For years, the electric vehicles (EVs) conversation has revolved around Tesla (TSLA). While Tesla captured headlines with rapid sales growth, industry-leading battery technology, and an ever-expanding lineup of EVs, legacy automakers like General Motors Company (GM) and Ford Motor Company (F) were seen trying hard to catch up. Today, as Tesla prioritizes its bold AI ambitions, its core automotive business is under pressure. Meanwhile, General Motors and Ford have quietly accelerated their own EV strategies. Both companies have invested billions in new platforms, expanded their EV portfolios, and are emerging as serious competitors in the U.S. EV market.
But only one of these legacy players is poised to win the EV race.