3 Electric Vehicle Startups on the Rise in 2022
Watch out for these three electric vehicle startups this year.
Written by Alexandra Maloney
Reviewed by Kathleen Flear
It’s no secret that electric vehicles are the next big thing in the
automotive world
. They’re popular for a good reason—electric vehicles are better for the environment, offer tax credits and rebates, and typically cost less for the driver overtime. No one wants to miss out on the buzz surrounding electric vehicles, which is why we’re seeing tons of
startups
hoping to get a piece of the electric action. Jerry
, your favorite super car app
, has the lowdown on three electric vehicle startups on the rise that you should watch out for in 2022. Rivian
Perhaps the most promising electric vehicle startup out there today is Rivian. The company has investments from large car brands like Ford, and even funding from outside the automotive world, like Amazon. Rivian formed in 2009, but drivers only recently began being able to purchase their electric vehicles.
Today, drivers can choose between two Rivian vehicles—the R1T pickup truck and the R1S SUV, both of which, of course, are fully electric. Many car critics agree that the R1T pickup, with an electric engine that produces 800 hp and a driving range of over 300 miles before needing a charge, is the stand out vehicle from Rivian.
According to
NBC News
, production issues due to the coronavirus pandemic briefly halted Rivian in its tracks, but the startup still has a market capitalization of more than $90 billion, and will likely only keep growing. Let Jerry find your price in only 45 seconds
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Mullen
HotCars
ranked Mullen in its top three of electric vehicle startups to watch out for, characterizing the California-based company as a dark horse. Mullen is already a big electric vehicle company in China, but the reason we should watch out for it is because it’s planning to debut a new car on the United States market soon.Mullen is creating a model similar to the Qiantu K50, which is an electric sports car, for the United States. Beyond the new model, Mullen debuted one other electric car in the United States back in 2019 at the Los Angeles Auto Show called the Five. It’s not scheduled to start production for another two years, but if the car company can form enough interest starting now in 2022, the Five and the new electric sports car combined on the market could mean huge wins for Mullen.
Canoo
Even Apple reportedly has its eyes on Canoo, the American electric vehicle startup. According to
CNET
, this electric vehicle company came to be after its founders parted ways with the executives of Faraday Future, another electric vehicle startup. Canoo is unique because of its modular electric vehicle style and potential for many different cars. CNET reports Canoo’s first vehicle preview was a minivan, and there are plans for multiple delivery vehicles in the works as well. Production for the electric delivery vehicles should begin in 2023, and if you’d like to put a deposit down on one it’ll cost you only $100—plus it's refundable.
Canoo also has plans to debut an electric pickup truck with a full bed. While this startup is definitely quirky and a bit all over the map, their style just might work and produce something big.
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