5 Biggest Electric Car Companies in the World

4. Volkswagen AG

Market Capitalization: $74.7 billion

Volkswagen AG, also known as the Volkswagen Group, is a multinational automotive manufacturer based in Wolfsburg, Germany. The Group is made up of twelve brands from seven European countries: Volkswagen, Audi, SEAT, ŠKODA, Bentley, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.

Founded in 1937, Volkswagen AG operates 120 production plants in 20 European countries and 11 countries in the Americas, Asia and Africa, with a workforce of nearly 630,000 employees. During Q3 2022, the Group delivered nearly 2.2 million vehicles to customers across the world, including 149,300 electric vehicles.

Top selling electric vehicle models of the Volkswagen Group during the first nine months of 2022 include Volkswagen ID.4/ID.5, Volkswagen ID.3, ŠKODA Enyaq iV, Audi e-tron, Audi Q4 e-tron, Volkswagen ID.6, Porsche Taycan and CUPRA Born.