After covering the top 10 hottest EV charging companies and charging point operators (CPO) in Europe, we now shift our focus to notable EV companies in three major regions of the EV market: the US, Europe, and China.
According to the International Energy Agency's Global EV Outlook 2023 report, global electric car sales are expected to grow by another 35% in 2023. You can find more detailed information here.
Statzon has compiled a list and examined the performance and overview of various electric vehicle companies in major markets such as the US, Europe, and China.
Top EV brands in the US
Tesla, an American multinational corporation focusing on automotive and clean energy, is situated in Austin, Texas. According to the Kelley Blue Book Electric Vehicles Report 2022, Tesla achieved impressive sales of 522,388 electric vehicles, capturing an unmatched market share of 64.5% in 2022.
Ford Motor Company, a well-established American multinational automobile manufacturer, has its global headquarters based in Dearborn, Michigan, United States. In 2022, Ford secured a 7.6% segment share in the electric vehicle market with sales totalling 61,575 units, as reported in the Kelley Blue Book Electric Vehicles Report 2022.
Recognized worldwide as Chevy, Chevrolet is an American automobile manufacturer that operates under the umbrella of General Motors (GM) and has its headquarters located in Detroit, Michigan, United States. The Kelley Blue Book Electric Vehicles Report 2022 reveals that Chevrolet achieved sales of 38,120 electric vehicles in 2022, capturing a 4.7% segment share in the electric vehicle market.
Kia Motors Corporation, a South Korean multinational automobile manufacturer headquartered in Seoul, is the second largest automobile manufacturer in South Korea, following its parent company Hyundai Motor Company. In the United States, Kia America, Inc. serves as the sales, marketing, and distribution arm of Kia Corporation, operating from Irvine, California, and offering a diverse vehicle lineup. According to the Kelley Blue Book Electric Vehicles Report 2022, Kia sold 27,965 electric vehicles in 2022, accounting for a 3.5% segment share in the electric vehicle market.
Hyundai is a leading multinational automotive manufacturer that holds a 34% ownership stake in Kia Corporation. Hyundai Motor America entered the US market in 1986 and made history by setting a record for the highest number of vehicles sold by a new car brand in its inaugural year. Furthermore, according to the Kelley Blue Book Electric Vehicles Report 2022, Hyundai achieved impressive sales of 26,693 electric vehicles in 2022, capturing a notable 3.3% segment share in the electric vehicle market.
Top EV Brands in Europe
Based on the findings of the Shell Recharge Solutions' EV Report 2022, which collected responses from 14,991 current EV drivers across European markets, Tesla continues to enjoy significant popularity for the second year running. This year's EV Driver Survey highlights Tesla as the most popular brand in Europe, indicating a strong consumer preference for its electric driving experience and recognition of its environmental benefits.
Volkswagen, commonly known as VW, is a renowned German motor vehicle manufacturer with its headquarters located in Wolfsburg, Lower Saxony, Germany. The Shell Recharge Solutions' EV Report 2022 reveals that based on the EV Driver Survey, Volkswagen emerges as the second most popular electric vehicle brand, following Tesla.
The South Korean multinational automotive manufacturer, Hyundai, has attained the third position among the most popular electric vehicle brands, as indicated by the Shell Recharge Solutions' EV Report 2022, showcasing the company's growing prominence in the industry.
Opel, a German automobile manufacturer, operates under the Vauxhall brand. Vauxhall Motors, a British car company based in Bedfordshire, England, became a subsidiary of Stellantis. Together, Opel and Vauxhall have a global presence in over 60 countries. With a remarkable achievement, Opel Vauxhall has secured the fourth position among the most popular electric vehicle brands.
Headquartered in Munich, Bavaria, Germany, Bayerische Motoren Werke AG (BMW) is a leading German multinational manufacturer renowned for its luxury vehicles. The Shell Recharge Solutions' EV Report 2022 confirms BMW's prominent position as the fifth most popular electric vehicle brand, further solidifying the German multinational manufacturer's status in the industry.
Top EV brands in China
BYD Co. Ltd., a Chinese conglomerate manufacturing company founded in 1995, is headquartered in Shenzhen, Guangdong, China. The company boasts a significant market presence with two major subsidiaries, BYD Auto and BYD Electronic. According to Gen Consulting Company, BYD achieved remarkable success in February 2023, shipping 177,000 units and capturing the largest market share of 39.8%.
The Chinese electric vehicle (EV) market is projected to reach USD 7.9 billion by 2023 and is expected to grow to USD 14.7 billion by 2030. In February 2023, Tesla shipped 34,000 units, capturing a market share of 7.6%, making it the second-largest player, according to Gen Consulting Company.
SAIC General Motors Corporation Limited, commonly known as SAIC-GM, is a Shanghai-based joint venture between General Motors Company and SAIC Motor. It specializes in manufacturing and selling Chevrolet, Buick, and Cadillac brand automobiles. In February 2023, SAIC-GM shipped 33,000 units, capturing a market share of 7.4%, positioning itself as the third-largest player, as reported by Gen Consulting Company.
GAC Aion, the electric vehicle subsidiary of Guangzhou Automobile Corporation (GAC Group), is a prominent Chinese electric vehicle company. GAC Group, a state-owned automobile manufacturer founded in 1955 and headquartered in Guangzhou, Guangdong, is its parent company. Gen Consulting Company reports that GAC Aion achieved a market share of 6.8% by shipping 30,000 units in February 2023.
Geely, a Chinese multinational automotive company privately held by entrepreneur Li Shufu, is headquartered in Hangzhou, Zhejiang. Founded in 1986, it entered the automotive industry in 1997 with its Geely Auto subsidiary. Gen Consulting Company reports that Geely achieved a market share of 5% by shipping 22,000 units in February 2023.
Electrifying the Future: A Comprehensive Handbook on the EV Market
Some highlights from the handbook: