5 Biggest Electric Car Companies in the World

We will take a look at the 5 biggest electric car companies in the world. To read our analysis of the recent market trends, you can go to the 15 Biggest Electric Car Companies in the World.

5. Mercedes Benz Group AG

Market Capitalization: $61.8 billion

Stuttgart, Germany-based Mercedes Benz Group AG is one of the leading global suppliers of premium and luxury cars and vans. With a history dating back to 1886, the company sells its vehicles and services in nearly every country of the world and has production facilities in Europe, North and Latin America, Asia, and Africa.

In June 2022, Mercedes Benz Group AG announced its electric drive strategy to go all electric by the end of the decade. The company intends to invest over €40 billion into battery electric vehicles between 2022 and 2030. As part of this plan, the company expects to start production of electric vehicles at seven locations on three continents.

The electric vehicle product lineup Mercedes Benz Group AG is sold under the Mercedes-EQ brand and consists of EQC, a compact SUV; EQV, based on the V-class platform; EQA, a second-generation crossover SUV; and EQB, an all-electric compact SUV. The company sold 37,069 electric vehicles during the third quarter of 2022.