Factbox-U.S. automakers line up EV models to take on Tesla By Reuters

© Reuters. FILE PHOTO: A logo of the electric-vehicle maker Tesla is seen near a shopping complex in Beijing, China January 5, 2021. REUTERS/Tingshu Wang/File Photo/File Photo

(Reuters) – The demand for electric vehicles pushed U.S. automakers last year to unveil plans to spend billions of dollars to electrify gasoline models or introduce electric cars and trucks in a bid to catch up with market leader Tesla (NASDAQ:) Inc.

General Motors Co (NYSE:) and Ford Motor (NYSE:) 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:) 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:) 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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*