If you are a lover of automobiles especially electric cars then no doubt your first preference will be Tesla. Its technological brilliance is envied by one and all. The automotive giant has been successful in manufacturing some of the vehicles that have managed to beat its competitors in terms of performance, capabilities and track time.
Tesla is an American origin company that was founded in the year 2003 and is based in Palo Alto in California. It is associated with automotive, energy production and energy storage industries and specializes in the manufacturing of electric vehicles along with acquisition and manufacturing of solar roof tile, solar panel, and solar city. Currently, the company is ranked as the best-selling automotive group as well as a brand with a market share of 23% and 17% in the battery-electric and plug-in segment respectively. Its global sales increased 50% from the year 2018 to the year 2019 and by February 2020, its market capitalization was estimated at 166 billion US Dollars.
This is the year 2020 and there are numerous brands with their extraordinary vehicles giving a serious competition to Tesla, the automotive giants, in the electric car as well as other categories. The new breed of vehicles is incredible because of some innovative specifications and the best thing is that they are more affordable.
The vehicles are also packed with the latest technology and are easy-to-drive and practical. We have created a list of the Tesla competitors and included the best automotive brands so that it becomes easier for you to make a choice. Go through the list below to increase your knowledge tenfold
1. Kia Motors
If you are looking for Tesla competitors then look no further than Kia Motors who has managed to create a distinctive place of its own in the automotive sector. It is the second-largest manufacturer in the world and with help of thirteen manufacturing units can dole out nearly 1.5 million units on an annual basis It has a strong network of dealers and distributors to make sure that the products are accessible to its customers with ease in one hundred and seventy-two countries.
Kia Motors is a multinational company of South Korean origin. It was founded in the year 1944 and currently operates from its headquarters base at Seoul in South Korea. The iconic brand is associated with the automotive industry and deals with commercial vehicles, luxury cars, and automobiles. Its portfolio includes sedan, hatchback, MPV, station wagon, coupe, SUV, plug-in hybrid, hybrid, luxury sedan, crossover, performance sedan and plug-in hybrid hatchback.
One of its most popular vehicles is Kia e-Niro, which is a fully electric car and can change the electric automobile market. Some other important vehicles in its kitty are Kia Soul EV, Kia Cadenza/K7, Kia Carens /Rondo, Kia Ceed /Pro Ceed and Kia Carnival /Sedona. With some of the best features and innovative designs, Kia Motors have managed to win the International Car of the Year award every year since the year 2013.
BMW is a force to reckon within the automotive industry and has been aptly named as a Tesla competitor because of its high range fleet of impressive vehicles. It has managed to spread its product presence to places like China, Brazil, United Kingdom, South Africa and the United States because of its high-performance models that have earned a high reputation in international markets.
BMW is a multinational company of German origin. It was founded in the year 1916 and currently operates from its headquarters base at Munich, Germany. It is one of the most popular brands in the world and is associated with the automotive industry. BMW deals in manufacturing of motorcycles and automobiles which are marketed BMW Motorrad for motorcycles and BMW, Rolls Royce and Mini for automobiles. Its portfolio includes sedan, hatchback, coupe, SUV, hybrid sports car and crossover.
The product portfolio of BMW includes BMW HP2 Enduro, BMW F 800 S 1000 RR in motorcycle range and automobile sector vehicles like BMW i3, BMW i8, BMW 1 Series F40, BMW 2 Series F23, BMW 4 series F32 etc. BMW is a popular name in motorsport history and has taken part in Formula 1, touring cars and Isle of Man TT.
One of the strongest Tesla competitors in the world arena is no doubt, Nissan, with its array of the remarkable fleet that is highly popular in the consumer market. In the year 2016, it became a part of Renault-Nissan-Mitsubishi Alliance to spread its product presence in every nook and corner of the world. By the end of the fiscal year 2018, Nissan was the largest manufacturer in the world dealing in electric vehicles by selling an estimated 320,000 units on an annual basis.
Nissan is a multinational manufacturing company of Japanese origin. It was founded in the year 1933 and currently operates from its headquarters base at Nishi-Ku, Yokohama in Japan. The popular brand is associated with the automotive industry and deals in commercial vehicles, luxury cars, forklift trucks, outboard motors and automobiles.
The brand sells its vehicles under the brand names Datsun, Infiniti and Nissan and in-house performance tuning products under Nismo. It has created a name for itself because of its innovating new services and products that boast of unimaginable driving experience. The company has announced that from the year 2021 onwards all the Infiniti vehicles will be either all-electric or hybrid vehicles. The product portfolio of Nissan includes Nissan Leaf, a highly efficient electric vehicle as well as some premium products like Murano, Skyline, Fuga and Elgrand.
4. Volkswagen Group
Volkswagen Group is a multinational manufacturing company that has proved itself in the automotive industry as a serious Tesla competitor. One can imagine the magnitude of its success by the fact that it has the distinction of being the largest automaker in the world in terms of sales for the year 2019 selling an estimated 10.9 million units. The brand has nearly one hundred production facilities in twenty-seven countries and operations in nearly one hundred and fifty countries.
Volkswagen Group is one of the most popular automotive companies of German origin. It was founded in the year 1937 by its founder German Labour Front, which was a Nazi labour union. Currently, it operates from its headquarters base at Wolfsburg, Germany. It is associated with automotive industry and deals in manufacturing, designing and distributing of motorcycles, commercial and passenger vehicles, turbomachinery, internal combustion engines and also provides related services for instance fleet management, leasing and financing.
Volkswagen is a popular brand because it produces vehicles keeping in mind the actual requirements of its customer base. Its focus is on modernization and advancement of products so that it can dole out vehicles that can boast of performance as well as comfort. Its product portfolio includes Volkswagen e-Golf, an electric car with a range of 125 miles and powered from the 35.8-kWh battery pack as well as Volkswagen E-UP, another electric car with a range of 99 miles and powered by the 18.7-kWh lithium-ion battery pack.
5. Hyundai Motors
Hyundai Motors is currently the third largest manufacturer of vehicles in the world and is aptly named as a Tesla competitor. It has the distinction of operating the largest integrated manufacturing facility of automobiles in the world in Ulsan with a production capacity of 1.6 million units per annum.
Hyundai Motors is a multinational company of South Korean origin. It was founded in the year 1967 by its founder Chung Ju-yung and currently handles operations from its headquarters base at Seoul in South Korea. Hyundai Motors has spread its product presence in one hundred and ninety-three countries through an estimated five thousand showrooms and dealership programs.
The iconic brand is associated with the automotive industry and deals with commercial vehicles, luxury cars, engines and automobiles. Its portfolio includes sedan, hatchback, sports cars, SUVs, vans, urban bus, truck, electric vehicle and flexible fuel vehicle. Its latest product portfolio includes Ioniq, an electric vehicle introduced as an all-electric variant with a range of 170 miles and Kona, a subcompact crossover with a range of 290 miles.
Chevrolet is a brand to reckon with in the world and is considered one of the strongest Tesla competitors. Its vehicles are sold worldwide in one hundred and forty countries and include places like North America, North Korea, Taiwan, Macau, Hong Kong, Russia, Canada, India, Argentina, South Africa etc.
Chevrolet is a subsidiary of General Motors Company and operates as its American division. It was founded in the year 1911 by its co-founders William C Durant and Louis Chevrolet and currently operates from its headquarters base at Detroit in the United States. The iconic brand is associated with the automotive industry and deals in manufacturing and selling of commercial vehicles, trucks and automobiles. It also provides services like maintenance, sales, repairs, insurance and financing for the vehicles.
Its portfolio includes Chevrolet EV, an electric vehicle with technologically advanced features and a range of 238 miles as well as products like Chevrolet Blazer, Chevrolet Camaro, Chevrolet Express, Chevrolet Equinox, Chevrolet Cruze and Chevrolet Corvette.
Porsche is one of the major names in the list of Tesla competitors for the reason of its high-profile brand visibility in the consumer market. It has been able to gain immense popularity because of its sports cars and high-quality Boxster roadster. Its charging station is one of the fastest in the world.
Porsche is a German origin manufacturing company that was founded in the year 1931 by its founder Ferdinand Porsche. The brand acts as a subsidiary of its parent company Volkswagen Group and currently operates from its headquarters base at Stuttgart in Germany.
Porsche is associated with the automobile industry and deals in manufacturing in high-performance automobiles like sedans, SUVs and sports cars. Its current product line up includes Porsche Taycan, an electric car that boasts of high performance, electrified components, state-of-the-art capability, fast charging and a range of 270 miles. Other popular products include Porsche Cayenne, Porsche Macan, Porsche Panamera, Porsche 718 Boxster and Porsche Cayman 911.
With 25.8 billion pounds as revenues for the end of the fiscal year 2018, Jaguar has been declared a strong Tesla competitor. The manufacturer has credited the success of its brand to quality engineering, comfortable interiors, outstanding ride and thrilling performances. It has six research and development facilities, vehicle assembly plants, engine assembly plants, planned facilities and SVO facilities so that it can capture a huge chunk of market share.
Jaguar is a British origin company that was founded in the year 1933 by its founder William Lyons. After changing ownership several times the company was formed as Jaguar Land Rover in the year 2013. Currently, it acts as a subsidiary of its parent company Tata Motors ad operates from headquarters based at Whitley in the United Kingdom.
The iconic brand is associated with the automotive industry and deals in manufacturing, developing, selling and designing of sport utility and luxury vehicles that bear Land Rover and Jaguar marques. Its recent and popular product includes Jaguar I-Pace, its first electric sports car with a range of 282 miles and powered by the 90.0-kWh lithium-ion battery pack. Other products in its portfolio are Jaguar XF, Jaguar XE, and Jaguar F-Type
9. Vauxhall Motors
Vauxhall Motors is one of the oldest manufacturing companies in the business as it was founded in the year 1857 by its founder Alexander Wilson. It operates as a subsidiary of its parent company Opel Automobile GmbH. Reliability, performance and excellence are the mantras of the brand that makes it one of the Tesla competitors.
The British origin company currently operates from its headquarters base at Chalton in England. The brand name is used exclusively in Isle of Man, Channel Islands and the United Kingdom. The brand Vauxhall is associated with the automotive industry and deals in manufacturing and distribution of commercial vehicles and automobiles and also provides vehicle financing services.
Its portfolio includes Vauxhall E-Corsa, an electric vehicle that is very economical, can be charged easily with a minimum of fuss and has a range of 211 miles. Other products in its portfolio are Vauxhall Astra, Vauxhall Mokka, Vauxhall Insignia and Vauxhall Grandland X.
Renault is an iconic brand that has gained immense popularity and recognition over the years and is acknowledged as an apt Tesla competitor. By the end of the fiscal year, the company had a production output of 4,120,063 units and revenues at the end of the fiscal year 2019 at 55.54 billion Euros. Renault is known for its participation in motorsports like Formula 1 and rallying.
Renault is a multinational company of French origin. It was founded in the year 1899 by its founders Louis, Marcel and Fernand Renault hence its brand name. It currently operates from its headquarters base at Boulogne-Billancourt in France
Renault is associated with the automotive industry and deals in electric vehicles, commercial vehicles, luxury cars and automobiles along with vehicle financing. Its portfolio includes Renault Zoe, a super-mini technologically advanced, durable and reliable electric car with a range of 130-250 miles and powered by the lithium-ion battery pack. The other products in its portfolio are Renault Alaskan, Renault Clio V, Renault Espace V and Renault Lodgy.
Car manufacturers are rolling out new models to increase their market share. They are evolving and becoming more technologically advanced to meet the lofty expectations, needs and requirements of its customers. With so many options in hand, it is important to keep a vigilant eye on the best available alternative so that you can make a fast choice when the time is right.