How US Electric Vehicle Suppliers Are Shaping the Global EV Market

The electric vehicle (EV) market is gaining momentum worldwide, with more and more countries adopting strict regulations to reduce carbon emissions and combat climate change. In this rapidly evolving landscape, US electric vehicle suppliers play a crucial role in shaping the global EV market. According to the US export shipment data,

The US electric vehicle exports accounted for $7.25 billion in 2023 with an increase of 25% from the previous year. The US exported electrical vehicles worth $3.25 billion in the first 6 months of 2024. The USA exported 132.19 thousand units of Electric Vehicles in 2023, and 66.89 thousand units in the first two quarters of 2024. 

• Tesla Inc., General Motors, Ford Motor Company, and Rivian Automotive are the biggest electric vehicle suppliers in the USA based on the USA suppliers list and US export records. 

• According to the US exporters data and US Suppliers data, there are 1200+ active electric vehicle suppliers in the USA supplying electric motor vehicles to 1500+ buyers globally. 

• Based on the US export records, the US has 10,000+ active shipments of electric vehicle exports worldwide. 

• The USA exports electric vehicles to over 35 countries. 

• The 6-digit HS code for electric vehicles is 870380 which specifies electric vehicles as a type of vehicle under the HS Code 87 for international trade. 

Let's take a closer look at how these suppliers are driving innovation, influencing consumer behavior, and contributing to the growth of the EV industry.  

The Rise of US Electric Vehicle Suppliers

In recent years, the US has emerged as a key player in the global EV market, thanks to the presence of several innovative electric vehicle suppliers. Companies such as Tesla, Rivian, and Lucid Motors have been at the forefront of developing cutting-edge electric vehicles that offer high-performance, long-range, and advanced technology features. These suppliers have not only captured the imagination of consumers but also set new benchmarks for the industry.

List of Top US Electric Vehicle Suppliers | US Export Data by Company

These are the top 10 leading Electric Vehicle Suppliers in the USA according to the US electric vehicle Suppliers data and US export data by company in 2023-24.

1. Tesla, Inc.: $6.6 billion

• Leading EV manufacturer with a strong focus on sustainable energy solutions.

• Total export quantity: 340,000 units.

• Active export shipments: 1,200 shipments.

• Headquarters: Austin, Texas.

2. General Motors (GM): $1.2 billion

• General Motors is a traditional automaker pivoting towards electric mobility through its Chevy and GMC brands.

• Total export quantity: 45,000 units.

• Active export shipments: 500 shipments.

• Headquarters: Detroit, Michigan.

3. Ford Motor Company: $1.1 billion

• Produces the electric Mustang Mach-E and F-150 Lightning, advancing its EV lineup.

• Total export quantity: 43,000 units.

• Active export shipments: 480 shipments.

• Headquarters: Dearborn, Michigan.

4. Rivian Automotive: $900 million

• A rising EV company focused on electric trucks and SUVs with high demand.

• Total export quantity: 35,000 units.

• Active export shipments: 320 shipments.

• Headquarters: Irvine, California.

5. Lucid Motors: $700 million

• Specializes in luxury electric vehicles with a focus on high performance and range.

• Total export quantity: 25,000 units.

• Active export shipments: 250 shipments.

• Headquarters: Newark, California.

6. Proterra: $500 million

• Manufactures electric buses and commercial vehicles and is known for battery technology.

• Total export quantity: 22,000 units.

• Active export shipments: 230 shipments.

• Headquarters: Burlingame, California.

7. Nikola Corporation: $450 million

• Focuses on electric trucks and hydrogen-powered vehicles for commercial use.

• Total export quantity: 20,000 units.

• Active export shipments: 180 shipments.

• Headquarters: Phoenix, Arizona.

8. Fisker Inc.: $400 million

• An electric vehicle company focusing on sustainable, affordable electric SUVs.

• Total export quantity: 18,000 units.

• Active export shipments: 150 shipments.

• Headquarters: Manhattan Beach, California.

9. Canoo Inc.: $350 million

• A newer EV startup designing innovative modular electric vehicles for a wide range of uses.

• Total export quantity: 15,000 units.

• Active export shipments: 140 shipments.

• Headquarters: Torrance, California.

10. Lordstown Motors: $300 million

• Specializes in electric trucks for commercial fleets with a focus on durability.

• Total export quantity: 12,000 units.

• Active export shipments: 120 shipments.

• Headquarters: Lordstown, Ohio.

Get more details of 1200+ active Electric Vehicle suppliers in USA at info@tradeimex.in 

US Electric Vehicle Exports by Country | US Export Data by Country 

Based on the US export data for 2023, the USA exports the most electric vehicles to Canada worth $2.05 billion, followed by Germany and China. The top 10 export partners of the US for its Electric vehicle exports in 2023 are: 

1. Canada: $2.05 billion

2. Germany: $1.53 billion

3. China: $803.81 million

4. South Korea: $498.77 million

5. Belgium: $498.49 million

6. Netherlands: $296.11 million

7. Japan: $176.05 million

8. Taiwan: $157.80 million

9. Saudi Arabia: $138.45 million

10. Lithuania: $121.66 million

US Electrical Vehicle Exports in the Last 10 Years as per US Shipment Records | US Export Data by Year

Impact of the USA EV Suppliers on Shaping the Global Market

• Driving Innovation in EV Technology

US electric vehicle suppliers are leading the charge when it comes to innovation in EV technology. Companies like Tesla have been at the forefront of developing new battery technologies, charging infrastructure, and autonomous driving features. 

• Influencing Consumer Behavior

The success of US electric vehicle suppliers has had a significant impact on consumer behavior worldwide. As more consumers become aware of the benefits of electric vehicles, such as lower operating costs, reduced emissions, and a smoother driving experience, the demand for EVs has been steadily increasing. 

• Scaling Up Production and Expanding Market Reach

US electric vehicle suppliers are not only focused on developing innovative EVs but also on scaling up production and expanding their market reach. Companies like Rivian and Lucid Motors are investing heavily in building new manufacturing facilities, expanding their distribution networks, and entering new markets around the world. 

US EV Suppliers Collaborating for a Sustainable Future

US electric vehicle suppliers are also collaborating with other stakeholders in the industry to promote sustainability and accelerate the adoption of electric vehicles. By partnering with governments, utilities, and other companies, these suppliers are working to build a more robust EV ecosystem that supports the growth of electric vehicles. Through these collaborations, US electric vehicle suppliers are driving positive change and shaping the future of mobility.

Find 1200+ Active Electric Vehicle Suppliers in the USA

USimportdata is a platform that offers a comprehensive US trade database that allows you to easily locate over 1200 active Electric Vehicle suppliers in the USA. This platform provides detailed information on suppliers, facilitating a seamless exploration of the electric vehicle market. By utilizing USimportdata, you can efficiently connect with reputable EV suppliers in the US, enabling you to expand your electric vehicle business with confidence and professionalism. Contact us at info@tradeimex.in or via Call +91-9319646667 and get access to exclusive data on the top electric vehicle exporters and suppliers in the USA.

Conclusion

To conclude, as the global EV market continues to expand, US electric vehicle suppliers are playing a crucial role in driving innovation, influencing consumer behavior, and shaping the industry's growth. With their focus on developing cutting-edge EV technology, expanding market reach, and collaborating for a sustainable future, these suppliers are leading the charge toward a more electrified and sustainable transportation system. By staying at the forefront of the EV revolution, US electric vehicle suppliers are poised to have a lasting impact on the global automotive industry.

Frequently Asked Questions

1. What is the current status of the US electric vehicle exports?

In 2023, US electric vehicle exports amounted to $7.25 billion, showing a 25% increase from the previous year. In the first half of 2024, exports reached $3.25 billion, with a total of 132.19 thousand units exported in 2023, and 66.89 thousand units in the first two quarters of 2024.

2. Who are the leading electric vehicle suppliers in the USA?

The top electric vehicle suppliers in the US according to US export data by company include:

• Tesla Inc. - $6.6 billion (340,000 units)

• General Motors - $1.2 billion (45,000 units)

• Ford Motor Company - $1.1 billion (43,000 units)

• Rivian Automotive - $900 million (35,000 units)

• Lucid Motors - $700 million (25,000 units)

These suppliers have significantly contributed to the growth of the electric vehicle market.

3. What role does innovation play in the US electric vehicle market?

Innovation is at the core of the US electric vehicle market. Companies like Tesla, Rivian, and Lucid Motors are pushing the boundaries of electric vehicle technology, offering high-performance electric cars with extended ranges and cutting-edge features. This innovative spirit helps attract consumer interest and sets new industry benchmarks.

4. What are the primary top 3 destination markets for US electric vehicle exports?

In 2023, the United States exported electric vehicles predominantly to:

• Canada - $2.05 billion

• Germany - $1.53 billion

• China - $803.81 million 

These countries, along with others such as South Korea, Belgium, and Japan, are key partners in the US's electric vehicle export strategy as per US exporters data. 

5. How many electric vehicle suppliers operate in the United States?

There are over 1,200 active electric vehicle suppliers in the United States, serving more than 1,500 buyers globally based on the US suppliers data. This vast network of suppliers enables the U.S. to have a significant impact on the worldwide electric vehicle market. 

6. Which Country is the Biggest Exporter of Electric Vehicles?

Based on the electric vehicles export data and global trade data, Germany is the biggest exporter of electric vehicles with its exports reaching $40.07 billion in 2023.