery manufacturer in 1995. BYD became an automobile manufacturer in 2003. BYD has grown to include various zero-emission electric vehicles. The BYD Models include the Han, Qin Pro, Song Pro, Tang, and Yuan which range from sedans to SUVs.
Like Ford, GM is a long-time automotive manufacturer which has recently switched to electric vehicle models. General Motors (GM) EV line-ups are powered by its Ultium Platform. The company is aiming for an all-electric vehicle in the future and has a long-term goal of no emissions. Currently, GM has the Chevrolet Bolt. GM has also invested $35 billion to become a leader in the EV market.
Volkswagen is aiming to launch a series of fully electric vehicles. In addition to “e-Golf,” which was discontinued in 2020 and was never released in the United States, Volkswagen Group has a line of electric vehicles under the ID name. ID is an acronym for “Intelligent design, identity, and visionary technologies.”
Mobile Charging Robot: In the year 2019, Volkswagen Group introduced a Mobile Charging Robot which can drive itself to the car and connects with it after being activated through an app or V2X communication. The complete charging procedure is without any human intervention from opening the charging socket flap, and attaching the plug, to disconnecting.
SAIC is a Chinese company that offers many popular shuttles, passenger vans, and food truck configurations. The Hong Guang MINI EV is the best-selling and most popular EV in China. This EV is so popular due to its price and is the most affordable in the market.
BMW is a luxury automaker that introduced its first all-electric car i.e., the BMW E1, in 1991. BMW was a major player in the industry until newer companies, like Tesla, arrived. The latest EV, the BMW i7 sedan, is expected to be released in 2023.
Nissan was first introduced in 2010 and Nissan offers a five-door hatchback EV. Nissan’s Airya is a highly anticipated EV crossover SUV. In 2021, Nissan aimed to make 40% of its U.S. sales electric by the year 2030. The Leaf and Ariya, both are popular and affordable electric vehicles from Nissan. Nissan is focusing on creating affordable and reliable compact car and crossover SUV models.
Hyundai is a leading EV manufacturer which was originally founded in 1947 as a construction company and has transitioned throughout the years from an engineering and construction company to an automaker and now to an EV manufacturer. The company has the Kona and IONIQ 5 EV vehicles in addition to another hybrid, plug-in hybrid.
Electric-Global Modular Platform: Hyundai launched its new Electric-Global Modular Platform (E-GMP), a specialized battery electric vehicle (BEV) platform, in December 2020. E-GMP has been designed particularly for BEVs and offers many benefits over previous platforms.
Next-Generation Solid-State Battery: In the year 2021, Hyundai Motor and Kia collaborated with the US business Factorial Energy to develop solid-state battery technology. Factorial Energy has developed ‘FEST’ technology, a solid-state battery technology that can enhance driving distance by 20-50% and can also boost the safety of electric vehicles in comparison to conventional lithium-ion batteries.
Ford is a renowned automaker that offers several popular EV models, such as the Mustang Mach-E. Ford is a long-time giant in the automotive industry and has a powerful force in making electric vehicles mainstream. In addition to the hybrid vehicles, Ford has popular EV models. The Ford F-150 Lightning, Mustang Mach-E, and E-Transit are available for consumers.
BlueOval SK: Ford and SK Innovation announced that they signed a memorandum of understanding for a joint venture which is called BlueOval SK aimed to manufacture battery cells and arrays. The BlueOval SK will produce up to 60-gigawatt hours (GWh) annually. By the year 2030, Ford is expecting an annual energy demand of up to 140 GWh annually in North America and up to 240 GWh globally. Thus, Ford has invested and is working with various battery suppliers to secure capacity and scale delivery for next-generation Ford battery-electric vehicles
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