Factbox: U.S. automakers line up electric vehicle models to take on Tesla

A logo of electric vehicle maker Tesla is seen near a shopping complex in Beijing, China on January 5, 2021. REUTERS / Tingshu Wang / File Photo / File Photo

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Jan. 5 (Reuters) – Demand for electric vehicles prompted U.S. automakers last year to reveal plans to spend billions of dollars to electrify gasoline-powered models or introduce electric cars and trucks with the aim to catch up with market leader Tesla Inc (TSLA.O).

General Motors Co (GM.N) and Ford Motor Co (FN) are among those leading the chase. Ford’s market value last week surpassed GM’s for the first time in five years, a sign of growing investor confidence in its electrification strategy.

Brokerage firm Wedbush estimates that the electric vehicle (EV) market could be worth $ 5,000 billion over the next decade. Here is a list of the top U.S. electric vehicle companies, along with their models and shipments, if applicable:

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TESLA INC

** Tesla, led by billionaire Elon Musk, sells four models of electric vehicles: the Model S luxury sedan, a cheaper Model 3 sedan, the Model Y SUV, and a Model X luxury SUV.

** Musk said the world’s most valuable automaker aims to deliver its second-generation roadster and semi-electric utility truck in 2023. read more

** Production of his highly anticipated Cybertruck is slated to begin at the end of this year, with volume production in 2023, he said. Read more

** Tesla delivered 936,172 electric vehicles in 2021 read more

GENERAL MOTORS CO

** GM has suspended retail sales of its Chevrolet Bolt EV after a series of fires last year. It delivered 24,828 Bolt EV / Bolt EUV in 2021. read more

** GM, which was recently dethroned as the No. 1 U.S. automaker by Toyota Motor Corp (7203.T), aims to introduce 30 new electric vehicles to the world by 2025.

** The company began deliveries of GMC Hummer electric pickup trucks in December. Read more

** GM chief executive Mary Barra told CES’s annual tech conference on Wednesday Wednesday that the Chevrolet Silverado electric pickup will launch in two stages in 2023. read more

** The first deliveries of GM’s electric Cadillac Lyriq are expected to begin in the first half of 2022.

** GM started shipping the EV600 van last month and will add the smaller EV410 at the end of 2023.

FORD CO ENGINE

** Ford sold 27,140 electric Mustang Mach-E crossovers last year. Read more

** It plans to deliver the F-150 Lightning electric pickup truck in early spring of this year. Read more

** Its 2022 E-Transit van is slated to go on sale this year.

RIVIAN AUTOMOTIVE

** The company (RIVN.O) introduced its premium R1T pickup truck and R1S SUV in 2018 and started selling both models in 2021. read more

** Rivian EDV (electric delivery van) deliveries began last month with Amazon.com Inc as the first customer.

NIKOLA CORP

** Nikola Corp (NKLA.O), which has been embroiled in legal and management issues, began deliveries of its Tre battery-electric truck on December 17.

** The company says its hydrogen fuel cell electric truck with a range of up to 500 miles would be available from 2023.

LUCID GROUP

** Lucid (LCID.O) began deliveries of the Lucid Air Dream Edition luxury sedan on October 30.

** The company announces that it will start expanding into European markets in 2022 and plans other plans to reach 20,000 vehicles this year. Read more

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Reporting by Aishwarya Nair, Kannaki Deka and Akash Sriram in Bengaluru; Editing by Arun Koyyur

Our Standards: Thomson Reuters Trust Principles.


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