From the times of chariots to the planes of today, humans have always discovered innovative ways to travel from one place to another. Sadly, the transportation business has been famously known for its enormous fossil fuel utilization. With the increasing threats of global warming and fossil fuel depletion, it seems that there’s no course-correction for the same and the only option left is to switch. Fortunately, every cloud has a silver lining, and here, we have many organizations that are attempting to make the least harmless ecosystem for transportation and mobility.
In the previous few years, electric cars have gained a lot of traction around the world. Let’s run down the list of the top 10 electric car companies that are revolutionizing the way we travel along with diminishing our energy usage.
What Makes Electric Car Companies Extraordinary?
The electric car industry contrasts with the traditional car industry since it is new and focuses on using electrical energy to power vehicles, and it will eventually help in saving our environment.
Since the interest in EVs is new, the only well-established company is Tesla, which was founded by Elon Musk. Other Startup EV manufacturing companies are also giving a considerable amount of competition, but it is difficult to predict which organization will eventually lead the electric vehicle market in the future. Nonetheless, here are the top 10 best electric car companies:
Tesla is the ruler of the electric vehicle market and it’s not difficult to perceive why. Furnished with amazing designs and interior, game-changing innovation, and an amazing CEO, Tesla has a great deal putting it all on the line. Tesla is currently the most important carmaker “ever”. It is presently worth nearly $538 billion, which makes it way more ahead of its competitors such as GM, Ford, and Chrysler that are worth around 70 billion dollar USD.
Elon Musk had his eye on the idea of electric cars far before the publicity began building. He introduced the Tesla Roadster back in 2008, making electric vehicles cool when individuals were all the while censuring their noses at the Electric vehicles. From that point forward, Tesla’s stock has soared by more than 14,000%. In any case, while Tesla’s EV is leading the charts, the contest is warming up in China.
2. Lucid Motors
Lucid Motors is an extravagant electric vehicle producer and an opponent to Tesla that has consented to open up to the world in collaboration with Churchill Capital IV Corp. This deal has uplifted their market value to 11.75 billion USD. This company was founded by an ex-Tesla engineer and ranks among one of the most recent EV firms that are doing good in the market and are having lots of investors in the line.
They’ve recently declared that the production and delivery of “Lucid Air”- their first Luxury car will be started in North America from the third quarter of the year 2021. This is the delayed date of the launch since first it was said to launch in spring 2021. The lucid motor is planning to deliver around 20k vehicles in 2022 and 251k till 2026, counting other models such as SUVs. In addition, they will add up manufacturing plants in Arizona as well.
NIO has had an unbelievable year of selling a huge number of models and taking the market by storm. Simply a year prior, nobody might have envisioned how fruitful the organization would have been. It emerged to be a big rival for Chinese Tesla and its monetary record has grown by leaps and bounds. Its share prices have also increased and investors have experienced around 1443% return.
As of late, NIO uncovered a couple of cars that have successfully turned the heads of many Tesla lovers. Therefore, they are getting control over their local audience against giants like Tesla. At the start of 2020, their sales struggled a lot, and also rumors about their potential bankruptcy have kept investors away from investing even a single penny. But they came back even stronger in the second quarter and since then, their sales have been increasing exponentially.
BMW, as of now, has offered 5 diverse electric vehicles to customers. The i3 is an all-electric hatchback and is also tailored with a gas range extender as an alternative. The other four electric BMWs are Plug-in Hybrid Electric Vehicles (PHEVs) which include i8; a strong sports car, the X5-40e; an electric adaptation of the well-known X5 SUV, the 330e; the electric rendition of BMW’s top-rated vehicle, and the 3-Series, which include models like 530e, etc.
They’ve sold more than 193,000 electric vehicles in 2020. Every BMW model can utilize a level 2 charger for rapid charging at home.
Chevrolet started selling the Volt, an Extra Range Electric Vehicle (EREV) in 2010. Since then, it is considered to be a top-selling electric vehicle in the US. Truth be told, it was the top-selling electric vehicle in the US in 2012 and 2013 and has been in the best 5 in US EV deals each year.
In addition, Chevrolet has launched Chevy Bolt in 2016, which is a long-range all-electric vehicle that ranked number second in the EV deals in the US in the year 2017 right behind Tesla Model S. Chevrolet EVs can be immediately charged through a level 2 charging station.
6. Kandi Technologies
Kandi Technologies is an electric car company based in China that has obtained SC Autosports in 2018 for exclusively distributing their cars in the U.S. by running as Kandi America. Its headquarter is in Garld, Texas, and from there it manages all events related to assembling, manufacturing, commercialization of EVs, along with taking care of battery packs, auto engines, regulators, cooling frameworks, etc. for these cars.
This China-based electric vehicle startup is best known for producing wacky little cars that are certainly the least expensive EV in America. Their main motto is creating electric cars that are affordable for everyone and with their initial two models, they are trying to offer cutting-edge EVs at reasonable prices.
7. Li Auto Inc.
Li Auto Inc. is known as the trailblazer in the world of electric cars and the company focuses on creating, producing, and selling premium EVs. With regular advancements in the technology, and plan of action, the company offers protected, helpful, and refined cars and is the pioneer of marketing electric vehicles in China. Its first model, Li ONE, is a six-seat, premium electric SUV outfitted with a range extension system. The company began volume production of Li ONE in 2019 and till now, it has sold about 33,500 Li ONEs.
Li Auto uses innovation to offer the best value for money products. It provides cutting-edge electric cars and savvy solutions. Apart from Li ONE, the Company intends to extend its product offering by adding new vehicles, including BEVs (Battery-powered Electric Vehicle) and EREVs (Extended Range Electric Vehicle).
Endorsed in March 1999, the Renault-Nissan alliance has helped the two organizations in becoming one of the world’s biggest carmaker, dominating at manufacturing electric cars. The French-Japanese company has likewise collaborated with China’s Dongfeng Motor Group for shaping eGT New Energy Automotive, a 50:50 joint endeavor.
Their top-selling electric car, Nissan Leaf, offers two different battery options of 24kWh and 30kWh that provide a range of 199km and 249km respectively. Also, awarded as the “Best used green car” in 2018, Renault’s Zoe offers a range of around 402 km in a single full charge that varies according to the temperature and environment.
Originating from South Korea, this car company is trustworthy and competes with other top companies such as Toyota and Honda. Their top-of-the-line electric vehicle is the Kia Soul EV. The Soul EV looks and feels similarly like its non-electric twin, the Soul, but with a 375 V electric battery embedded in it.
Their electric cars can undoubtedly be a good choice for both short and long journeys. The Kia e-Niro and Soul EV offer 280 miles on a full charge. Each model offered by Kia comes with 7 years of guarantee, which also includes the battery. Therefore, an individual would have an assurance for complete 7 years of lower running expenses and true serenity.
Volkswagen is a German automaker known for offering reliable and affordable electric cars, including e-up and e-Golf. These less expensive electric car options have a mileage of around 80 miles for one single charge and come with a complete traditional car experience.
These cars are based on the Modular Electric Drive Matrix (MEB), and every I.D. model has a reach equivalent to current petroleum models. Their powertrain comprises up to 2 electric engines placed in the front and the back of the vehicle, hardware for controlling the high-voltage energy stream between electric engine and battery, and a level high-voltage battery introduced in a space-saving setup in the floorplan.
Future of Electric Cars
The electric cars industry is ready to profit under the circumstances that we are facing nowadays, i.e. increasing pollution and global warming. Government bodies are also proposing and uplifting the idea of the usage of electric cars for saving the environment, fossil fuels, and preventing climate change.
Numerous organizations have started taking part in the production of EVs, while the already-leading companies are planning to deliver plenty of electric vehicles over upcoming years. Investing in this exceptionally cut-throat yet fast-growing industry is probably going to be beneficial.
Today, more and more people are buying electric cars instead of traditional cars because they run on electricity, which is less costly than fossil fuels and also does not harm the environment.
The blog contains ten of the best and most trusted electric car companies that are transforming the world. This multi-billion dollar industry has a huge potential in the future because we humans are keener on shifting toward sustainability.