ELECTRIC CAR COMPANY: Top Electric Car Stocks of 2023

All types of technology businesses are attempting to make sectors more sustainable, and the transportation sector is no different. Concerns about the environmental impact of gas and diesel-powered engines have prompted many people to consider electric cars as a feasible and more efficient option, and the electric vehicle (EV) industry has exploded as a result. In this guide, we will take a look at this list of electric car company innovators and stocks that operates around the world, in case you want to invest in any of them. Let’s get to it!

What are Electric Cars?

Electric cars, often known as EVs or electric vehicles, are automobiles powered by electricity rather than gasoline. Companies that manufacture EVs are represented by electric car stocks. Companies that manufacture components utilized in electric cars, such as batteries or autonomous driving systems, are also considered part of the electric vehicle sector. Despite the fact that the big car companies are developing and/or manufacturing at least one electric car model, they are not normally termed electric car businesses because their principal products are not electric. The greatest electric car company stocks are usually those who are already making and selling electric cars rather than those that are planning to do so.

Best Electric Car Company Stocks 2023

We will look at the world’s largest electric car company inventors, in which you can also invest.

#1. Tesla

Any list of electric car company stocks must include Tesla, the grandfather of them all. Elon Musk’s inventive technological business, Tesla, is known for manufacturing high-quality, cutting-edge vehicles with cutting-edge and unique features. The Model Y is Tesla’s most popular vehicle to date, followed by the Model 3 and then the Model S. Tesla’s products strike a solid balance between range and affordability. Tesla Motors was instrumental in opening up the EV market for mass acceptance, and it is now by far the most popular electric car manufacturer.

#2. Ford

The Ford Focus Electric was Ford’s first foray into the EV world, although it had a limited range – up to 115 miles in subsequent model years. Ford created a larger sensation when it unveiled the Mustang Mach-E for the 2021 model year. The use of the Mustang moniker as an electric SUV blew off Mustang purists at first, but the Mach-E quickly proved to be one of our favorite EVs.

Ford produces three all-electric vehicles in addition to hybrid versions of several vehicle lines. This includes the E-Transit, a commercial cargo van with three distinct length and roof height options.

#3. General Motors

General Motors began producing sophisticated electric vehicles in the late 1990s with the notorious EV1. It was a little electric car that was perhaps ahead of its time considering the lack of a market and charging infrastructure. It was also too expensive for GM to profit from. Fast forward to 2017, when the Chevrolet Bolt EV was introduced. The timing of the Bolt was considerably better – it debuted after the success of the low-cost Nissan Leaf and the breakthrough Tesla Model S, both of which demonstrated that buyers were warming to electric vehicles.

#4. Hyundai Motors

Hyundai and its sister business, Kia, are South Korean automakers that have achieved significant advances in the world of electric vehicles in recent years. They began with electric versions of current gas-powered vehicles, such as the Hyundai Kona Electric and the Kia Niro EV. Hyundai’s luxury brand, Genesis, is also going into the electric car market. It began with the GV60, a small performance SUV, before introducing two electric versions of gas-powered vehicles.

#5. BMW

BMW’s I model designates vehicles that are only electric. The tiny i3 hatchback (either as a pure EV or with a two-cylinder gasoline range-extender) and the elegant i8 plug-in hybrid sports car were the first electric cars developed by the manufacturer. However, BMW’s current portfolio includes the EV-only i4 compact car, the i7 executive sedan, and the iX midsize SUV. These later models are technologically advanced, including the most recent version of BMW’s iDrive operating system. Many of BMW’s key models are also available in plug-in hybrid (PHEV) variants.

#6. Nissan

Nissan’s electric car options are led by the Nissan Leaf, which is headquartered in Japan. As one of the world’s most popular electric vehicles, the Leaf provides all of the benefits of driving an electric vehicle while remaining reasonably priced. Nissan has been a competitive corporation in the automotive sector for nearly 100 years. Here are some of the things that keep Nissan owners returning for their driving needs. For many years, the Nissan Leaf was the least expensive EV, and it is still one of the most economical options accessible to consumers.

#7. Volkswagen

Volkswagen is a German automobile manufacturer best known for the VW Beetle. It provides a variety of EVs, including the ID.4. The ID.4 is a reasonably priced EV that gets about 97 MPGe and travels about 260 miles between charges.

Volkswagens are a popular car and for good reason. Aside from classic cars like the VW Beetle, many Volkswagen owners remain loyal to the firm year after year due to the manufacturer’s numerous other outstanding characteristics. In comparison to other EVs, Volkswagen’s electric vehicle lineup, including the ID.4, distinguishes out for its safety features and quantity of room.

#8. Kia

Kia is a South Korean car manufacturer that has established itself as a more cheap and durable alternative to rival manufacturers such as Toyota and Honda. With over 26k sales in 2021, the Kia Niro is the most popular EV from this brand in the United States. The 2021 Kia Niro crossover has an estimated range of 239 miles between charges, making it an efficient and cost-effective option for consumers.

#9. Mercedes-Benz

Mercedes-Benz debuted the B-Class Electric in 2014, ushering in the era of modern electric automobiles. This van-like hatchback was derived from the overseas-only B-Class and had a range of only approximately 100 miles. The EQS big sedan, on the other hand, was the company’s first car designed from the bottom up to be an EV. Mercedes utilizes a nomenclature scheme identical to that of its gasoline-powered automobiles, but with the initials “EQ” added in front, so the EQS is basically equivalent in size and price to the S-Class, while the two vehicles are considerably dissimilar.

#10. Rivian

Rivian Automotive, Inc., based in Irvine, California, designs, develops and produces category-defining electric vehicles and accessories, which it sells to customers directly. Since its inception in 2009, the firm has released three vehicles: the R1T and R1S adventure vehicles, as well as the EDV, an electric delivery van custom-designed for Amazon. Rivian Automotive manufactured 7,363 vehicles in Normal, Illinois, and delivered 6,584 vehicles during the third quarter of 2022.

#11. Uber

Uber is one of the world’s leading ridesharing firms, providing on-demand trips in cities all over the world. Also, Uber Comfort Electric and Uber Green were introduced, allowing riders to connect only with drivers who drive hybrid or completely electric cars. By 2030, the corporation intends to have exclusively electric cars in its fleet.

#12. Electra Vehicles

The Electra Vehicles develops electric energy storage and utilization systems for both car and power grid applications, assisting in the optimization of energy use and battery lifetimes. Electra Vehicles’ product offerings include an application that compares battery options to assist firms choose the best one for their electric vehicles, thanks to a staff that previously came from NASA, Toyota, and other major universities.

#13. Chevrolet.

Chevrolet already has two fully-electric vehicle models on the market: the Bolt EV and the Bolt EUV. The business is planning three more electric cars, including the Silverado EV pickup truck.

#14. Volvo Group

In addition to five hybrid variants, Volvo also offers two pure electric car options. The EX90 SUV, a third electric vehicle model, is now available for reservation and will be delivered to drivers in 2024. By 2025, the business hopes to have at least half of its car offerings fully electric.

#15. Hyliion

Hyliion is a transportation startup focusing on sustainability that develops powertrain technologies and battery solutions to make electric vehicles more affordable and accessible. Scalable solutions from the company make it easier for clients to integrate electric vehicles into their existing fleets, minimizing the need to replace entire infrastructures and assisting more businesses in achieving zero emissions.

#16. NIO

NIO, headquartered in Shanghai, China, is a market leader in the premium smart electric car sector. The firm, which was founded in 2014, designs, develops, co-manufactures, and distributes premium smart electric vehicles with superior capabilities in autonomous driving, digital technologies, electric powertrains, and batteries.

#17. Arrival

Arrival is a car manufacturer dedicated to transforming the transportation industry to a zero-emissions paradigm through the development of inexpensive and accessible electric vehicles. Also, Arrival manufactures electric vans and buses in addition to passenger cars. The company collaborates with government agencies and businesses to assist them become more sustainable and energy efficient.

#18. Forth

Forth is a pioneer in the field of electric and smart car technology, making completely electric and hybrid-electric vehicles available for personal and ride-sharing usage. The company’s web platform collects data and statistics on vehicle range, horsepower, and other attributes, as well as provides price and rebate choices to clients.

#19. WiTricity

WiTricity is a novel new way to assist sustainable mobility by allowing electric vehicle owners to charge their cars wirelessly. AlsoWiTricity eliminates the need for extra components or cables by offering a park-and-charge, cord-free charging solution that works just as quickly and effectively as plug-in chargers.

#20. Canoo

Canoo’s diverse electric vehicle choices, ranging from personal vehicles to freight delivery trucks, let both individual and corporate clients meet their mobility demands in a sustainable manner. Walmart agreed to buy 4,500 electric vehicles from Canoo to begin deliveries in 2023.

What Makes the Electric Car Industry Different?

Because it is so new, the electric car sector differs from the regular automotive industry. Until recently, only a few firms produced any type of electric car; nevertheless, every major automaker in the world is now developing or producing an EV.

Because EV enthusiasm is so new, Tesla is the only established industry leader. Start-up EV manufacturers can fight reasonably successfully for EV market share with major automakers, making it difficult to predict which businesses will eventually dominate the electric car industry. Because of this uncertainty, investing in the electric car business is riskier than increasing portfolio exposure to the automotive industry as a whole.

The Future of the Electric Car Industry

The United States infrastructure bill, which was signed into law in late 2021, eventually eliminated numerous EV-related measures, but financing for EV charging was included. The law includes $5 billion for states to establish a nationwide charging network, as well as $2.5 billion for grants. Because access to charging infrastructure remains a problem for EV owners, this multibillion-dollar investment in charging infrastructure should help enhance the popularity of electric vehicles in the long run.

Many EV businesses are going public, while conventional automakers intend to release a slew of electric vehicles during the next five years. Investing in this highly competitive and rapidly rising market is likely to be successful, but it is critical to take precautions to reduce your investment risk. Don’t just invest in one electric car firm; instead, have interests in multiple companies around the world of varying sizes and consider purchasing shares in an ETF.

Who Is the Biggest Electric Car Company?

Tesla. Tesla is the world’s largest EV manufacturer, with a market capitalization of more than $580 billion. The most noticeable feature that distinguishes Tesla from other automakers is its supply chain.

How Many Electric Vehicle Companies Are There?

As of 2023, there are 260 Hybrid & Electric Vehicle Manufacturing companies in the United States, a 12.5% growth from 2022.

What Are the Top 10 Electric Car Companies?

You can identify your top ten electric car company stocks from our list above.

What Is an Electric Vehicle Stock Price?

The stock price of an electric car is essentially the price at which the corporation that owns the electric car decides to sell its electric car.

What Are the 2023 Top-Rated Electric Car Models?

Best Electric Car Models You Can Buy in 2023 include:

Porsche.
2024 Mini Cooper Electric
2023 Hyundai Ioniq 5. .
2023 Hyundai Ioniq 6.
2023 Porsche Taycan.
2023 Porsche Taycan Cross Turismo.
2023 Audi e-tron GT.
2023 Kia EV6. DW Burnett.

Conclusion

The car firms mentioned above aren’t the only ones making electric cars. However, not every one of them has had the same influence or variety in their lineup. So it’s up to you to invest in or patronize any of these top electric car company creators who are well-known around the world.