Top 7 Global Electric Vehicle Companies in 2025
10 May, 2025

Electric vehicles (EVs) are cars driven by electricity or partially by electricity in place of conventional internal combustion engines that consume gasoline or diesel. EVs normally employ electric motors and batteries that can be recharged, providing a cleaner and more energy-efficient option for personal and business transportation. There are various kinds of EVs, such as battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs).

Worldwide, the demand for EVs has grown over the past few years as a result of increased environmental consciousness, tighter emissions controls, and improvements in battery technology. Governments in Europe, North America, and Asia-Pacific are providing incentives like tax credits, subsidies, and infrastructure investments to promote EV adoption. China, Norway, Germany, and the U.S. are at the forefront of the shift, with large automakers investing more in EV manufacturing. While increasing consumers look for environmentally friendly transport solutions and fuel prices continue to be unpredictable, electric cars are increasingly becoming a mainstay of the global mobility solution in the future. The Electric Vehicles market is expected to expand from US$ 600.13 billion in 2024 to US$ 1,589.38 billion in 2033 with a CAGR of 11.43% during 2025-2033.

An Electric Vehicle (EV) charging station is an installation that provides electrical power to charge EV batteries. EV charging stations come in different types, with varying levels of power outputs, ranging from slow, fast, and rapid charging. EV charging stations are becoming increasingly popular across the world as electric vehicles are being increasingly adopted because of environmental concerns and government-backed support. Nations are quickly increasing charging infrastructure to accommodate surging EV demand. Public, private, and domestic chargers are now widespread, as technological advances ensure that charging becomes quicker and easier. With the growth of EV ownership, charging points have an essential part to play in supporting sustainable, long-distance, and daily electric transport. The Global Electric Vehicle Charging Infrastructure market accounted for US$ 31.91 billion in 2024 and is anticipated to develop at a CAGR of 26.17% and reach about US$ 258.53 billion by 2033.

A Plug-in Hybrid Electric Vehicle (PHEV) features an internal combustion engine, electric motor, and rechargeable battery. PHEVs differ from traditional hybrids because they can be charged from external power sources to fill the battery, allowing short-distance travel solely on electricity. PHEVs are becoming more popular because of their equilibrium of electric efficiency and fuel-based range, which suits urban and highway driving. Lower emissions, fuel efficiency, and government incentives such as tax cuts and city driving entitlements entice global consumers. With nations increasingly tightening emission controls, PHEVs provide an intermediate solution for motorists transitioning to complete electric propulsion. The global plug-in hybrid electric vehicle market is expected to expand from US$102.26 billion in 2024 to US$258.22 billion by 2033 at a CAGR of 10.84% during 2025-2033.

Electric vehicles (EVs) are cars driven by electric motors from rechargeable batteries, providing a cleaner choice than gasoline cars. EVs have increased immensely in popularity in the United States with the rising concerns over the environment, incentives by the government, and the advances in battery technology. Federal tax credits, rebates on a state-by-state basis, and the development of more charging facilities have made EVs attractive to consumers. Auto manufacturers such as Tesla, Ford, and General Motors have ramped up EV production, introducing additional models with extended ranges and rapid charging. With sustainability as a national imperative and fuel prices going up and down, EVs continue to capture market share in urban and suburban markets throughout the U.S. The U.S. electric vehicle market is expected to expand from $200.76 billion in 2024 to $537.53 billion by 2033, growing at a CAGR of 11.56% during the period 2025-2033.

Electric vehicles (EVs) are motor vehicles powered by electric motors drawing energy from rechargeable batteries, as opposed to conventional internal combustion engines. In Europe, EVs have gained popularity owing to stringent environmental laws, high fuel costs, and government subsidies encouraging clean transport. These nations, including Norway, Germany, the Netherlands, and France, are driving EV adoption with subsidies, tax incentives, and ubiquitous charging infrastructure. European manufacturers like Volkswagen, BMW, and Renault have broadened their EV offerings to address increasing demand. As climate change and emissions reduction gain more attention, EVs are seen as a critical component of Europe's sustainable mobility future. The Europe Electric Vehicle Market is expected to expand from US$ 169 billion in 2024 to US$ 422.27 billion by 2033, at a CAGR of 10.80% during 2025-2033.

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List of World's Leading EV Companies

BMW AG

Formation: 1916

Head Office: Germany

Website: https://www.bmwgroup-classic.com

Bayerische Motoren Werke AG (BMW) is a motor vehicle company that designs, produces, and distributes automobiles, motorcycles, and associated products. It provides financing, leasing, and insurance services and sells brands such as BMW, MINI, and Rolls-Royce. BMW has a global presence with factories and sales networks in Europe, the Americas, Asia, and elsewhere.

GOVECS AG

Incorporation:  2009

Head Office:  Germany

Website:  https://govecsgroup.com/en/

Govecs AG is a major European producer of electric two-wheelers with its head office in Munich, Germany. Founded in 2009, the business is engaged in the design, manufacture, and distribution of electric mopeds and scooters for private and commercial use. Govecs addresses sustainable urban mobility solutions with its goal to combat emissions and urban congestion. It offers a lineup of electric scooters for private transportation, courier services, as well as for sharing platforms. The business stands out for having high-quality engineering, performance, and battery performance. Govecs also provides tailored solutions for fleet operators and cooperates with numerous municipalities and companies to encourage sustainable mobility. It focuses mainly on Europe, having a strong presence in Germany, Austria, France, and other countries. Apart from manufacturing, Govecs invests in research and development to innovate and expand its electric mobility solutions. The company makes a meaningful contribution to the development of electric vehicle adoption in the European two-wheeler market.

Hero Electric Vehicles Pvt. Ltd.

Founded: 2007

Headquarters: India

Website: https://heroelectric.in/

Hero Electric Vehicles Pvt. Ltd., founded in 2010, is a leading Indian electric two-wheeler manufacturer. Based in Gurugram, Haryana, the company has a cutting-edge manufacturing facility in Ludhiana, Punjab, with an annual production capacity of 200,000 units. Being a part of the Hero Eco Group, Hero Electric has been a leader in India's electric mobility space, launching the country's first lithium-ion battery-powered electric scooters. Hero Electric provides a wide variety of electric two-wheelers to suit different consumer requirements, ranging from personal to commercial transportation.

With more than 850 sales and service outlets in India, Hero Electric boasts a strong presence in the Indian market. Through its efforts, the company has helped popularize eco-friendly modes of transportation that help reduce carbon emissions and the use of fossil fuels. Hero Electric, notwithstanding the challenges presented by regulatory delays and financial instability, remains pivotal in shaping India's electric mobility future.

Mahindra GenZe

Establishment: 2012

Headquarters: California

Website: http://www.siaecosys.com

Mahindra GenZe, which stood for Generation Zero Emissions, was a subsidiary of the Mahindra Group founded in America to conceptualize and produce electric two-wheelers that would suit the needs of urban commuting. The company had its headquarters in Fremont, California, and produced electric scooters and e-bikes with a high focus on sustainability, smart connectivity, and last-mile mobility. Its core offerings, such as the GenZe 2.0 electric scooter and GenZe e-bikes, had swappable lithium-ion batteries, light weight frames, and cloud-based telematics for fleet management.

Terra Motors Corporation

Founding: 2010

Headquarters: Japan

Website: https://terramotors.in/

Terra Motors Corporation is a Japanese electric vehicle (EV) maker specialized in creating green and cost-effective mobility solutions, mainly in two- and three-wheeler categories. Founded in 2010 with headquarters in Tokyo, the firm seeks to transform urban transportation with cutting-edge electric scooters, e-rickshaws, and delivery cars tailored to the needs of Asia's and other emerging markets. Terra Motors combines Japanese technology with locally adoptable designs to meet the expanding need for sustainable modes of transportation in nations such as India, Bangladesh, and Nepal.

Vmoto's primary products are electric personal scooters and electric three-wheelers for business use. Terra Motors focuses on battery efficiency, low maintenance, and affordability. Its mission is in line with the worldwide efforts to cut down on carbon emissions and mitigate city pollution. With an increasing network of partners and subsidiaries around Asia, Terra Motors persists in spreading its wings, supporting the world's transition to clean energy and intelligent mobility solutions.

Vmoto Limited

Establishment: 2001

Headquarters:  Australia

Website: https://vmoto.com/

Vmoto Limited is a Perth-based global electric vehicle (EV) business with factories in Nanjing, China. The firm specializes in electric two-wheeler design, production, and distribution, and markets a variety of electric scooters and motorcycles both B2B and B2C. The firm has two main brands: Vmoto (for price-savvy consumers) and Super Soco (a high-end brand built up through a strategic joint venture with China's Super Soco).

Vmoto's range is famous for its design, energy efficiency, and intelligence, with urban mobility and last-mile delivery services being the most sought-after applications. Vmoto exports to more than 60 countries and enjoys a robust dealer and distribution network throughout Europe, Asia, and the Americas. By joining the world momentum in sustainable transportation, Vmoto has positioned itself as a leader in the expanding electric mobility market, with simple and environmentally friendly solutions to conventional vehicles.

Zero Motorcycles Inc.

Founding: 2006

Headquarters: California

Website: https://zeromotorcycles.com/

Zero Motorcycles Inc. is a prominent American electric motorcycle maker based in Scotts Valley, California. The company, established in 2006, fuses Silicon Valley innovation with old-fashioned motorcycle craftsmanship to produce high-performance electric motorcycles for consumers and fleet customers alike. Zero's motorcycles are renowned for their advanced technology, light weight, and better torque and acceleration, providing a riding experience similar to traditional internal combustion motorcycles—without the emissions or noise.

The firm's product portfolio features street, dual-sport, and police/military models like the Zero S, SR/F, and DSR series. Zero Motorcycles uses proprietary Z-Force powertrain technology and provides features such as rapid charging, ride mode customization, and connected apps. With governments and consumers increasingly turning towards cleaner mobility, Zero is continuing to gain momentum worldwide, particularly in North America and Europe. It is generally considered to be a pioneer and market leader in the high-end electric motorcycle market.