Electric Vehicle Companies : New & Old Players in EV Market

With the increase in the demand for Electric Vehicles, many new and fuel-based vehicle manufacturers are coming forward to built and deliver new products. Many companies like General Motor’s Hummer are trying to make a comeback in the market through Electric Vehicles and trying to be “also” considered as electric vehicle companies.

With the broad range of vehicles, different vehicle companies are trying to deliver different products and there are companies like Tesla which are Making vehicles in all the segments like Trucks, Cars, etc. Different companies are working in the field of Electric Vehicles and some of them are mentioned below.

Electric Vehicle Companies

Top Electric Vehicle manufacturers and Companies in the EV Market are mentioned below. We are going to talk about each of them in our upcoming articles. So till then enjoy info about category and companies working in those categories.

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Electric Car Companies

Started in 2003 with the commencement of Tesla, Electric car companies have drastically increased. A lot of new players have stepped into the game and many other conventional IC engine-based car electric vehicle manufacturers have also started to make electric cars to compete in this market.

A lot of companies have been seen making Engine based and Electric variants of the same vehicle to deliver flexibility to the customer. There are a lot of companies in the market and a few of them which have a great market share are Tesla, General Motors, Nissan, Ford, BMW, etc.  There are Lot of players on the field but Tesla has made its place in this segment by Delivering the Fastest and High Range Luxury cars to customers.

Must Check: Upcoming EVs : Every Electric Vehicle Coming Soon

Electric Truck Companies

With the increase in the torque and speed output of Synchronous motors, fuel or electric vehicle manufacturers have shifted towards a new field of Making Electric Trucks. Electric trucks nowadays are delivering nearly the same performance or better than that of conventional fuel-operated trucks and also Many countries have made their goal to go fully Electric by 2030.

Car manufacturers like Tesla and General Motors have also started manufacturing trucks with high-end features and looks. Tesla’s Armor graded Cybertruck, which has got a futuristic design is set to go on production in 2021. There are a lot many electric truck manufacturers such as Tesla, General Motors, Nikola, Volvo, Workhorse, etc.

Personal Electric Vehicle Companies

Since most of the countries have made their goal to go electric by 2030 which means that everything will be electric. But the manufacturing cost of an electric vehicle is high which makes it difficult to afford, so to tackle this problem there are a lot of electric vehicle companies and manufacturers who are making Personal Electric Equipment like Electric Bikes, Hoverboards, Electric Cycles, etc to target the low-budget segment.

Personal Electric Vehicles are more preferred because of their form factor and less charging time. Some of the renowned Personal Electric vehicle manufacturing and service providing companies are Rad Power Bikes, Etuk USA, Revel, Segway, Trek, etc.

Also Read: Are Cities Ready For E-bikes? Major problems and Progress

Electric Vehicle Parts Manufacturers

When there is a machine, a bear and tear of parts are expected. Because of the more complex design of electric vehicles, special expertise is required to work on them, so the Electric Vehicle Parts Manufacturer market is expected to rise to great heights in the upcoming years.

Semiconductor Chips manufacturing companies and Lithium Battery Manufacturing companies are expected to see a surge in orders because unlike Tesla, not every Electric vehicle Manufacturer is manufacturing its batteries. There are a lot of companies that have started to manufacture parts for electric vehicles and some of them are Tesla (for Batteries), Samsung (for Batteries), Intel (semiconductor Chips), Panasonic (Batteries), LG Chem (Batteries), etc.

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Electric vehicles are going to be the future of the modern world not because they will be having cheap driving costs but also due to their eco-friendly nature. Due to the delivery of the best luxury electric vehicles in the segment, Tesla one of the leading electric vehicle companies has earned much reputation in the stock market, and their shares have surged to 700 USD dollars.

With the increase in the number of electric vehicle manufacturers, confusion arises in the mind of the buyer, but the buyer can decide on “Which Brand to Go?” by keeping some parameters in minds such as Battery Capacity, Range on a single charge, Spare parts availability, Services offered by the company, and battery warranty.