All the EV Car Markers

Momentum has been building for several years, driven in large part by increasing demand for EVs like Tesla's (TSLA) Model 3 (the top-selling EV worldwide in 2021) and Model Y, Wuling Motors' (WLMTF) Mini EV, Volkswagen's (VLKAF) ID.4, BYD's (BYDDY)  Qin Plus DM,  Ford's (F) Mustang Mach-E, General Motors' (GM) Bolt, and Nissan's (NSANF) Leaf.

Here are the 10 largest automakers by market cap who produce only electric vehicles:

• Texas, US-based Tesla (TSLA)
  California, US-based Rivian Automotive (RIVN)
• California, US-based Lucid Motors (LCID)
• Shanghai, China-based Nio (NIO)
• Guangzhou, China-based XPeng (XPEV)
• Beijing, China-based Li Auto (LI)
• California, US-based Fisker (FSR)
• Arizona, US-based Nikola (NKLA)
• London, UK-based Arrival (ARVL)
• California, US-based Proterra (PTRA)

It's not just the new entrants and startups with their potentially lofty valuations that have pushed the EV market into the next gear. All of the legacy automakers are ramping up plans to ride the electric trend wave. Some highlights:  

• General Motors has announced it will phase out all gas engines by 2035, and is close to completing several battery plants in the US. EV principals at GM believe its efforts to build their own battery line, as Tesla already has, will provide a competitive advantage. 
• Ford, which uses an external supplier for its batteries, is already seeing success with its Mustang Mach EV and has more than 200,000 reservations for its in-development F-150 Lightning truck, as of early 2022. 
• Honda plans to offer 2 electric cars in the US by 2024 using batteries supplied by GM.
• Porsche (POAHY) recently broke the cross-country charging record in the US when its Taycan sedan spent just 2.5 hours charging during a January 2022 trip from Los Angeles to New York City. 
• Mercedes-Benz (DDAIF) recently rolled out its new EQS with a battery capacity of 350 miles.