As EV adoption continues to increase globally, EV companies continue to develop and expand to keep up with the sustainable transport revolution. These top electric vehicle companies have been ranked by 2022 manufacturing quantities. The next question is — who will top the list for total sales in 2023?
10. Renault-Nissan-Mitsubishi Alliance
The alliance between the three companies isn’t a merger, but cross-ownership which, altogether has invested over US$10bn in electrification. It is on a mission to reach a 220 gigawatt-hour production capacity by 2030, and has set goals to reduce battery costs by 50% in 2026 and 65% by 2028.
9. Mercedes-Benz
Mercedes-Benz is a German automaker looking to carve out its spot in the luxury EV market, having pledged to transition to electric by 2030. The best-selling of its EV offering is the subcompact luxury crossover SUV — the Mercedes-EQA.
8. Geely Auto Group
Chinese company Geely produces brands including Geely Auto, Livan, Volvo, and Lotus, as well as EV-only brands Polestar and Zeekr. Polestar has made headlines recently for being the power behind innovative electric boat the Candela C-8, as well as producing the Polestar 2 which is one of the top EV choices for executive fleets.
7. BMW
German brand BMW produces BMW, Mini and Rolls-Royce, and is currently working towards 10 million EVs delivered by 2030 across the brands.
“Our philosophy is undoubtedly this: To take the typical dynamics, agility and precision that characterise our vehicles and are loved by our customers worldwide and build these into the identity of future electrified models,” says Dirk Häcker, Head of Development at BMW M GmbH.
“BMW knows how to take full advantage of electrification.”
6. Hyundai
South Korean-based brand Hyundai, home to Hyundai Motors, Kia, Ioniq and Genesis Motors, was 2022’s third largest automaker globally, so its no surprise that its coming in sixth for EVs. Currently making headlines in the world of EV batteries, Hyundai is one of the more recent brands to adopt Tesla’s NACS in the US, and is heavily investing in battery development and manufacturing in Asia.
5. Stellantis
Founded in 2021, Stellantis was founded through a merger of Fiat Chrysler Automobiles and PSA Group, and now encompasses brands including Citroen, Opel, Peugot, Ram, Vauxhall, Chrysler, Dodge, Fiat, and Jeep. It produces Italy’s best-selling EV, the Fiat New 500, and France’s best-selling EV, the Peugeot e-208.
4. General Motors
General Motors — home to known brands including Chevrolet, Buick, GMC and Cadillac — is often considered the first modern EV manufacturer, having started in the 1990s through lease agreements. The US based company plans to cease ICE production and move to full EV focus by 2035.
3. Volkswagen
Volkswagen was founded in 1937 and has been developing EVs since 1970, far before players like Tesla or BYD were founded. In 2017, it announced that it was moving to focus on EVs.
“We are transforming the company rapidly and fundamentally—with the clear objective of making Volkswagen a genuine Love Brand,” says Thomas Schäfer, CEO of Volkswagen Passenger Cars, discussing the transition to EV focus.
“We want to be close to the customer and offer top technology in combination with fantastic design. We are implementing the transformation at pace to bring electric mobility to the masses.”
2. Tesla
Headquartered in the US, Tesla is the brand synonymous with EVs for many. As well as manufacturing many of the best selling EVs — including the Model Y and Model 3, which was the first EV to exceed 1 million global sales — the brand is also dominating the charging game, with NACS being adopted by more and more companies in the US.
1. BYD
The top spot on this list goes to Chinese EV company BYD, which boosted EV production by 200% in 2022. BYD’s most popular vehicles come from its Dynasty series and include the BYD Qin, which was one of four BYD vehicles to make the recent Top 10 Electric Cars list — no surprise as the manufacturer ceased production of ICE vehicles in 2022 to purely focus on EVs.
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