Tesla is an American electric motor company that released its first car, electric car in 2009. Though there are rumors that Tesla did not produce the first electric car in the world, the company is known to produce nothing else but cars that don’t run on fuel but another source of clean energy. Many other car brands like Volkswagen and Nissan have started launching their version of electric cars. However, this article is more about companies that are players in the electric vehicle industry alone.
ABB is one of the oldest electrical vehicle (EV) industries in the world. Founded in 1988, they have continued to make their mark as a major player in the EV industry. Though they are more focused on a broad field of producing green products, automobiles just happens to be one of their many areas of concern.
Waymo was founded in 2009 and has its headquarters located in Califonia. Though it began as a company underneath Google, it has become a company on its own that specializes in making self-driving cars. Their goal is to make electric cars and other self-driving technology a norm in the streets. Their cars have become a safe alternative with efficiency and responsibility all at once.
Uber was founded in 2009 and it is amongst the largest motor companies worldwide their vision is to help people find rides that will transport them on-demand throughout the city. They also have a goal to have only electric cars in their fleet by 2030. They currently have a Uber Green section where drivers are allowed to order for drivers with electric cars alone.
Hyliion is relatively new as it was founded in 2015 with its headquarters in Texas. It is a transportation company that is aimed at making vehicles available and accessible for people. But what makes Hyliion a part of this list is that they are focused on powertrain technologies and battery solutions for electric vehicles. They plan to make their fleet 100% EV.
Lucid Motors was founded in 2007 aimed at developing vehicles that join luxury with sustainability. Their vehicles, electric and self-driving, are built for luxury, elegance, and style Their cars are efficient, moving at almost 60 miles per hour. They also have a charging time of just 20 minutes. Other features include voice control, GPS technology, and mobile connectivity.
Electra designs vehicles fit for convenience and efficiency. Their vehicles have enough electrical energy storage that births a long battery lifetime and good energy consumption optimization. The usage systems of their cars are also top-notch making the brand a good company for this list.
Zoox is another fairly new company that began only in 2014. Similar to Uber, they are also a ride-hailing taxi company that works to make ready rides available for people. However, Zoox relies completely on only electric and self-driving cars. Some of the technologies featured in Zoox are 360-degree field of view, real-time computing technology, and sensor lidar.
Ztractor takes a new face by developing and producing electric vehicles for the agricultural sector in form of self-driving vehicles and tools. The technologies also have sensors, cameras, and GPS systems. Their vehicles make farming much easier and more modernized with a chance at an increase in crop yields.
Envoy is a company that connects electric vehicle fleets with real estate property owners. It was founded in 2016 and ever since its establishment, only electric vehicles are used as the company’s mobile transportation. Electric vehicles are also on-demand to make transportation easier incorporate, hotels, and apartment complex environments.
Arrival, the last on this list, was founded in 2015. This EV industry is focused on producing vehicles and other forms of transportation for people. Their electric vehicles are affordable and accessible with a zero-emission model. They produce passenger cars, electric vans, and also buses.
Despite the other ‘alternatives’ for Tesla, there are a few reasons the brand remains on top of the market. Though some brands started earlier than Tesla, they have the first-mover advantage. They also have a great record for autonomous driving. Thirdly, their vehicles have great battery power unlike any other with a range of about 412 miles. That’s why though there are other brands, Tesla continues to take the lead.
- Should I Invest in Penny Stocks? How Much % of My Portfolio Should They Be? - September 27, 2022
- 5-Year and 30-Year Treasuries Inverse – What Does That Mean? - September 1, 2022
- ￼Interest Rate Predictions And How To Check Them Using The Eurodollar Contract - July 18, 2022