The electric vehicle (EV) market is booming, with more choices than ever.
Whether you're a first-time buyer or looking to switch from a traditional car, selecting the right EV manufacturer is crucial.
In this blog, we'll help you navigate through some of the leasing EV manufacturers, including Tesla, Polestar, BYD, and ORA.
NOTE: This blog only includes manufacturers that only produce EVs.
Our blog includes:
Tesla is arguably the most well-known EV manufacturer globally, credited with revolutionising the EV market. Known for their cutting-edge technology, impressive range, and high-performance models, Tesla has set high standards for what consumers expect from EVs.
Pros:
- Long Range - Tesla vehicles are known for their exceptional range, with some models capable of travelling over 300 miles on a single charge.
- Supercharger Network - Tesla has the most extensive Supercharger network, making long-distance travel convenient and thus reducing range anxiety.
- Autopilot Features - Tesla is a leader in autonomous driving technology, offering advanced driver-assistance features.
Cons:
- Price - Tesla's technology comes at a premium, making it less accessible for budget-conscious buyers.
- Quality Concerns - Some customers have reported issues with Tesla's build quality, especially regarding the interior and dashboard.
Should I Choose a Tesla?
We'd recommend going for a Tesla if you want practicality. Tesla vehicles come with a generous range and can use Tesla's Supercharger network, meaning range anxiety is significantly reduced. They're a great choice for company cars or fleet cars.
Models:
- Tesla Model 3 - Saloon car
- Tesla Model S - Saloon car
- Tesla Model X - SUV
- Tesla Model Y - SUV
Polestar is a Swedish EV manufacturer that originated as a performance brand under Volvo. Since then, it's rebranded itself as a standalone EV performance brand that combines luxury Scandinavian design with eco-friendly innovation.
Pros:
- Sustainable Materials - Polestar emphasises sustainability, using recycled and environmentally friendly materials in its vehicles.
- Performance - Known for their sporty handling and acceleration, Polestar vehicles have an engaging and powerful driving experience.
- Safety - With Volvo's reputation for safety, Polestar benefits from a strong focus on safety features and technology.
Cons:
- Range - While competitive, Polestar's range falls slightly short of Tesla's offerings.
- Charging - Charging infrastructure and service network are expanding but not as extensive as Tesla's.
- Expensive - Range-topping Polestars, like the Polestar 4, are very expensive.
Should I Choose a Polestar?
If you like to drive in style and luxury, then Polestar is for you. They come with some of the best interiors and technology on the market, providing a comfortable experience for the driver.
Although Polestar's range falls short of Tesla, it's improving. The Polestar 3 offers up to 372 miles of range, while the Polestar 4 has up to 350 miles.
Models:
- Polestar 2 - Fastback
- Polestar 3 - SUV
- Polestar 4 - Coupe SUV
BYD is a Chinese company that has grown significantly in the global EV market. They offer a wide range of electric vehicles that are affordable, reliable, and practical. In 2022, BYD overtook Tesla as the world's largest EV manufacturer and has a global market share of 9.1%.
Pros:
- Affordability - BYD vehicles are more affordable than their Western counterparts
- Battery Technology - BYD is a leader in battery technology, producing its own batteries, which are among the most efficient and safe in the industry.
- Diverse Lineup - BYD offers a wide range of EVs to suit different needs and preferences. They currently have three cars available in the UK: an SUV, a Hatchback, and a Saloon.
Cons:
- Interior Quality - With BYDs being affordable, their interiors feel less premium when compared to Polestar’s.
- Interesting Design - BYD cars have a unique design, which might not be to everyone's liking.
- Small Dealer Network - There's currently little stock for BYD cars in the UK. However, I'd expect this to drastically increase in the next few years.
Should I Choose a BYD?
There's no doubt that BYD cars are on the up. If you're looking for an affordable and reliable EV, BYD would be a sensible choice. They come at a low price point but also feature a generous range of technology and a good electric range.
Although they are relatively unknown, BYD continues to impress. I expect to see more of BYD in the coming years. So, why not get ahead of the curve?
Models:
- BYD Atto 3 - SUV
- BYD Dolphin - Hatchback
- BYD Seal - Saloon
ORA is the electric vehicle brand that sits under Great Wall Motors, China's largest SUV and pickup manufacturer. ORA focuses on affordable, smell to medium-sized electric cars, targeting a younger demographic with stylish designs and practical features.
Pros:
- Value for Money - ORA vehicles are competitively priced, offering a good range and loads of technology for their price point.
- Unique Design - ORA models like the 03 (formerly the funky cat) stand out with their unique and quirky designs, which appeal to drivers looking for something different.
- Technology - Despite their lower price, ORA cars come equipped with a decent level of technology and connectivity features.
Cons:
- Limited Models - The only ORA model available in the UK is the ORA 03, a small electric hatchback. It's on the small side and doesn't come with much power, achieving 0-62mph in eight seconds.
- Unproven - As a relatively new player in the UK, the long-term reliability and performance of ORA vehicles are yet to be fully established.
Should I Choose an ORA?
If you live in an urban area and are looking to go green, an ORA would be a great choice. They're relatively cheap, packed with technology, and return a generous electric range.
Models:
Choosing the right electric vehicle manufacturer depends on your priorities, whether it's range, sustainability, performance, design, or price.
Tesla offers technology and a comprehensive charging network, while Polestar emphasises design and sustainability.
BYD and ORA provide more affordable options, with BYD leading in battery technology and ORA offering unique designs for budget-conscious drivers.
Each manufacturer has strengths and weaknesses, so consider what matters most to you in your EV journey.
Looking for more car advice? Nationwide Vehicle Contracts produces regular motoring blogs on various topics, such as Volkswagen Golf: Should I Choose Estate or Hatchback? and How to Choose the Right Car for Your Lifestyle.
We are also one of the UK's largest car leasing brokers, offering a range of leasing deals to suit your every need. For more information, check out our latest leasing deals or call us at 0345 811 9595.
