Electric Car Manufacturers
The future of legacy automakers has been challenged within the past couple of decades by a certain company. Of course, we’re talking about Tesla — the company that has single-handedly disrupted the automotive industry ever since it led the charge (pun intended) on commercializing BEVs. Tesla’s vehicles can be found in countries around the world, and the company has even influenced several start-up automakers in creating their own EVs.
A couple of examples in the U.S. include Rivian, a company founded in Plymouth, Michigan, that is currently making waves in the EV community with their electric pickup truck; and Lucid, a company founded in Newark, California, that specializes in luxury electric cars. But Tesla’s impact doesn’t stop there!
Legacy Automakers & Future Commitments
Legacy automakers, feeling the pressure from Tesla, have quickly started transitioning more and more of the product lineup to BEVs. Popular models such as the BMW i3, Chevrolet Bolt EV, Nissan LEAF, and Audi e-Tron have all created their own success stories within the EV market. Even some of the relative latecomers are now among the top selling BEVs in the United States. Automakers such as Hyundai, Kia, and Toyota have become very active in the EV space by introducing numerous PHEV models to their lineup.
Within the past few years, the world has heard these automakers announce their commitment to EV production and their willingness to invest billions of dollars into new sustainable technology. For instance:
- In 2015, Audi announced the automaker’s commitment to achieve at least 25% of all U.S. sales from EVs by 2025. Currently the e-Tron is Audi’s only available BEV in the U.S., but the Audi e-Tron Sportback is looking to change that in 2020.
- In 2017, Nissan announced its new partnership with Japanese-automaker Mitsubishi and French-automaker Renault to build 12 new BEVs and invest $11.5 billion to develop new powertrains.
- In 2017, General Motors also announced that it will be developing 20 all-new EVs by 2023. Be sure to look out for the new 2021 Chevrolet Bolt EV and Bolt EUV crossover next year!
- In 2018, Ford announced that it would invest $11 billion in EV production and have 40 EVs in its lineup by 2022. Ford is committed to keeping that promise by recently unveiling their newest all-electric SUV: the Mustang Mach-E, which is set to hit dealerships as soon as Fall 2020.