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General Motors Co (NYSE:GM) and Ford Motor (NYSE:F) Co are among those leading the chase. Last week, Ford’s market value rose above GM for the first time in five years in a sign of increasing investor confidence in its electrification strategy.
Brokerage Wedbush estimates the electric vehicle (EV) market could be worth $5 trillion over the next decade. Here is a list of the major U.S. EV companies, along with their models and deliveries, if applicable:
TESLA INC
** Tesla, led by billionaire Elon Musk, sells four EV models: luxury sedan Model S, a less-expensive sedan Model 3, SUV Model Y and a luxury SUV Model X.
** Musk said the world’s most valuable carmaker is aiming to deliver its second-generation roadster and Semi electric commercial truck in 2023.
** Production of its much-anticipated Cybertruck is likely to begin at the end of this year, with volume production in 2023, he said.
** Tesla delivered 936,172 EVs in 2021
GENERAL MOTORS CO
** GM has paused the retail sale of its Chevrolet Bolt EV after a series of fires last year. It delivered 24,828 Bolt EV/Bolt EUVs in 2021.
** GM, which was recently dethroned as the No. 1 U.S. automaker by Toyota Motor (NYSE:TM) Corp, is aiming to introduce 30 new EVs globally by 2025.
** The company began deliveries of EV pick up truck GMC Hummer in December.
** GM Chief Executive Mary Barra told the annual CES technology conference via video on Wednesday that the electric Chevrolet Silverado pickup will launch in two stages in 2023.
** Initial deliveries of GM’s electric Cadillac Lyriq is expected begin in the first half of 2022.
** GM started delivering the EV600 van last month and will add the smaller EV410 in late 2023.
FORD MOTOR CO
** Ford sold 27,140 Mustang Mach-E electric crossovers last year.
** It expects to deliver F-150 Lightning electric pickup truck beginning spring this year.
** Its 2022 E-Transit van is scheduled to go on sale this year.
RIVIAN AUTOMOTIVE
** The company introduced its R1T high-end pickup truck and R1S SUV in 2018 and began selling both models in 2021.
** Deliveries of Rivian EDV (electric delivery van) began in last month with Amazon.com Inc (NASDAQ:AMZN) as its first customer.
NIKOLA CORP
** Nikola Corp, which has been embroiled in legal and management trouble, began deliveries of its Tre battery electric truck on Dec. 17.
** The company says its hydrogen-powered fuel cell electric truck with a range of up to 500 miles would be available from 2023.
LUCID GROUP
** Lucid began deliveries of the Lucid Air Dream Edition luxury sedan on Oct. 30.
** Firm says it will begin to expand into European markets in 2022 and other plans to achieve 20,000 vehicles this year.
