2030 certainly seems like a plausible timeline for the Volkswagen Group to overtake Tesla considering it operates in all kinds of price brackets
Tesla has become the world’s most valuable car company because of its massive lead in the EV space. But that lead may not be indefinite as now every mainstream car maker pivots towards EVs and some of them are admirably coming out with good products that are competitive to Teslas and perhaps better in some ways. Now the analysts at LMC Automotive are saying that Tesla will lose its lead to the Volkswagen group. Volkswagen has made the most audacious investment in EVs in the aftermath of the diesel gate controversy having committed over $80 billion to transform all its products to emissions-free power.
Volkswagen has already said that it will be making 70 battery-powered vehicles across the globe by 2030. Its brands – including the parent VW brand, the luxurious Audi brand, Porsche, and its JV and investment in Rimac – apart from funding battery tech companies like QuantumScape.
But Tesla’s lead should keep it ahead of the VW group as it has two factories launching soon – one in Texas and in 2021 itself in Berlin. Tesla’s infrastructure is also better with the Supercharger network but VW is not far behind with Electrify America, at least in the US.
Tesla has some issues as its cars don’t get the US tax credit that other EVs are getting these days. Seems like Elon Musk himself isn’t in the good books of president Joe Biden. 2030 certainly seems like a plausible timeline for the Volkswagen Group to overtake Tesla considering it operates in all kinds of price brackets, is present in more countries than Tesla and also has numerous different brands, but 2025 seems like a lofty prediction.