Top 10 electric vehicle manufacturers
CSO Magazine reveals the top 10 electric vehicle (EV) manufacturers in the world, according to Clean Technica’s findings.
10 | Group PSA (3.2mn sales)
Groupe PSA, which was founded in Paris in 1976, has a market capitalisation of US$21bn. The company claims it will introduce 15 electrified versions of its brand’s existing models, and has featured on the CDP Climate Change A List. “Reducing our vehicles’ environmental impact has been one of the major challenges guiding our technological choices for more than 20 years, with innovative solutions that are publicly recognised for their effectiveness in reducing CO2 emissions,” stated Carlos Tavares, CEO of Groupe PSA.
9 | Renault (3.4mn sales)
Renault’s market capitalisation has reached $20bn. The French company is very popular in Europe and offers two electric cars and two electric vans. In February 2019, the firm had sold 200,000 EVs across Europe, and noted 100,000 registered EVs in France alone. The business claims to provide continuous upgrades to its electric fleet such as increased range, faster charging, and more powerful motors.
8 | Fiat Chrysler (4.7mn)
In October 2014, Italy’s Fiat and the US’s Chrysler merged to form the holding company Fiat Chrysler, the eighth largest automaker in the world. The Italian American company has a market capitalisation of $25bn. The firm recently showcased its latest electrified offerings at the 2019 Geneva International Motor Show such as its plug-in hybrid Jeeps and new Fiat model. “The Fiat Concept Centoventi [is a] concept car that perfectly expresses the Italian brand's idea of electric mass mobility in the near future,” the company stated in a press release.
7 | Honda (5mn sales)
Honda’s Chief Executive Officer, Takahiro Hachigo, recently announced that the firm would be selling plug-in EVs in Japan by 2020. The business launches its first plug-in EV in Europe in 2019. In March this year, the company committed to “total electrification in Europe by 2025”, meaning it aims to “move 100% of its European sales to electrified powertrains”. The firm was also ranked as the most fuel-efficient automaker in the US by the Environmental Protection Agency (EPA).
6 | Nissan (5.6mn sales)
Nissan offers the LEAF, E-NV200 COMBI, and E-NV200 VAN models within its range of EVs. “Nissan has installed more quick chargers across Europe than all other manufacturers put together,” the company claims. The Japanese firm’s market capital is worth $35bn, and it intends to sell 1mn electrified vehicles per annum by 2022. Nissan was founded in 1933, and since 1999 the company has been part of the Renault-Nissan-Mitsubishi Alliance. The company’s headquarters are based in Nishi-ku, Yokohama, Japan.
5 | Ford (6.4mn sales)
The US manufacturer’s market capitalisation has been valued at $36bn. The company, which was founded in Michigan in 1903, aims to launch 16 electric vehicles and 40 electrified vehicles by 2022. “Our aspiration: To become the world’s most trusted company, designing smart vehicles for a smart world,” Ford’s website states. The company currently offers the MONDEO HYBRID, NEW MONDEO HYBRID, and TRANSIT CUSTOM PHEV. Ford globally employs 202,000 members of staff and is working towards developing its autonomous technology.
4 | General Motors (7.8mn sales)
General Motors’ (GM) brands include Chevrolet, BUICK, GMC, Cadillac, Holden, and SAIC-GM-Wuling. The company has called for a National Zero Emission Vehicle program in the US “to move [the] country towards an all-electric, zero emissions future... Our proposed NZEV program will conserve energy and reduce emissions, while encouraging American innovation and preserving our industrial strength,” says GM. In order to achieve the goal, the firm has proposed infrastructure investment, incentives for EVs, and incentives for battery suppliers. GM’s market capitalisation is $46bn.
3 | Hyundai/Kia (7.9mn sales)
Hyundai and Kia Motors formed a unique partnership in 1998, and now the South Korean companies have a market capitalisation of $30bn. Hyundai owns around a third of Kia’s total shares, whilst Kia owns approximately 20 Hyundai subsidiaries. Hyundai offers the IONIQ Hybrid, IONIQ Plug In, and IONIQ Electric models, and Kia has developed the Soul EV, Niro Self-Charging Hybrid, Niro Plug-in Hybrid, and New Optima Sportswagon PHEV.
2 | Volkswagen Group (10.1mn sales)
Germany’s Volkswagen was founded in Berlin in 1937. The firm has a market capitalisation of $78bn, and offers two EVs – the e-up! and e-Golf. “One battery charge. Up to 372 miles. That’s the technology we’ve been working on to support the world’s need for emission-free mobility,” states the firm. The company aims to produce 50 EVs by 2025, and in order to achieve this goal, it will invest $40bn into EV-related technologies.
1 | Toyota (10.2mn sales)
Japan’s Toyota has gained a market capitalisation of $170bn since it was established in 1937. The company is headquartered in Toyota, a city that was named after it in the Aichi Prefecture in Japan. Within Toyota’s Hybrid range are the Yaris Hybrid, Prius, Prius Plug-in Hybrid, and Prius +. The company revealed that it has partnered with Japan’s Subaru to develop a joint electric car, which could reach the market by 2021.