Wiktor Wise
Electric vehicles (EVs) are becoming increasingly popular, with sales reaching over 14 million in 2023. As a result, many car companies are shifting their focus to electric propulsion, with some offering exclusively EV lineups. This begs the question: which auto dealer has the largest electric vehicle exposure? The answer may be surprising, as it is not necessarily the company with the most EV sales. There are a variety of factors that contribute to a company's exposure to EVs, including investment in EV technology, the number of EV models offered, and the company's overall commitment to electrification.
| Characteristics | Values |
|---|---|
| Largest EV company in 2024 | BYD Company |
| Top 10 EV companies in 2024 | Volkswagen, Tesla, General Motors, Stellantis, Hyundai, Renault, Mercedes-Benz, Volvo, Polestar, Fisker |
| Top 10 EV companies in 2023 | Hyundai Motor Group, Stellantis, Renault, Volvo, Polestar, Karma, Lucid, Rivian, Kia, BMW |
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What You'll Learn
Dealers with the largest market share
BYD Company
Chinese conglomerate BYD Company (or Build Your Dreams) is the global leader in EV manufacturing. It produces personal and commercial EVs, as well as monorail systems and mobile phone components. In 2022, BYD took the top spot on the list of largest EV companies, when it (and other Chinese automakers) ramped up EV production. However, BYD has been criticised for its lack of transparency on human rights diligence in its battery supply chains.
Hyundai Motor Group
Hyundai Motor Group has successfully begun its transition to electric vehicles, with growing interest in its IONIQ models. The company achieved a market share of 3.96% of the BEV sector in early 2023, just 0.01% less than its upper rival. Hyundai has also been criticised for its lack of transparency on human rights diligence in its battery supply chains.
Volkswagen
The German OEM Volkswagen is leading the way among heritage car companies in its transition from ICE vehicle ranges to all-electric ones. It has achieved an overall EV market share of 6.88%. Volkswagen started developing EVs in 1970 through its Centre for Future Research, led by Dr. Adolf Kalberlah. The first all-electric Volkswagen was called the Elektro Transporter, with a range of 43.5 miles and a 10-hour charge time.
General Motors
General Motors is one of the top-five largest EV companies in the world. It has announced plans to exclusively offer EVs and end production of its gas- and diesel-powered vehicles by 2035. General Motors has launched (or announced plans to launch) EVs across all its core auto brands (Chevrolet, Buick, GMC, and Cadillac). However, it has been criticised for providing limited evidence of its commitment to human rights due diligence in its supply chain operations.
Renault
Renault was an early adopter of electric vehicles through its Zoe model, and it continues to be involved in the hybrid vehicle space. In the first quarter of 2023, Renault had a 3.82% share of the overall EV market. Like General Motors, Renault has been criticised for providing limited evidence of its commitment to human rights due diligence in its supply chain operations.
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Dealers with the largest range of EV models
There are several auto dealers that offer a large range of EV models. Firstly, Chinese conglomerate BYD Company, which stands for "Build Your Dreams", is the global leader in EV manufacturing. It produces personal and commercial EVs, as well as monorail systems and mobile phone components. BYD was ranked the top EV manufacturer in 2022. However, it is important to note that BYD has recently been criticised by Amnesty International for its lack of transparency in its battery supply chains.
Another dealer with a large EV range is the US-based automotive giant, General Motors. General Motors is one of the top five largest EV companies in the world and has announced plans to exclusively offer EVs and end production of its gas and diesel-powered vehicles by 2035. The company has launched or announced plans to launch EVs across all its core auto brands, including Chevrolet, Buick, GMC, and Cadillac.
Stellantis, a relatively young automaker that came about from a merger between Fiat Chrysler Automobiles and PSA Group, also offers a wide range of EV models. Stellantis has set ambitious targets for EV sales, aiming for 100% of its sales in Europe and 50% in the United States by 2030. The company's auto brands include Chrysler, Dodge, Fiat, and Jeep, and it is quickly catching up in the EV market.
Additionally, German auto giant Volkswagen has a longer history with EVs than many people realise. Volkswagen started developing EVs in 1970 and is well on its way to becoming fully electric, with an overall EV market share of 6.88% as of 2023. The company has gained attention from prestigious fleet businesses, such as Addison Lee, and is scaling back production of its ICE vehicles to make room for more EVs.
Other dealers with notable EV ranges include Hyundai Motor Group, which has achieved a market share of 3.96% of the BEV sector, and Mercedes-Benz, which has seen significant interest in its electrified models and is building for electric propulsion first.
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Dealers with the most affordable models
While electric vehicles (EVs) were once considered an unprofitable niche, they are now big business. In 2023, global sales reached more than 14 million, with 18% of cars sold being electric. As the technology improves, electric cars are becoming cheaper and more affordable. This is a trend that is set to continue as manufacturing processes become more efficient and sales volumes increase.
Some of the cheapest electric vehicles on the market include the Nissan Leaf, Hyundai Kona Electric, Chevrolet Equinox EV, and Toyota bZ4X. The Nissan Leaf, in particular, stands out as one of the most affordable options, with a starting price of under $30,000. However, it's important to note that prices for electric vehicles can vary depending on various factors and options, and can often end up well above the base price.
Other affordable options include the Kia Niro EV, which offers a range of 253 miles on its less costly model, and the Renault 5, which was named Car of the Year by What Car? for 2025. The Dacia Spring and MG4 are also bringing the starting price of electric models down significantly.
In terms of dealers, Tesla has been a pioneer in the EV market, with the Model 3 being the first EV to pass 1 million in global sales. The Model 3 is also one of the most affordable options, starting at just under $40,000. The Model Y has also been a huge success, becoming the best-selling car worldwide in the first quarter of 2023.
Another dealer with affordable models is Kia. Their smallest electric SUV offers impressive performance and value, with a range of 270 miles on a charge for the most affordable models. The Kia EV6, a former Car of the Year, and the larger EV9, offer even more impressive ranges of 310 and 375 miles, respectively.
Fisker is an EV car company that has transitioned from high-end models to more affordable options. Their Fisker Ocean and Fisker Pear models are priced around $38,000 and $30,000, respectively, making them competitive options in the market.
It's worth noting that prices for electric vehicles can vary depending on various factors, such as government incentives, tax credits, and rebates. These incentives can make purchasing an electric vehicle more affordable, and it's important to consider these when looking for the most cost-effective options.
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Dealers with the most premium models
While there is a lot of overlap between the top automakers and the largest EV companies, some dealers have more premium models than others. Here is a list of dealers with the most premium models:
Tesla
The Model 3 was the first EV to pass 1 million in global sales. In the first quarter of 2023, the Model Y became the best-selling car worldwide, making it the first EV to hold that title. The Model Y is quieter, more efficient, calmer to drive, and nicer to be in than its predecessor.
Volkswagen
Volkswagen has a longer history with EVs than many people realize. It started developing EVs in 1970 through its Centre for Future Research. The first all-electric Volkswagen was called the Elektro Transporter, with a range of 43.5 miles and a 10-hour charge time.
General Motors
General Motors is now one of the top-five largest EV companies in the world. It has launched (or announced plans to launch) EVs across all its core auto brands (Chevrolet, Buick, GMC, and Cadillac). Its most popular so far has been the Chevrolet Bolt, but it's being phased out to transition to new EV models.
BYD Company
BYD Company, which stands for "Build Your Dreams," is the global leader in EV manufacturing. It produces personal and commercial EVs, as well as monorail systems and mobile phone components. BYD overtook Tesla as the best-selling PEV brand in 2022, relying on a large offering of plug-in hybrid electric models.
Polestar
Polestar became an electrified brand in 2017 and is jointly developed by Volvo and its parent company, Geely. The Polestar 2 is the only vehicle the EV car brand currently has in production, but the Polestar 3 SUV is expected to arrive in mid-2024.
Fisker
Fisker, an EV car company started by automotive designer Henrik Fisker, has transitioned away from an exclusively high-end model and is now focusing on mainstream cars. The all-electric Fisker Ocean and Fisker Pear offer affordability, with prices starting around $38,000 and $30,000, respectively.
Porsche
The Porsche Taycan can entertain on the right road and is a delight to cruise in—a GT with the heart of a sports car.
Rolls-Royce
Electric has enriched the Rolls-Royce. It’s still a galloping, ocean-going, 24-carat indulgence, but with a tasteful specification, it swerves absolute vulgarity.
BMW
BMW offers a choice of rear- or dual-motor electric luxe with a 570-litre boot. It is refined, comfortable, easy to drive, swift, and well-equipped.
Renault
The Renault 5 has Instagram-worthy looks and a choice of bright colour schemes. Even entry-level models can take you up to 193 miles on a charge, and the recommended 52kWh battery jumps to 253 miles. The Renault 5 was named Car of the Year for 2025 by Top Gear.
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Dealers with the best human rights records
Amnesty International has released a report ranking 13 major electric vehicle (EV) manufacturers based on their human rights due diligence policies and self-reported practices. The report, titled "Recharge for Rights: Ranking the Human Rights Due Diligence Reporting of Leading Electric Vehicle Makers," uses criteria based on international standards and assigns a scorecard to each company. Unfortunately, none of the companies scored higher than 51 out of 90 on the assessment.
Mercedes-Benz
Mercedes-Benz, a German carmaker, ranked the highest with a score of 51. The company has demonstrated a commitment to environmental and human rights issues, investing in zero-carbon steel production to reduce emissions.
Tesla
Tesla, the US-based automaker, ranked second with a score of 49. While Tesla has faced a global sales slump, it has shown more helpful lobbying engagement on climate issues compared to companies still making gasoline vehicles.
Stellantis
Stellantis, a Dutch company, ranked third with a score of 42.
It is worth noting that these rankings are based on Amnesty International's 2024 report, and companies may have made improvements or changes to their policies and practices since then.
Additionally, Ford, the highest-ranked American company, deserves an honourable mention. While it came in second overall, it achieved a high score in the "human rights and responsible sourcing" category.
The rankings highlight the need for EV manufacturers to address human rights risks in their mineral supply chains and demonstrate their commitment to respecting human rights.
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Frequently asked questions
There are several auto dealers that have large electric vehicle exposure. Some of the top electric vehicle companies in the world include:
- BYD Company
- General Motors
- Volkswagen
- Tesla
- Stellantis
An electric vehicle (EV) is a vehicle that can achieve propulsion without gasoline-engine assistance over a significant distance.
Some examples of electric vehicles include the Hyundai Motor Group's IONIQ models, the Chevrolet Bolt, and the Tesla Model 3.
Electric vehicles are more environmentally friendly than traditional cars, as they do not produce tailpipe emissions. They can also be more cost-effective, as the price of electricity is generally lower than that of gasoline.
One challenge associated with electric vehicles is the need to build out adequate charging infrastructure. Another challenge is the potential human rights and environmental risks associated with the mineral supply chains for batteries.
