Tesla is indeed a leading car company when it comes to electric vehicles (EVs). But if you think it holds a monopoly, think again.
The EV market in the United States and worldwide are gradually getting more crowded, especially with the emergence of major automakers other than Tesla asserting they will launch new vehicles of this kind in the next four years.
Take a look at Tesla’s biggest rivals in EV production, not just in the United States but worldwide, in this news story.
From the Netherlands’ Stellantis to Toyota
First, you’ve got Stellantis, a car company based in the Netherlands. Last April 5th, it unveiled details about its all-electric 2025 Ram 1500 REV, poised to be the company’s first battery-electric light-duty pickup truck that will be manufactured in the United States. The car will be available during the fourth quarter of next year.
Then, you’ve got NIO, an EV maker based in China. Recently, NIO announced it would deliver its electric SUV EC7 this May and ES8 this June. But, just last week, this car company surprised the EV industry after it revealed it had started the deliveries of its coup SUV EC7 three days earlier than expected.
Meanwhile, you also got General Motors (GM) and Toyota challenging Tesla’s presence. GM recently unveiled its latest super truck, the 2023 GMC Hummer EV, empowered with improved specifications such as an estimated driving range of up to 355 miles on a full charge.
In addition, GM also debuted its all-new 2024 GMC Hummer EV Edition 1 and GMC Hummer EV 3X SUVs, both with standard 22-inch wheels or Extreme Off-Road packages.
Japanese automaker Toyota is also showing some prowess. Soon, the company will roll out its three-row SUV, which will start production in the United States by 2025. Toyota also said it will launch 10 new EVs worldwide this 2026.
Honda
But perhaps the biggest competitor of Tesla is Honda. During its 2023 Honda Business Briefing last week, the car company unveiled its plans to retool three of its manufacturing plants in the United States, particularly in the state of Ohio, for EV production.
Honda’s three manufacturing plants in Ohio are slated to be the company’s EV production hubs for North America. It plans to make two million EVs yearly by 2030, and increase its EV and fuel cell EV production to 100 percent globally by 2040.
Moreover, in 2025, Honda said it will deliver its first mid- to large-size EVs across North America. These are based on its original dedicated EV platform.
Honda is also considering introducing two EV models by 2024: the Honda Prologue and Acura ZDX. Honda is co-developing these EVs with GM. Also, Honda is set to develop cheaper EVs under this joint venture which will go on sale in 2027.
The company is also banking on China as it announced that, in early 2024, it would deliver its e:NS2 and e:NP2 EVs to the East Asian nation. And by 2024’s end, Honda will deliver in China cars based on its e:N SUV xù concept model revealed during the recent Auto Shanghai event.
That is not all. To touch on its market in Japan, Honda will deliver an N-VAN commercial-use mini-EV model to the country in 2024.
What do you think of these Tesla competitors? Do you think they would topple Elon Musk’s car brand?
