Prominent Companies Making Electric Vehicles
Less than a decade ago, many dismissed the rise of electric vehicles as a passing trend. But, as the number of fully electric cars on the road grows each year, it’s clear they are far more than a novelty. As electric vehicles have become regular road features worldwide, many prominent auto manufacturers have entered the EV market. Given the valuation of the electric car market at over $500 billion in 2023, there's no surprise that more than 200 companies now produce completely electric cars. To help you navigate this expanding market, we’ve curated a list of the five leading brands creating the best and most viable electric vehicles available.
Tesla
Yes, we know this entry is a huge surprise. But in all seriousness, this company has become synonymous with electric vehicles, which is why you see Teslas all over the road these days. In fact, it's easy to argue that without Tesla making electric cars accessible to everyday people, the EV market wouldn’t have grown as much as it has in recent years. It makes sense. There’s a reason why they are by far the bestselling electric cars in America. Apart from the understandably controversial Cybertruck, Tesla continues to produce some of the best, most reasonably priced EVs available. The perfect example is the Model Y, which has been one of the top-selling vehicles in America, regardless of category, since its debut in 2019.
Ford
We know Ford isn’t the first brand that comes to mind when talking about electric cars. Especially considering that in 2023, Ford’s electric vehicle sector wasn’t exactly profitable. They recently announced they were holding off on debuting new EVs. Still, that doesn’t mean Ford hasn’t produced some of the highest-quality electric cars you can buy. Take the Ford F-150 Lightning, for example. The fully electric version of their bestselling pickup is one of the best electric vehicles available. Capable of performing all the rugged duties of the classic F-150 while offering drivers an amenity-filled, comfortable interior and an incredibly smooth driving experience. Ford also offers a fully electric crossover version of its popular Mustang, the Mustang Mach-E. This vehicle provides a comfortable ride on dirt and paved roads while being recognized as one of the best EVs in America because of its versatility.
Hyundai
Now let's move on to Hyundai, a company that, unlike the manufacturer in our last entry, has recently reaffirmed its commitment to producing fully electric cars. Hyundai’s dedication to the EV market makes a ton of sense, considering they produce some of the best electric cars in the world. The IONIQ 5, their fully electric SUV, and the IONIQ 6, their beautifully designed sedan, are consistently recognized as two of the top-performing, most versatile EVs. This is likely why they're among the most popular electric cars on the market. Also, this company's focus on electric cars doesn't mean they're not manufacturing high-performance vehicles. Their new, fully electric IONIQ 5 N was named the top performance vehicle in the world at the 2024 World Car Awards.
BMW
The three letters representing this industry-leading auto manufacturer are often associated with luxury rather than electricity. However, BMW has found a way to incorporate its iconic luxuriousness into high-quality electric cars. Their iX model has become a bestselling EV in America. Doing so by blending the spaciousness of an SUV, the elite performance of a sports car, and the impressive amenities that have always set BMW apart from other vehicles. The i4 model offers all the same advantages, including expanded cargo space, all in a beautifully designed, affordable sedan.
Mercedes-Benz
Our final entry is another industry-leading luxury brand that has reached its lofty position thanks to unparalleled attention to detail and precision engineering. This dedication has enabled them to craft two of the top fully electric cars in America’s growing EV market. The Mercedes-Benz EQS and the EQE (each available as a sedan and SUV) have seen dramatic sales increases since 2022. This success is due in no small part to their elite engine components, lavish interiors and impressive performance. Together these features create a feeling of affluence unmatched by any other electric car.