Japanese Automakers: Tesla & BYD Outperform in EV Space

EV Leadership: Assessing the Global Divide

A new report has ranked global automakers based on their current progress in transitioning from gas to electric cars. This report has determined whether the company is a leader, transitioner, or laggard. Unfortunately, all Japanese automakers have performed quite poorly, while only Tesla and BYD have been deemed “leaders”.

The International Council on Clean Transportation (ICCT) has recently released their report, The Global Automaker Rating 2022. According to this study, only two of the world’s top 20 light-duty carmakers have achieved the status of “leaders”, these being Tesla and BYD. Additionally, 12 companies have been labeled as “transitioners”, with BMW and Volkswagen topping this list. The six “laggards” are comprised of five Japanese brands and one Indian automaker.

To pinpoint the rankings and ratings for each auto manufacturer, the ICCT considered aspects such as their share of the market, technological proficiency, and future-focused outlook. Notably, Tesla is the sole company here that only crafts electric passenger vehicles and never manufactured fueled cars. Without a doubt, its ambitions are unmistakable. Turning to BYD, it’s transforming rapidly into an exclusive producer of electric car models. It constructed its most recent non-electric automobile in March of 2022; however, it still manufacturers plug-in hybrid electric vehicles (PHEVs).

As is plainly evident from the ICCT graph demonstrated above, there are more marks in the affirmative compared to those negative. Furthermore, a plentiful number of brands registering in the intermediate area of the graph (people in transition) are rather alike when investigating the overall rankings and separate category rankings.

It can be intriguing to examine the placing of General Motors relative to Ford and Hyundai/Kia. Furthermore, while there has been a lot of production of electric cars by Mercedes-Benz which are quickly accessible from their retailers, BMW appears to have really good prospects.

It is unsurprising to discover that Toyota is viewed as a slow adopter, despite the fact that its determinations regarding electric vehicles have been remarkable enough to give it the highest position among laggards. Honda and Nissan appear close behind. Nonetheless, the Leaf has been available on the market for a number of years by now and while Honda has not undeniably jumped into EV technology, they have been partaking in it.

It is apparent that an inadequate strategic plan is what ensnares automakers and relegates them to a disfavored state. Tesla has been and continues to be totally electric, but many competitors have promised elevated ambitions for the forthcoming years. Sadly, Toyota’s projected contribution is a meagre 39%, and investments into zero-emission vehicles are unsatisfactory.

One has a lot to consider, so make sure to click the original connected link below and examine the full report. After examining it, scroll down and leave us a feedback.

Source: International Council on Clean Transportation (ICCT) via Teslarati

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