Which car brands are perceived to be best placed for the shift to EVs?
According to global research by SKIM Group, In-market car buyers are now shifting to newcomers in the electric vehicle segment as faith in legacy car manufacturers declines. Read on to see which brands will rise and fall in the years ahead.
A global poll of in-market new car buyers has assessed their perception of car makers' ability to survive the shift to electrified powertrains.
The poll, conducted by behavior experts SKIM Group, looked at how car buyers viewed a car manufacturer in four areas: Success (how successful a brand is perceived to be by 2030), Innovation, Sustainability, and EV Leadership, with an overall combined Perception score.
The top car manufacturer overall was perceived to be Tesla, followed by the Chinese brands of NIO and BYD. Specifically for EV Leadership, the leading brand was Tesla, followed by the Chinese brands BYD and Lucid Motors.
The bottom three brands overall that were perceived to be struggling to keep up with the pace of the Electric Vehicle revolution in the eyes of car buyers were Cadillac, Peugeot, and Renault.
EV-only brands perform strongly, particularly those from China or with Chinese backing, thanks to their ability to offer competitive pricing and leading technology. However, legacy OEMs from Europe are judged to be struggling the most.
North American car makers are assessed as being split between the new Californian brands doing exceptionally well, like Rivian and Tesla. At the same time, historic Detroit names like Cadillac, Chevrolet, and Ford perform poorly. One in five new car buyers surveyed thought that Cadillac may no longer exist by 2030.
Although Tesla tops the list overall, BYD and NIO were joint first in the Success Score league table, ahead of XPeng in third place – all three are Chinese brands.
SKIM Group says that buyers were incredibly skeptical of legacy OEMs, with only 23% perceiving Cadillac is doing well. In fact, say 3 out of 4 people (around 75%) thought Cadillac could be out of business by 2030.
Chinese brands were also perceived well in sustainability, with the top four in this category being XPeng, NIO, Tesla, and BYD.
The SKIM PERCEPTION SCORE league tables are detailed below. SKIM conducted this research in 2022 through an online survey with a sample of 2,373 respondents.
The SKIM PERCEPTION SCORE league table
This score reflects a combined ranking of:
• Success Score: perceived as doing well or extremely well by 2030
• Innovation Score: perceived as innovators in the industry
• Sustainability Score: perceived as having strong sustainability credentials
• Leader Score: Perceived as being a leader in Electric Vehicles
Combined Score
Overall top leading combined score.
1. Tesla 2. NIO 3. BYD 4. X-Peng 5. Rivian |
70% 62% 62% 59% 55% |
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22. Chevrolet 23. Mini 24. Cadillac 25. Peugeot 26. Renault |
25% 23% 22% 22% 22% |
---|
Success Score
Perceived as ‘doing well’ or ‘extremely well’ by 2030.
1. BYD 2. NIO 3. XPeng 4. Tesla 5. Rivian |
69% 69% 62% 60% 58% |
---|
22. Chevrolet 23. Peugeot 24. Mini 25. Renault 26. Cadillac |
26% 24% 24% 23% 23% |
---|
Innovation score
Perceived as being innovative.
1. Tesla 2. BYD 3. NIO 4. Mercedes 5. Audi |
79% 68% 66% 65% 65% |
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22. Byton 23. Chevrolet 24. Cadillac 25. Renault 26. Peugeot |
36% 34% 31% 31% 31% |
---|
Sustainability Score
Perceived as having strong sustainability credentials.
1. XPeng 2. NIO 3. Tesla 4. BYD 5. Rivian |
65% 60% 56% 54% 49% |
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22. Porsche 23. Mini 24. Peugeot 25. Cadillac 26. Renault |
20% 18% 18% 17% 15% |
---|
EV Leader Score
Brands perceived as being a leader in Electric Vehicles.
1 Tesla 2. BYD 3. Lucid Motors 4. NIO 5. X-Peng |
86% 56% 55% 53% 51% |
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22. Chevrolet 23. DS Automobiles 24. Renault 25. Peugeot 26. Mini |
18% 17% 17% 16% 15% |
---|
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