Market Overview

Which Automaker Has The Largest U.S. Electric Vehicle Footprint?

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Which Automaker Has The Largest U.S. Electric Vehicle Footprint?

The next generation of electric automobile competition officially began in December when General Motors Company (NYSE: GM) shipped 579 of its award-winning Chevy Bolt EVs. The Chevy Bolt is GM’s first venture into the long-range electric vehicle mass market. The car delivers 238 miles on a full charge and prices just below $30,000 once a $7,500 federal tax rebate is factored in.

The Bolt’s ground-breaking technology is one of the reasons why it was recently named the 2017 Motor Trend Car of the Year.

GM seems to be getting at least a one-year head start on rival Tesla Motors Inc (NASDAQ: TSLA), which anticipates shipments of its highly-anticipated Model 3 will begin before the end of 2017.

GM, Tesla And Others

Despite the mass market potential of the Bolt and the Model 3, both automobiles have a long way to go to reach the top of the electric vehicle sales charts. Here’s a look at the top U.S. electric vehicle models sorted by November sales.

    1. General Motors Chevrolet Volt: 2,531.
    2. Ford Motor Company (NYSE: F) Fusion Energi: 1,817.
    3. Nissan Motor Co Ltd (ADR) (OTC: NSANY) Leaf: 1,457.
    4. Tesla Model S: 1,400.
    5. Tesla Model X: 900.

While Tesla’s brand is synonymous with electric vehicles, 2017 will be a critical year for the company in establishing a dominant presence at the top of the electric vehicle market. In addition to intense competition from GM’s Bolt and Volt, Ford also recently announced plans to bring 13 additional electric models to the market within the next five years.

Image Credit: By Office of U.S. Senator Debbie Stabenow [CC BY 2.0], via Wikimedia Commons

 

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