Tesla released the first EV in 2008, and the company held the majority of the EV market share worldwide for several years. Several well-known automakers, including Volvo, Audi, Ford, and others, have also introduced plug-in hybrid electric vehicles (PHEVs) and a small number of full-battery electric vehicles (BEV). Essentially, every new all-electric car manufacturer will introduce BEV options to the market in the coming years. In this article, we’ll discuss the best new electric car companies in California that will enter the market in 2023 and the following years.
New Electric Car Companies 2023
A large number of new electric car companies will enter the EV share market in 2023. The following list shows some of the best car companies offering new EV solutions to drivers around the world.
#1. Canoo
Canoo is one of the most popular new electric car companies that was founded in 2018. When it was chosen as the primary designer and manufacturer of EVs for the Artemis mission, the company received NASA’s stamp of approval. Canoo also agreed to supply Walmart with 4,500 electric vehicles for their industrial fleet. The company will be introducing its first SUV EV late in 2022. Pre-orders have already begun, with a starting price of $34,750.
#2. Fisker, Inc.
Fisker Inc., which was founded in 2016, is predicted to be one of the best new electric car companies, and it will release its first EV in late 2022. The company will start by launching an SUV called the Fisker Ocean, for which preorders have already opened at a starting price of $37,99. The Fisker Ocean’s planned production for 2023 has already been sold out, so the business plans to increase the production pace for the year.
#3. Rivian
Rivian was created in 2009 with the goal of developing dependable and strong EV solutions for the general public. This is one of the new EV car manufacturers gaining market traction, as it is backed by huge companies such as Amazon and Ford. Amazon has even requested 100,000 EV delivery vans for future years.
The fourth quarter of 2022 will see the introduction of electric automobiles to the broader public. The initial EV will focus on off-road capable SUVs starting at $67,500, making it one of the most anticipated future electric car companies. Preorders are currently open.
#4. Faraday Future
Established in 2014, Faraday Future is one of the most anticipated EV manufacturers, with a debut scheduled for the fourth quarter of 2022. The FF 91, an EV with an original futuristic look and numerous interesting features is the first vehicle manufactured by this EV company. Customers may already have designed and preordered their FF 91 EVs.
New Growing Electric Car Companies (2023)
Electric vehicles have long been hailed as a potential savior from climate change, a cleaner way to commute around major cities, and an effective solution to weaning the world off of fossil fuels.
A total predicted market value of $185 billion, with a CAGR of 24% expected over the next six years, demonstrates how strongly the assumption is that EVs will become more ubiquitous as the underlying technology improves and evolves.
We’ve compiled a list of some of the most inventive and interesting EV startups and big companies from North America, Europe, and Asia. Read on for our list of the world’s top new car companies in 2023.
#1. Canoo
- Location: Torrance, California
Canoo, situated in California, has developed rapidly since its foundation in 2018, following NASA’s selection as the official vehicle supplier for the first human lunar landing in more than 50 years. Featuring a team of more than 350 leading automotive and technology experts, Canoo is positioning itself to be a leader in the rapidly-expanding EV space.
#2. Zenobe Energy
- Location: London, United Kingdom
Zenobe, situated in London, is the largest independent owner of battery storage in the UK. Also, Zenobe batteries power 25% of the UK’s e-bus market, with lofty goals of 3,000 e-buses by 2025. Zenobe, founded in 2017, aims to save over 1 million tons of CO2 per year and over 92 million liters of diesel per year.
#3. Vinfast
- Location: Hanoi, Vietnam
The majority of the new electric car companies on this list are based in North America or Europe. Vinfast, on the other hand, is Southeast Asia’s answer to high-quality electric vehicles. Vinfast launched its first three models in 2019, and they quickly became market leaders in all three segments in Vietnam.
#4. WeaveGrid
- Location: San Francisco, California
WeaveGrid’s software assists in the modernization of old electrical grid infrastructure in order to prepare cities for the dramatic increase in the number of electric vehicles on the road in the coming years.
#5. Freewire Technologies
- Location: San Francisco, California
The “ultrafast” line of chargers from Freewire makes it simple to replace older, slower chargers and Level 2 EV chargers that take much longer to fully charge a customer’s vehicle. Freewire, which has a client list that includes Ampm, the Oklahoma Aquarium, Netflix, and Adobe, was recently named one of the ten most innovative companies in transportation by Fast Company.
#6. Rad Power Bikes
- Location: Seattle, Washington
E-bikes have exploded in popularity since the pandemic started, outselling electric cars and riding a wave of momentum as they potentially change the future of urban transport. Rad has followed in the footsteps of many other successful DTC companies by selling their stylish, sleek electric bikes directly from their website. Transparent pricing and simple purchase options have helped propel the Seattle-based startup to the position of the largest purveyor of electric bikes in the United States.
#7. Fisker
- Location: Los Angeles, California
The Fisker Ocean is the first of a wave of new electric vehicle models to be released into the market by an ever-growing list of EV manufacturers.
Fisker’s flagship model has a range of approximately 250 miles and a 17-inch center touchscreen (similar to Tesla’s). Fisker’s previous iteration, the Fisker Karma, failed due to battery supply issues. Fisker is now poised for sustained success according to founder Henrik Fisker.
#8. Volta Charging
- Location: San Francisco, California
Volta has been a pioneer in the distribution of electric chargers in the United States since 2010. The San Francisco-based company cleverly installed large LED flatscreens on their charging units, allowing them to sell valuable advertising space while customers charge their cars.
#9. Aptiv
- Location: Dublin, Ireland
Aptiv’s strategy is to master the software and networking behind the next generation of electric vehicles rather than focusing on building and manufacturing them. Software ranging from safety to autonomy is part of a diverse product line. The goal of the Dublin company is to be the leader in end-to-end solutions that power the future of transportation.
#10. Zoox
- Location: Foster City, California
Zoox, an EV startup within Amazon, lives by the slogan “the future is for riders.” Their self-driving electric vehicles were designed with the goal of creating safer streets, preventing driver error (94% of crashes are caused by driver error), and allowing people to commute without having to focus on the road.
#11. Hyzon Motors
- Location: Honeoye, New York
Hyzon Motors’ goal is to address the massive problem of C02 emissions from the trucking industry as a whole (26% of global C02 emissions). Hydrogen-powered vehicles with fuel cell technology have long been the holy grail of what vehicles could eventually be propelled by, but costs and innovation have stymied adoption.
#12. Rivian
- Location: Plymouth, Michigan
Rivian was established in 2009 as Tesla’s early competitor. Also, Rivian focused on creating electric adventure vehicles and a green mission to be environmentally friendly after building their business around the concept of a “skateboard chassis” that can support numerous types of different EVs.
#13. Atlis Motor Vehicles
- Location: Mesa, Arizona
Atlis is focusing solely on electronic trucks, rather than targeting the broad, mainstream market with electric vehicles in an increasingly crowded field. Specifically, converting existing gas and diesel trucks to electric. Proprietary battery technology with patents pending is what the startup is banking on to set them apart in the EV space.
#14. ChargePoint
- Location: Campbell, California
If EVs are ever going to become the de facto vehicle of choice, the world needs a robust network of reliable charging stations. ChargePoint operates the largest independent chain of EV charging stations in the world, with operations in over ten countries.
ChargePoint surpassed 100,000 chargers in 2019 and continues to add over 2,000 chargers per month. As they continue to broaden their reach, they have installed chargers inside both of Disney’s US theme parks.
#15. Polestar
- Location: Göteborg, Sweden
What they do: Polestar originated as Volvo’s in-house incubator for high-performance EVs and a lab for testing performance trims for their standard Volvo line of vehicles. In 2017, Polestar spun off with a mandate to create world-class EVs under their own badge and name.
#16. Ola Electric
- Location: Bengaluru, India
With more than 80% of vehicles sold in India being two-wheelers, India has the highest sales of these vehicles. Despite their small size, these vehicles contribute to 40% of India’s pollution. Ola’s focus is solely on dominating the two-wheeler market with its all-electric, appealing scooters.
New Electric Car Companies California
The following are the new electric car companies in California for 2023:
#1. Mullen Technologies
- Location: Brea, California
Mullen aspires to be a gold standard, All-American manufacturer of next-generation electric vehicles, competing with Tesla. Their first planned vehicle, the Mullen Five, is a stylish electric SUV crossover.
#2. Sila Nanotechnologies
- Location: Alameda, California
More than 100 patents have been filed, 55,000 material iterations have occurred, and over ten years of chemistry innovation have occurred. Sila, based in California, boasts these figures as they continue to improve their silicon-based batteries. Traditional batteries are primarily made of lithium, which has significant limitations.
#3. Proterra
- Location: Burlingame, California
Proterra creates electric buses that are powered by overhead charging stations. In 2018, Daimler invested $155 million in the company. Proterra claims to have sold over 370 buses to clients from various state government transit arms, corporate companies, and universities.
#4. Open Motors
- Location: Palo Alto, California
When you visit Open Motor’s website, you’ll notice that they begin with the quote “the era of classic car manufacturers is over,” which was mentioned by Volkswagen CEO Herbert Diess in 2020. Open Motors’ open-source software allows anyone to design electric, modular vehicles, and the company has received funding from Y Combinator and renowned investor Sam Altman.
#5. Romeo Power
- Location: Los Angeles, California
Romeo is a leading provider of electrification for commercial vehicles, including small delivery vehicles and long-haul transportation trucks. As their battery system continues to secure new contracts from delivery providers across the US, Romeo has been racking up under the radar, and anonymous new customers win.
What is the New Company Making Electric Cars?
New electric car companies to know
- Tesla.
- Lucid Motors.
- Zoox.
- Aptiv.
- Rivian.
Who Will be the Leading Electric Car Company?
Tesla (TSLA) is the undisputed leader among the largest electric car companies by market capitalization. In the fourth quarter of 2022, the EV giant produced over 439,000 vehicles and delivered over 405,000.
Who is Tesla’s Biggest Competitor?
BYD, Tesla’s main Chinese competitor, and other Chinese manufacturers saw huge sales growth toward the end of last year, while Tesla’s numbers fell more than 40% in December.
What is the Electric Car by Elon Musk?
Tesla. Electric Cars, Solar, and Clean Energy.
Who has Sold the Most Electric Cars?
Tesla
Tesla maintains a commanding lead, accounting for 65% of total EV sales in the United States in 2022.
Conclusion
Keep an eye on this list of new electric car companies as they scale, grow, and ship in an effort to become the de facto mode of transportation worldwide as climate concerns and a sharp focus on cleaner transportation continue to garner significant worldwide attention.
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