ELECTRIC CAR MARKET companies

Market Concentration and Competitive Landscape

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Growing consumer awareness of environmental sustainability

People globally are increasingly worried about deteriorating air quality and the alarming pace of global warming. There is a strong sentiment that urgent action needs to be taken to reduce emissions from the transportation sector which accounts for a sizable share of overall pollution. Electric vehicles, with their zero tailpipe emissions, are seen as an important part of the solution. Younger generations especially demonstrate a strong enthusiasm to adopt greener solutions and lifestyles. Automakers too have upped their promotional efforts highlighting the eco-friendly nature of their EVs. With much discussion around sustainability and climate change on various media platforms, environmental consciousness has risen manifold in recent years. This has positively impacted the perception around electric vehicles and more individuals now see them as a way to shrink their carbon footprint. Charging infrastructure build-out in major cities and standardization of technology have also made EVs a more viable option than before.

• Tesla, Inc.
• Nissan Motor Corporation
• BMW AG
• Ford Motor Company
• General Motors Company
• Volkswagen AG
• Hyundai Motor Company
• Kia Corporation
• Audi AG
• Mercedes-Benz AG
• BYD Company Limited
• Rivian Automotive, Inc.
• Lucid Motors, Inc.
• Polestar Automotive Holding AB
• Volvo Cars