The Top 10 Electric Car Manufacturers in the World

Electric cars are increasingly becoming popular among consumers especially among the environmentally conscious. Though Europe leads in adoption of electric autos consumers in the US are also slowly changing their vehicle preferences. China is the world’s top market for electric autos and other green vehicles including buses.

US-based auto industry disruptor Tesla(TSLA) is leading the electric vehicle revolution not only in the US but also around the world. With that said, recently I read an interesting piece on the impact of Tesla and Chinese electric auto makers on the German auto industry. The article listed the top auto makers in this evolving industry.

The Top 10 Electric Car Manufacturers in the World are shown in the chart below:

Click to enlarge

Source: The End of an EraWill Tesla and Google Kill the German Car? , Der Spiegel

After Tesla, China’s 3 auto makers – BYD, BAIC and SAIC leads the ranking. Among US giants, Ford(F) is missing in this list.

An excerpt from the above article:

Late To The Game

But it was only very recently that the German automobile industry finally came to the realization that it is going to need to radically adapt. The industry, led by Volkswagen, believed it could solve its problem in two ways: first by creating better, less-polluting and more efficient (diesel) cars and secondly, when the first approach failed, by cheating or denying reality.

As paradoxical as it may sound, VW’s diesel scandal ultimately triggered the modernization push the entire industry needed. Confidence in the industry had been shaken so badly that management and supervisory boards at German car companies were forced to recognize the inevitability of radical change.

But they didn’t reach that realization until very late. Now, companies that were industry leaders in the last century face the real risk of straggling behind in the new era, a development that would have serious consequences for the German economy and the country’s future prosperity. It would be the beginning of a new and uncomfortable era. Because as German companies were busy manipulating their diesel engines and placing their bets on ever bigger SUVs, as they half-heartedly studied and tested alternative drive systems, and as they collected arguments against self-driving cars instead of testing them, a whole new paradigm was unfolding elsewhere in the world. In California and China, private and state-owned companies emerged that are now surpassing Germany’s former technological leaders. They have entirely different views of the car and how it is used.

The entire article is a fascinating read.

Disclosure: No Positions

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