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 Australian marine industry is set to benefit from a significant boost in financial literacy and support, thanks to a new partnership between MitchCap, the Boating Industry Association (BIA), and the Boating Industry Association of Victoria (BIAV). This collaboration introduces the Industry Financial Skills and Awareness Program, designed to enhance the financial acumen of marine businesses nationwide. - read more
Club Marine, Australia's leading boat insurance provider underwritten by Allianz, has expanded its offerings to include specific coverage for race boats while they are on land. This development comes through a new partnership with the Australian Offshore Powerboat Club (AOPC), aiming to address the unique insurance needs of race boat owners during storage and transit. - read more
Nautilus Marine Insurance has expanded its marine insurance product portfolio to include a dedicated Personal Watercraft (PWC) Insurance policy. This new offering is specifically designed for personal watercraft owners across Australia, providing market-leading coverage with the flexibility to tailor the insurance to individual needs. - read more
Club Marine, Australia's leading provider of recreational boat insurance, has expanded its offerings to include specific coverage for race boats while they are on land. This development comes through a new partnership with the Australian Offshore Powerboat Club (AOPC), aiming to address the unique insurance needs of race boat owners. - read more
The inaugural Great Barrier Reef Commercial Marine Conference was held in Cairns on 11 March 2026, bringing together 50 industry leaders, operators, and suppliers to discuss the future of Australia's commercial marine sector. A significant highlight of the event was the launch of the Australian Commercial Marine Economic Impact Study (EIS). - read more
Imagine cutting through the sparkling waters, the sun on your skin, and the thrill of speed and spray - this is the exhilarating world of jetski ownership. It's a realm where freedom meets adventure, where weekends transform into adrenaline-fueled escapes. However, the rush of riding the waves isn't without its costs, and savvy enthusiasts know that budgeting for your aquatic escapades is as essential as the lifejacket you wear. It's about balancing passion with practicality. - read more
Nothing quite matches the exhilaration of skimming across the glistening waters of Australia's coastlines on a personal jet ski. The freedom to explore hidden coves, the adrenaline rush of high speeds, and the joy of shared adventures with friends and family—these are just a few thrills that come with jet ski ownership. - read more
Jet skiing is an exhilarating water sport that offers fun, excitement, and a great way to explore Australia's beautiful waterways. As a beginner, diving into the world of jet skiing can be thrilling but also overwhelming, given the various options and considerations involved in purchasing your first jet ski. - read more
The thrill of slicing through the waves, the rush of the open water, and the spirit of adventure all encapsulate the undeniable excitement of jetskiing. In Australia, with its vast and spectacular coastlines, owning a jetski is a dream many aspire to achieve. The power to zip across the sea at your own pace is not just a hobby; it's a lifestyle that beckons adventurers and water sports enthusiasts alike. - read more
Owning a jetski is a thrilling and liberating experience for many Australians. The beautiful coastlines and rivers offer the perfect backdrop for enjoying the freedom and excitement that a jetski provides. - read more
Knowledgebase
Mortgage: A loan in which the borrower (the mortgagor) offers a property and land as security to the lender (the mortgagee) until the loan is repaid. Repayments of the loan are usually made on a monthly basis over a long period of time, typically 25 years.
