SHASHWAT NISHANT
Experiencing a notable 31% year-on-year surge in 2023, reaching a total of 13.6 million units. Let's examine the prominent contenders in the electric vehicle market
Global EV Market
A Chinese corporation that leads the global electric vehicle market with its extensive lineup of EVs, encompassing buses, trucks, and passenger cars.
BYD
Headed by Elon Musk, Tesla stands out as a significant player in the EV sector, renowned for its innovative technology and stylish vehicle designs.
Tesla
Demonstrating a strong commitment to transitioning towards electric mobility, Volkswagen emerges as a prominent figure in the EV market, offering a range of electric products.
Volkswagen
Established as a collaboration between SAIC Motor, General Motors, and Liuzhou Wuling Motors, SAIC focuses on producing electric microcars and commercial vehicles.
SAIC-GM-Wuling Automobile
Formed through the merger of FCA and PSA Group, Stellantis is actively expanding its electric vehicle portfolio, incorporating brands like Fiat, Jeep, and Peugeot.
Stellantis
Another significant contender in the electric vehicle market is Hyundai Motor, which provides a diverse selection of electric cars.
Hyundai Motor
Merging luxury with sustainability, BMW delivers a variety of EVs under its BMW sub-brand, emphasizing both performance and eco-friendly features.
BMW