Chasing Tesla: Here Are the Current Electric Vehicle Plans of Every Major Car Maker

25th August, 2021.      //   General Interest  // 

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At President Joe Biden’s urging, the auto industry pledged to spice up production of electrical vehicles to the purpose that they account for about 1/2 total U.S. sales by 2030, a thought that raises hopes that EVs can shift from niche to normal.

EVs, including Tesla (ticker: TSLA), accounted for two.4% of U.S. cars sold in 2020, up from 0.7% five years ago, per BloombergNEF. The research provider expects that share to extend to 11% in 2025; by 2030, it expects that slightly over a 3rd of vehicles sold within the U.S. are electric.

Several auto makers had already announced bigger EV ambitions even before the White House call.

Here are each major car maker’s stated plans for EVs, including, when available, investment amounts and therefore the range of models they hope to waken market.

This information was collated from company sites, previous reports, and BloombergNEF projections, and can be updated regularly.

Audi
Audi, a brand known for its luxury cars and owned by Germany’s Volkswagen AG (VOW), has promised to own battery-electric vehicles comprise 35% of its sales by 2025. By that point, Audi buyers will select from about 20 EV models.

BMW
BMW (BMW), a luxury-car maker from Germany, was among the primary EV innovators. It launched its i3 compact EV eight years ago, then united of the few serious competitors to Tesla’s vehicles.

BMW’s EV pipeline has slowed, but the auto maker has promised that 25% of its European sales are all-electric and hybrid vehicles this year, which all sales of its Mini brand are going to be battery electric by 2030. It expects to launch quite 10 battery EV models within the next number of years.

Daimler/Mercedes-Benz
Mercedes-Benz, owned by Daimler (DAI), expects that between 15% and 25% of its sales are going to be comprised of EV sales by 2025; by 2030, that percentage is predicted to grow to 50%. Mercedes-Benz is slated to finish 2021 offering three new electric railway car models and more to return in 2022.

Ford
Ford Motor (F) has said that 40% of its global sales by 2030 are going to be sales of EVs. Ford is going to have dozens of electrified models by 2022, the year which will also mark the debut of its much-awaited all-electric F-150 Lightning motortruck.

Ford has called the Lightning the “pillar” of its over $22 billion gage EVs, which incorporates EV models for other best-selling vehicles like the Mustang and its Transit van.

GM
General Motors (GM) surprised Wall Street in January by saying it aims to terminate all of its burning engine vehicles by 2035 and only sell zero-emission vehicles by then. The auto maker also promises to be carbon-neutral by 2040.

GM has said that it’ll offer 30 all-electric models globally by mid-decade, which 40% percent of the company’s U.S. models are battery electric vehicles by the top of 2025. Its Hummer electric is predicted for next year, with production starting this fall.

Honda
The Japanese maker (HMC), which owns the namesake Honda brand and also the luxury-car brand Acura, is projected to derive 40% of its sales from EVs and fuel-cell electric cars by 2030. In April 2020, Honda and GM announced a partnership to develop Honda electric cars using GM’s Ultium batteries.

Hyundai
The Korean car maker (005380.South Korea), which also owns Kia, is getting to have 40% of its Kia and Hyundai brands sales to be of EVs and fuel-cell electric vehicles by 2025. Its Hyundai brand plans on over 30 electric passenger vehicles by then.

Mazda
Mazda plans to supply 5% of its vehicles as battery electric by 2030, but EV sales targets as a percentage of total sales are unknown at the instant. Mazda doesn’t offer EVs within the U.S., but sells some EV and hybrid models elsewhere.

Nissan
Nissan Motor (7201.Japan) was among the primary auto makers to supply an all-electric vehicle, and its the Nissan Leaf for years was one amongst the few options available for those without the deep pockets needed for a Tesla Model S.

Nissan plans to supply 20 EV models in China by next year, and for the U.S. the corporate recently said it plans that quite 40% of its U.S. vehicle sales by 2030 are fully electric.

Porsche
The car maker and almost synonym of sports cars is attending to have 1/2 its sales be of EV vehicles by 2025.

Stellantis
Stellantis NV (STLA), the world auto maker formed earlier this year through the merger of Fiat Chrysler Automobiles NV and France’s PSA Group, said in July it absolutely was investing $35 billion in EVs and adjacent technologies through 2025.

By that year, Stellantis is anticipated to derive 31% of its U.S. sales and 38% of its European sales from EVs, percentages that are seen growing to 35% of U.S. sales and 70% of European sales by 2030.

Subaru
The Japanese maker (7270.Japan) is predicted to derive 40% of its sales from EVs and hybrid electric vehicles by 2030.

Toyota
Some 70% of sales for the world’s No. 1 car maker (TM) are expected to return from EVs and fuel-cell electric vehicles by 2030. Toyota plans to supply 15 battery EV models by 2025. The car maker, of course, broke ground with its hybrid Toyota Prius 20 years ago.

Volkswagen

The car maker (VOW3) is anticipated to derive 70% of its European sales from EVs and 50% of its U.S. sales from EVs by 2030. Volkswagen has pledged to spend about $40 billion through 2025 on EVs.