Top Performers and Lagging Brands Revealed in Electric Car Market
Top Performers and Lagging Brands Revealed in Electric Car Market
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
The battle for supremacy in the global electric car market remains fiercely contested with Tesla and BYD continuing to vie for the leading position.
However, a recent study has highlighted a diverse performance spectrum among popular car brands, with some traditional giants lagging behind.
According to a report from the International Council on Clean Transportation (ICCT) released this Thursday, 21 of the world's largest vehicle manufacturers' electric vehicle (EV) plans and offerings were evaluated. The findings depict a dynamic landscape where some carmakers are making remarkable strides while others struggle to keep up.
Significant advancements have been made by companies such as Mercedes-Benz and MG, showcasing their capabilities in the low-emission transport sector. However, familiar brands like Mazda, Honda, and Nissan are facing challenges, slipping further down the rankings compared to their peers.
This report aligns with recent developments in Australia, where new fuel-efficiency standards were passed into law, intending to drive automakers towards greater adoption of low-emission models from the next year. Australia’s elevated focus on electric vehicles could elevate the country’s standings in future comparisons.
The ICCT conducted its Global Automaker Rating 2023 by examining the strategic vision, market presence, and technological achievements of 21 prominent automotive manufacturers. While Tesla secured the top spot with robust sales, BYD, despite lower purely electric vehicle sales, remains close behind with a strong portfolio that includes many plug-in hybrids.
BMW secured third place, and Mercedes-Benz's climb to the fourth rank was noteworthy, partly owing to its innovative recycling and repurposing of EV batteries. The Chinese company SAIC, which oversees the MG brand, achieved the fifth position with commendable growth in electric vehicle sales.
On the other end of the spectrum, brands from Japan and India didn't fare as well. Suzuki, Mazda, and Nissan occupied the lowest ranks, with Suzuki being the least impressive contributor to the zero-emission vehicle market according to the study’s criteria. These brands, while showing increased electric vehicle sales, didn’t offer a broad range of low-emission models or managed high energy consumption, contributing to their lower scores.
Stephanie Searle, ICCT's chief program officer, emphasized the critical nature of these rankings. She believes nearly all passenger vehicles must transition to zero-emission models by 2035 to mitigate global warming effects. "Automakers lagging in technology investment could find themselves overtaken by more forward-thinking competitors," she stated.
Global momentum is also influenced by rigorous transport regulations in Europe, the UK, US, and Canada, where electric vehicle sales are expected to surge rapidly in the upcoming years. Notably, there was a 40% global increase in EV sales between 2022 and 2023, with Australia seeing a dramatic rise of 161% from a lower base compared to other nations.
Starting January next year, the Australian government plans to implement a New Vehicle Efficiency Standard. This new policy will set emission limits for vehicle brands, including passenger and commercial vehicles, potentially transforming the market landscape in the country.
This article references findings from an original report by the International Council on Clean Transportation (ICCT).
Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.
The 2026 Perth Boat Show is shaping as a useful barometer for Western Australia’s recreational boating appetite, with organisers positioning the event as one of the state’s strongest marine showcases in recent years. Scheduled for Friday 4 September to Sunday 6 September 2026 at the Perth Convention and Exhibition Centre, the show is expected to fill all six pavilions and bring together more than 90 exhibitors. - read more
Australian small businesses may soon face a more disciplined tax debt collection environment, after the Australian National Audit Office found the ATO needs clearer targets for reducing collectable small business debt. The issue is substantial: small business collectable tax debt stood at $35.9 billion in 2024-25, representing about two-thirds of total collectable tax debt. - read more
Australia’s financial advice sector has entered the new financial year with a mixed signal: new advisers are continuing to pass the professional exam at a steady rate, but the overall adviser pool remains under pressure. - read more
Farizon has put a sharper price point under Australia’s growing electric commercial vehicle market, with its new F3E electric cab chassis listed from $48,990. For small businesses, delivery operators, tradies and service fleets, the launch adds another option between a van and a traditional light truck at a time when operating costs are under close scrutiny. - read more
Australia’s electric vehicle market has moved into a new phase, with June 2026 delivering a standout result led by Tesla and BYD. Industry reporting shows battery electric vehicles reached about 23.4 per cent of new-vehicle sales for the month, while the two biggest EV brands delivered more than 19,000 electric cars between them. For households comparing a petrol replacement with an electric upgrade, this is more than a sales milestone. - read more
Buying a truck is a major investment, whether it's for personal use or business purposes. With the plethora of options available in the Australian market, it's important to consider various factors before making a purchase. Your specific needs, budget, lifestyle, and work requirements should be taken into account before making a decision to ensure the truck you buy fits your needs. - read more
Trucks play a pivotal role in the Australian logistics and transport industry, serving as the lifeblood that keeps commerce flowing. The dependable rumble of engines crisscrossing the nation's highways is more than just a symbol of industry; it's a critical component of productivity and economic stability. Without these workhorses facilitating the timely movement of goods, the Australian market would face significant challenges meeting the demands of both businesses and consumers alike. - read more
As a trucking business owner in Australia, finding the right insurance is crucial to the protection of your business. To achieve this, it is important to first understand your specific business needs. Here are some factors to consider: - read more
For many Australian businesses, purchasing a commercial vehicle is a significant investment that often requires financial assistance. Understanding the intricacies of truck financing is crucial, as the right loan can affect your company's bottom line and operational efficiency. With a plethora of lenders offering myriad loan products, choosing the most advantageous deal can be daunting. - read more
Stepping into the realm of commercial truck financing can be a highway riddled with complex terms and conditions. Understanding commercial truck loans is not only about getting the keys to a new vehicle; it's a crucial investment in your business's future. As a borrower, you need to navigate through the fine print to find a loan that fits like a glove. - read more
Start Here
Get a free truck loan eligibility assessment and compare truck finance and leasing options
without accessing your credit file!!
Knowledgebase
Personal Loan: a loan that is granted for personal use, normally unsecured and granted by a lender on the borrower's integrity and capacity to repay
No comments yet. Be the first to share your thoughts.