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5 Most Valuable Electric Car Brands 2021 Excluding automotive powerhouses that have launched EV lineups, the top five EV brands had a combined market value of $923 billion as of September 17, 2021.
Global car sales witnessed a 16% decline last year, according to the International Energy Agency, but on the sustainable front, 2020 was a record-setting year for electric vehicle sales, which recorded a year-onyear growth of 40%. As mainstream automakers join the electric car race, the brands exclusively producing allelectric vehicles are catching up, with some EV companies ranking among the world’s most valuable car firms. Here are the world’s top five.
F O R B E S M I D D L E E A S T.C O M
Tesla Country: U.S.
Market value: $760.8 billion
EV deliveries in H1 2021: 386,181 EV deliveries in 2020: 499,550 Cofounded by billionaire Elon Musk in 2003, Tesla continues to dominate the global EV market with a 15% market share as of H1 2021, according to Canalys. The Silicon Valley firm’s net income breached the $1 billion-mark for the first time in its history during the second quarter of 2021. The company’s Shanghai Gigafactory in China now serves as Tesla’s primary vehicle export hub. Despite its Berlin Gigafactory facing environmental concerns and strict German regulations, Tesla says it remains on track to begin building its bestselling Model Y vehicles in its European plant in 2021.
OCTOBER 2021
BY CHERRY AISNE TRINIDAD; VANDERWOLF IMAGES / SHUTTERSTOCK.COM
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