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Rounding out the top 5 is Honda ‘s (NYSE:HMC) Passport SUV, dropping one spot from 2022. Other electric vehicles appearing in the top 20 are the Volkswagen (ETR:VOWG_p) ID.4 SUV and the Toyota (NYSE:TM) Sequoia Hybrid SUV.
The 2023 index captures the dynamic nature of an industry that is progressively transitioning towards electrification. Previously, in 2022, hybrid and all-electric models constituted 14 out of 95 vehicles in the AMI, accounting for 15% of the total. However, in the current year, the top 60 alone feature 14 such vehicles, with a total of 22 (22% of the total).
Notably missing from the list is Rivian Automotive Inc (NASDAQ:RIVN), whose Normal IL., manufacturing plant makes the R1S SUV and R1T pickup truck. However, because both vehicles’ lowest gross vehicle weight ratings exceed the 8,500-pound maximum required to comply with American Automobile Labeling Act reporting, Rivian isn’t subject to those regulations of sourcing. The Ford (NYSE:F) F-150 Lightning, ranked No. 38 on this year’s list, only just slips under the weight limit.
Shares of TSLA are down 0.22% in early trading on Wednesday.
