Global electric vehicle adoption is slated to accelerate substantially over the next several years. We map out the private companies developing the technology to support this growing ecosystem.
Electric vehicles currently make up a fraction of global automotive sales, largely reflecting concerns around vehicle cost, range length, and charging infrastructure.
But an increasing number of governments and companies are betting on electric vehicles becoming mass market eventually. For example, the UK is banning the sale of new gas and diesel cars starting 2035, while China is setting a goal for electric vehicles to comprise 25% of all vehicle sales within 5 years.
A growing number of startups are looking to capitalize on this shift. Companies are working on improvements to electric vehicle battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.
We used the CB insights database to identify 70+ private companies in the electric vehicle space.
This market map consists of private, active companies only and is not meant to be exhaustive of the space. Categories are not mutually exclusive, and companies are mapped according to primary use case. We focus primarily on the battery electric vehicle (BEV) market and exclude companies working on hydrogen fuel cell technology. For more on hydrogen and fuel cells, see our Hydrogen Energy Tech market map.
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