| Code: MTA4313 | Publication Date: Jun 2025 |
For detailed forecasts, data tables, and competitive benchmarking,
Explore the full Global electric vehicle (EV) market.
There are a range of key trends that are emerging within the EV market, including solid-state battery development, continued growth in autonomous EVs, and partnership between technology and auto manufacturers to advance EV connectivity and performance. Emerging trends transforming the EV market will include battery-as-a-service (BaaS) models, EV-based ride-sharing services, and charging stations that are also smart grid compliant.
| Company Name | BYD Auto Co., Ltd. |
|---|---|
| Headquarters | Shenzhen, China |
| Established Year | 2003 |
| Official Website | Click Here |
BYD surpassed Tesla in total new energy vehicle (NEV) sales in 2023 and became the top BEV seller in Q1 2025. It delivered over 4 million NEVs in 2024 and targets 5.5 million in 2025.
| Company Name | SAIC Motor Corp., Ltd. |
|---|---|
| Headquarters | Shanghai, China |
| Established Year | 1955 |
| Official Website | Click Here |
One of China's largest automakers, SAIC sold more than 4 million vehicles in 2023, ranking second or third globally in EV output and third in plug-in sales.
| Company Name | General Motors |
|---|---|
| Headquarters | Detroit, Michigan, USA |
| Established Year | 1908 |
| Official Website | Click Here |
GM is scaling its EV transformation with Ultium battery platforms and plans to ramp up annual production to over 1 million EVs by 2025.
| Company Name | Hyundai-Kia Motor Group |
|---|---|
| Headquarters | Seoul, South Korea |
| Established Year | Hyundai: 1967, Kia: 1944 |
| Official Website | Click Here |
This duo has grown rapidly with EVs like the Ioniq 5 and EV6, selling over 500,000 EVs in Q1 2025, and expanding factory output globally.
| Company Name | Geely-Volvo Group (including Zeekr) |
|---|---|
| Headquarters | Hangzhou, China |
| Established Year | Geely: 1986 |
| Official Website | Click Here |
Geely and its brands sold nearly 450,000 EVs in Q1 2025. Its premium Zeekr sub-brand shipped 114,000 units and is expanding into global markets.
| Company Name | Renault-Nissan-Mitsubishi Alliance |
|---|---|
| Headquarters | Boulogne-Billancourt, France |
| Established Year | Alliance formed: 1999 |
| Official Website | Click Here |
Combined, this group delivered approximately half a million EVs in Q1 2025, driven by models like Renault ZOE, Nissan Leaf, and Mitsubishi Outlander PHEV.
| Company Name | Tesla, Inc. |
|---|---|
| Headquarters | Austin, Texas, USA |
| Established Year | 2003 |
| Official Website | Click Here |
Tesla remains a global EV leader known for high-performance EVs like the Model 3, Y, S, and X. It delivered 1.8 million vehicles in 2023 and retains nearly 20% of the battery electric vehicle (BEV) market.
| Company Name | Ford Motor Company |
|---|---|
| Headquarters | Dearborn, Michigan, USA |
| Established Year | 1903 |
| Official Website | Click Here |
Ford is targeting 600,000 annual EV sales by 2025, buoyed by the Mustang Mach E and F-150 Lightning pickups, and significant investments in North American EV factories.
| Company Name | Volkswagen Group |
|---|---|
| Headquarters | Wolfsburg, Germany |
| Established Year | 1937 |
| Official Website | Click Here |
VW is aggressively electrifying its lineup. It leads BEV sales in Europe, with its ID family representing a major share of its global EV market.
| Company Name | Stellantis |
|---|---|
| Headquarters | Amsterdam, Netherlands |
| Established Year | Formed: 2021 (merger) |
| Official Website | Click Here |
The global automaker behind brands like Peugeot, Fiat, and Jeep, Stellantis is targeting over 1.2 million EV sales in 2025, challenging legacy manufacturers.